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Stock Markets’ Cooperation With S. Korea
Economy, Business And Markets

Stock Markets’ Cooperation With S. Korea

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.

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