Tehran, Seoul stock exchanges ink MoU

TEHRAN, Oct. 25 (MNA) – Iran and South Korea stock exchange organizations have signed a cooperation agreement to develop joint activities including holding of training workshops.

The signed MoU consists of several initiatives between Iran and South Korea to bloster bilateral activities.

Mohammad Fetanat, President of the Securities and Exchange Organization (SEO) of Tehran Stock Exchange (TSE), pointed to demographic diversity and economic potentials of the country and said, “the two countries have had good and friendly ties and the current agreement will aim at deepening the prevailing relations.

On the ways of cooperation with South Korea, Fetanat noted “according to the preliminary agreement, a working group will be formed to discuss various issues like the structure of laws and regulations, IT and market operations as well as the agreement we have reached on holding training workshops, the first course of which will be held in Seoul in November.”

Stressing the importance of Tehran’s relations with Seoul, the official said, “internationalization of Iran’s Stock Exchange is among country’s priorities; therefore, the signed MoU is not a mere document to be archived rather we are looking for collaborations at an operational level.”

The CEO of South Korea's Stock Exchange Choi Kyung-Soo, for his part, expressed satisfaction towards his presence in Iran and getting acquainted with the country’s stock exchange; “South Korea is eager to share its 60-year experience in the stock exchange with Iran," he noted.

He further referred to three possibilities of joint activity with Iran; “describing South Korea’s economic development policy, participation in technical, engineering and IT structures related to capital markets as well as holding joint training courses are among the programs included in the MoU,” he asserted.




News Code 111339


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