S. Korea to Support Development of Capital Markets
Economy, Business And Markets

S. Korea to Support Development of Capital Markets

A senior financial regulator said on Tuesday South Korea will support the development of Iran’s capital markets, citing ongoing financial cooperation between the two countries.
Jeong Eun-bo, vice chairman of the Financial Services Commission, said bilateral cooperation has gained further urgency to meet growing financial needs, following the lifting of nuclear sanctions on Tehran earlier this year, Yonhap news agency reported.
Jeong made the statements in a meeting with Shapour Mohammadi, the head of Iran’s Securities and Exchange Organization, in Seoul, though he did not elaborate.
South Korea is seeking business opportunities in Iran, as the oil-rich country is determined to implement infrastructure and development projects.
South Korea’s President Park Geun-hye visited Tehran in May and met with her Iranian counterpart, Hassan Rouhani.
Industry data showed that trade volume between South Korea and Iran stood at $6.1 billion in 2015, down from $17.4 billion in 2011 due to the western sanctions against its civilian nuclear program.


Short URL : https://goo.gl/EEceNM
  1. https://goo.gl/0TXrkk
  • https://goo.gl/2jDQuL
  • https://goo.gl/xENic9
  • https://goo.gl/2K75sc
  • https://goo.gl/FD6Y0J

You can also read ...

How China Became Iran’s Coziest Trade Partner?
From bilateral trade to finance contracts and civil projects,...
The economy of the Islamic Republic of Iran has been tied to political and foreign affairs developments over the years.
This is the Financial Tribune’s last edition of the current...
Iranian Banking Sector Awaits Full JCPOA Benefits
Iran’s Deputy Foreign Minister Abbas Araqchi addressed various...
President Hassan Rouhani on Sunday spoke to reporters after the last Cabinet meeting of the current year.
President Hassan Rouhani on Sunday outlined his administration...
Iran has more than 37 billion tons of proven mineral reserves and 57 billion tons of potential reserves.
Iran exported more than 58.09 million tons of mineral products...
All-Out Growth in Interbank Market
The Central Bank of Iran has released its latest data on the...

Add new comment

Read our comment policy before posting your viewpoints