During the visit, the Iranian officials led by Securities and Exchange Organization (SEO) Chairman Mohammad Fetanat met a number of executives of the South Korean capital market, including the heads of the Financial Supervisory Service (FSS), Korea Securities Depository and KRX.
The two sides agreed to make strong efforts to build on already good relations to further improve bilateral cooperation.
They also agreed to establish a system to link the capital markets of the two countries, enabling investors from each side to have access to the other side’s capital market under certain conditions.
The KRX announced that it will use its past experience linking its markets with other countries to form a strong Iranian-Korean linkage.
The two parties also agreed to do their best to facilitate the adoption and enforcement of the required regulations to the interest of both sides.
Fetanat also had a meeting with FSS Governor Woong-Seob Zhin to discuss venues for bilateral cooperation.
Woong-Seob voiced willingness to seal a Memorandum of Understanding (MoU) with the SEO in the near future.
HE pointed out the role of the two entities in organizing the markets asserting “the meeting marks the first of its kind held between the executives of the SEO and FSS.”
The SEO had held the first joint workshop with South Korea in February while is scheduled to organize the second event which will be held in April.
Accordingly, both sides agreed to have representatives from all their equity and bond markets in the second workshop in order to further engage every Iranian and Korean market practitioner.
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