|Iran, S.Korea capital markets ink cooperation MOU||
TEHRAN - The Central Securities Depository of Iran (CSDI) and the Korea Securities Depository (KSD) signed a memorandum of understanding in Tehran on Monday to further boost bilateral ties.
CSDI Chairman Hamed Soltaninejad and KSD Chairman Kyung Dong Kim signed the MOU, aiming to expand cooperation in training, consultation, human resource development, and information exchange.
The CSDI chairman expressed hope that the MOU would pave the way for facilitating foreign investment in Iran.
The KSD chairman, for his part, said that the move will help the two countries expand economic relations.
According to the agreement, Iranian and South Korean depositories will be able to buy and sell long-term debt- or equity-backed securities in each other’s capital markets, Press TV reported.
In January, South Korean President Park Geun Hye hailed her country’s longstanding relations with Iran, stressing that Seoul attaches great significance to the expansion of ties with Tehran in all fields.
In a meeting with Iranian Ambassador to Seoul Ahmad Ma’soumifar, Park described the Islamic Republic as one of South Korea’s major commercial partners in the Middle East.
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