Market agencies to pool money to calm bourse

SEOUL, Nov. 6 (Yonhap) -- Four local stock market agencies have agreed to make up
a 500 billion won (US$380.5 million) fund to calm the turbulent market, a local
stock brokers association said Thursday.

The four agencies -- the Korea Securities Dealers Association, the nation's stock
market operator Korea Exchange, the Korea Securities Depository and the Asset
Management Association of Korea -- plan to inject 100 billion won into the
volatile market every month until next March, the Korea Securities Dealers
Association said.
Local stock market agencies formed a fund worth 400 billion won ($305.6 million)
in 2003 for the same reason.
ksnam@yna.co.kr
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