Stay up to date with the latest news
Subscribe to our telegram channel
State Competition Committee, KRX hold talks in Tashkent
Tashkent, Uzbekistan (UzDaily.com) --
The State Committee of the Republic of Uzbekistan for privatization, demonopolization and development of competition (State Competition Committee) hosted a meeting with the head of the Department of the Korea Exchange (KRX) on development of business in developing markets Steve Daychun Kim and analyst of brokerage firm Korean Investment & Securities Co., LTD Ming-Wan Yu.
In line with the resolution of Uzbek President “On measures on further developing stock exchange” from 19 March 2012, the KRX should supply single software-technical complex for Uzbekistan Stock Exchange with the cost at least US$6 million in exchange of the 25% minus 1 stake in Uzbekistan Stock Exchange.
The general agreement on modernization of securities market of Uzbekistan, signed on 23 August 2011 between the KRX and State Competition Committee within the visit of South Korean President to Uzbekistan.
At the meeting, the sides discussed implementation of the general agreement, results of improving legislation base, training of personal and improving investment activity of the UZEX to attract large foreign companies at trades of securities, etc.
The sides reached agreement that KRX will complete supply of equipment, IT technologies and software and install them by the end of 2015 and help to improve liquidity of the securities market.
In the result of cooperation, interaction between two stock exchanges will be expanded and Uzbekistan will receive access to modern information technologies to modernize its stock market infrastructure, and will make it easier to search for investors to public companies.
LATEST NEWS