Experts of the Korean stock exchange held a seminar for entrepreneurs of Uzbekistan
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The Republican exchange center hosted an extended seminar for representatives of domestic enterprises. The seminar was held with the participation of experts of the Korean stock exchange (KSE) and “Korea Investment and securities”.
The event was attended by members of the Centre for coordination and development of securities market, the Republican stock exchange "Toshkent", the Central securities depository and the Center for management of state assets.
The main topics of the seminar were devoted to an explanation of the nature and advantages of attracting foreign investment in the processes of modernization, technical and technological re-equipment, diversification of production through the issuance and placement of additional shares on the example of the relevant experience of the Republic of Korea.
During the visit of the Korean delegation, activities for the successful launch of the Single complex supplied by the KSE in the framework of the joint project on modernization of securities market of Uzbekistan were discussed as well. Korean side highly appreciated the work on improvement of the legislation on the securities market and development of the system of corporate governance.
Recall that in 2010-2011 the State Property Committee of the Republic of Uzbekistan and the KSE signed a Memorandum of understanding for the development of the securities market and the General agreement on modernization of the securities market of the Republic of Uzbekistan.
For effective implementation of the project, in March 2012 the resolution of the President of the Republic of Uzbekistan №PP-1727 "On measures for the further development of the stock market" was adopted.
In the framework of the General agreement, the Korean stock exchange undertakes responsibility to supply and implement on "turnkey" conditions of the Single complex for the stock market of Uzbekistan, which includes software, server and telecommunication equipment, training of local technicians and warranty service, as well as assisting in the improvement of the legal framework.
