KRX Initiates Uzbekistan Stock Market Modernization Project
On March 25, 2014, Korea Exchange(KRX) signed an agreement on “Uzbek Stock Market Modernization Project” with the State Property Committee(SPC) of Uzbekistan at Tashkent, Uzbekistan. The agreement was signed by KRX Chairman & CEO Mr. Kyungsoo Choi and SPC Chairman Mr. A. Abudukhakimov and includes details on the master agreement previously signed in 2011 between the two parties.
KRX expects to begin specific tasks for the stock market modernization project which has been prolonged due to negotiation on details of the agreement’s terms and conditions. This project has been pushed ahead to transplant Korean stock market model into Uzbekistan since 2011. KRX expects the delivery of the new system by year-end 2015.