Monday January 14 2013
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: International
Link: http://www.adx.ae/English/News/Pages/20130113110417256-1-13-201311-05-02AM.aspx
Aiming at expanding means of economic cooperation between the UAE and South Korea, Abu Dhabi Securities Exchange (ADX) received a high level Korean financial delegation headed by H.E. Kim Jung-Hoon, Chairman of National Policy Committee, at the Korean National Assembly. Mr. Hung-Hoon was accompanied by officials from the Korean Financial Services Commission (FSC), Korean Financial Supervisory Service (FSS), Korea Financial Cooperation (KOFC), Korea Financial Investment Association (KFIA, and Korea Stock Exchange (KRX).
On the sidelines of the visit, ADX inked a Memorandum of Understanding (MoU) with its Korean counterpart KRX. The Memorandum of Understanding (MoU) was signed at the ADX headquarters.
Under the terms of the MoU, ADX and KRX establish an agreement to facilitate the development of communication channels for the sharing of information between both exchanges. The MoU states that further cooperation will cover aspects such as structuring of listed products, corporate governance, exchange of staff, and research projects.
Click on the above link for more details.