Icap launches JV in Korea

"With the development of Korea's domestic derivatives and capital markets and our connection with the international markets via Icap, KIDB-Icap provides access to liquidity for both the Korean and international banks that are active in these products," said Youngsoo Oh, joint chief executive of KIDB-Icap. "We have an opportunity to rapidly build this business as the markets in Korean products evolve and grow."

The joint venture currently has a staff of 10 working on interest rate and FX deriv