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Iran, S. Korea planning to link capital markets

Special working groups have been set up to connect the Iranian and South Korean capital markets, according to Head of Securities and Exchange Organization (SEO) Mohammad Fatanat

Special working groups have been set up to connect the Iranian and South Korean capital markets, according to Head of Securities and Exchange Organization (SEO) Mohammad Fatanat.

Connection to South Korean capital market can be a major achievement for the Iranian capital market, Fatanat said.    

He said that a main objective of a three-day visit to Seoul by the Iranian delegation was to pursue the implementation of an agreement recently signed between SEO and Korea Exchange (KRX). 

During their stay in Seoul, the Iranian delegation explored ways for creating direct links between the two countries with the South Korean side.  

The South Korean investors welcomed presence in the Iranian capital market, Fetanat said, adding that in the first step, they will enter the Iranian capital market through the financial instruments based on Sukuk (Islamic bonds).    

Measures will be taken so that South Korean investors could buy securities directly issued by the government or governmental companies, Fatanat said. 

Noting that the annual transactions in Korea Exchange exceed $1.2 quadrillion, he said that KRX is on the eve of placing among world top 10 stock markets.

SEO and KRX signed an agreement for expansion of cooperation just a week after the implementation of a nuclear deal Iran reached with world powers last year which paved the way for lifting international economic sanctions on Tehran.

Release Date: 4/14/2016


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