BAKU, Azerbaijan, Sept. 14
By Klavdiya Romakayeva - Trend:
The Capital Markets Development Agency of Uzbekistan and the Korea Exchange (KRX) will cooperate to attract additional investment and resources for the development of the Toshkent Republican Stock Exchange, Trend reports with reference to the press service of Capital Markets Development Agency of Uzbekistan.
The parties paid the main attention to the discussion of attracting additional investments and resources for the development of Toshkent Republican Stock Exchange, and also agreed to assist as an adviser to the Agency expert Hyun-Soo Choi, who has 32 years of experience in KRX.
In addition, to modernize the IT system of the securities market infrastructure, the KRX management is ready to send employees to Uzbekistan to conduct trainings in the Uzbek language.
The Agency for the Development of the Capital Market of Uzbekistan was established on the basis of the Decree of the President of the Republic of Uzbekistan on measures to radically improve the system of state asset management, antimonopoly regulation and the capital market.
The agency is the legal successor of the Center for Coordination and Development of the Securities Market under the State Competition Committee of Uzbekistan.
Korea Exchange (KRX) is the world's largest exchange in terms of the volume of derivatives transactions, and is among the twenty largest exchanges in terms of capitalization. It owns blocks of shares of the Toshkent Republican Stock Exchange in the amount of 25 percent.
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