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04 November 2023

Cooperation matters were discussed with representatives of the Korean Stock Exchange

On 2 November this year, a meeting was held with the participation of representatives of the State assets management agency (UzSAMA) and the Korea Stock Exchange (KRX).

At the beginning of the meeting, Director of UzSAMA Akmalkhon Ortikov emphasised the effective cooperation between the Korean Stock Exchange and Uzbekistan, which has been going on for several years, and expressed his gratitude for the active support in the implementation of the Unified hardware and software complex for the stock market of Uzbekistan, including provision of software, server and telecommunication services by the Korean Stock Exchange and training of local specialists.

Also A. Ortikov mentioned that in order to further develop the capital market, improve its infrastructure, simplify the procedure for participation of foreign investors in the local stock market and protect the rights of investors adopted the Decree of the President of the Republic of Uzbekistan from 2023 №PD-291 and according to the Decree JSC Republican Stock Exchange "Tashkent" is exempted from accrual and payment of dividends until 31 December 2028.

In turn, Executive director of the Korean Stock Exchange Kyonuk Min noted that the Korean Stock Exchange has started relevant work to increase the capital of the Republican Stock Exchange "Tashkent", and that this process will be considered by the Board of Directors.

Kyonuk Min also emphasised that he would take practical measures to develop and operate the Tashkent Republican Stock Exchange on the basis of international standards, including focusing all its experience and skills on the Tashkent Republican Stock Exchange.

At the end of the meeting, UzSAMA presented memorable gifts to the representatives of the Korea Stock Exchange.

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