한국거래소, or the Korea Exchange, is the main stock exchange in South Korea. Established in 1956, it facilitates the trading of various financial instruments, including stocks, bonds, and derivatives. The exchange plays a crucial role in the country's economy by providing a platform for companies to raise capital and for investors to buy and sell securities. Located in 부산 and 서울, the Korea Exchange operates several markets, including the KOSPI and KOSDAQ. It is regulated by the 금융위원회 (Financial Services Commission) to ensure fair trading practices and protect investors. The exchange is vital for promoting transparency and liquidity in the South Korean financial market.