State Property Committee, Korean Exchange sign agreement on modernization of securities market

The Uzbek delegation included head of the State Property Committee Aziz Abdukhakimov, acting director general of the Center for coordination and control over functioning of securities market Askar Obidov, heads of State Central Securities Depository, boars of Uzbekistan Stock Exchange and others.

The KRX delegation included KRX President and CEO Bongsoo Kim, KRX Executive Director Shin Peng-Ho, KRX Senior Vice-President Jung-ho Hwan, as well as several specialists of the exchange.

Within the meeting, the sides signed agreement on modernization of securities market of Uzbekistan.

It was noted that the agreement will expand cooperation in all directions of stock exchange of two states, access modern information technologies for creation modern infrastructure of securities market in Uzbekistan, significantly simplify search of potential partners through IPO on online mode, etc.

Korean Exchange is one of leading exchanges of the world on the volume of deals with the securities and it is one of ten largest exchanges on capitalization.

The memorandum of understanding on development of securities market between the State Property Committee and KRX has been signed in Tashkent on 28 December 2010.