1 99665438+February, the preparatory working group of Korea Futures Exchange was established, 1998 13 and1999 February1day, the Korean National Assembly revised the futures trading law twice. 1February, 1999, the Korea Futures Exchange (KOFEX) was formally established in Busan. In that year, US dollar futures and options, CD interest rate futures, national debt futures and gold futures were introduced. Thus, stock index futures and options are separated from the listing places of other financial futures. After a debate about whether stock index futures and options contracts should be placed on the stock exchange or futures exchange, the trading of KOSPI200 index futures and options finally moved from the stock exchange to KOFEX. In this way, the Korean stock index futures and options market began to grow up in the specialized financial futures exchange such as the Korea Futures Exchange.