Koscom delegation visits UZEX

The delegation, which arrived in Tashkent within the project on modernization of Uzbekistan Stock Exchange (UZSE), expressed interest in the UZEX activities. The delegation included CEO and President of Koscom Woo Joo Ha.

Koscom was founded in 1977 under the Korean Stock Exchange (KRC). It has great experience in financial information technologies, exchange IT services and it is a leader in industry.

The negotiations focused on cooperation in information technologies, used at financial and commodity exchanges. The Korean delegation familiarized with mechanism of trades and order of signing agreements, results of the exchange’s activities for last year, perspective plans of UZEX. Woo Joo Ha underlined that the commodity exchange in Uzbekistan is more developed compared to other exchanges.

After the Korean side familiarized with UZEX activities, the sides started concrete negotiations. It was noted that priorities of UZEX is to improve mechanism of electronic trades, introduction of e-signature at exchange and auction trades. The sides noted that they could cooperate in this direction.

The Korean delegation was impressed with UZEX activities and its intention to modernize its technologic base and enter new markets. In the result of the talks, the sides agreed to continue discussions on further cooperation.