Chairman of the Central Securities Depository of Iran (CSDI) Hamed Soltaninejad (R) and Chairman of the Korea Securities Depository (KSD) Kyung Dong Kim shake hands after signing a memorandum of understanding in Tehran on September 16, 2013.
The Islamic Republic of Iran and South Korea have signed a memorandum of understanding (MoU) to further cement trade ties and facilitate interaction between their capital markets.
Central Securities Depository of Iran (CSDI) Chairman Hamed Soltaninejad and Korea Securities Depository (KSD) Chairman Kyung Dong Kim penned the agreement during a ceremony in Tehran on Monday.
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.
The MoU also aims to boost business cooperation between Iran and South Korea in the fields of training, consultation, human resources development, and information exchange.
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.
During 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.
Ma™soumifar, for his part, said relations between Iran and South Korea over the past half century have always been œfriendly and constructive.”
MP/AB/AS
Copyright: Press TV