Work on the stock exchange has been underway
since September but this week the government made it official, signing an
agreement with the Korea Exchange to establish a market in 2009. Korea Exchange,
or KRX, is Asia's fourth-largest bourse operator. KRX is also working with Laos
to open a stock exchange. The Cambodian government will own a 51 percent share
in the new exchange, with KRX holding 49 percent.