KRX delegation holds talks at Uzbek Property Committee

15/03/2011 | Markets

Tashkent, Uzbekistan (UzDaily.com) -- A delegation of Korea Exchange (KRX) led by its vice president of global business development Jung-ho Hwan held negotiations at the State Committee of Uzbekistan on management of the state property (SPC) on 15 March 2010.

The SPC press service said that the meeting was held within the five-day visit of the KRX delegation to Uzbekistan.

The meeting was aimed at discussing joint work on implementation of preliminary stage of cooperation in development of securities market in Uzbekistan and Korea, familiarizing Korean sides with legislative base of regulating exchange activity in Uzbekistan and studying experience of the KRX development to develop measures for further developing stock market in Uzbekistan, as well as developing action plan for implementation of the memorandum between the SPC and KRX.

During the meeting, it was noted that the memorandum of understanding on development of securities market will allow to expand interaction in all spheres of stock markets of two countries and provide access to modern technologies for creating modern stock market infrastructure in Uzbekistan, which will simplify process of searching potential partners for businesses through IPOs, etc.

The memorandum between the SPC and KRX has been signed in Tashkent on 28 December 2010.

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