Plans are underway to connect Iran and South Korea’s stock exchanges, announced Mohammad Fetanat, the head of Securities and Exchange Organization of Iran, during a meeting with the representatives of Korea Exchange in Seoul on Monday. According to the official, a new online system will be designed so that Iranian and South Korean investors can have access to the two countries’ stock markets. The Iranian official’s three-day visit to South Korea is a follow-up to KRX representatives’ trip to Iran back in 2015 and the signing of a memorandum of understanding on expanding cooperation, IRNA reported. KRX is the sole securities exchange operator in South Korea with a combined market capitalization of $1.2 trillion.
