TEHRAN (FNA)- The Central Securities Depository of Iran (CSDI) and the Korean Stock Depository (KSD) signed a memorandum of understanding (MoU) on cooperation between the two countries capital markets on Monday.The MoU, signed during a ceremony at CSDIs conference hall in Tehran today, covers mutual cooperation in vast areas such as training, manpower development, consultation and exchange of information.
CSDI has already signed MoUs with Turkey, Pakistan and Indonesia on stock exchange cooperation.
Iranian and South Korean officials in June underlined the necessity for bolstering trade relations between the two countries.
At the meeting, Head of Iran's Trade Promotion Organization (TPO) Hamid Safdel and South Korean Ambassador to Tehran Sung Wung Yeub discussed avenues for boosting bilateral ties, specially in the trade field.
Safdel pointed to the current status of trade relations between Iran and South Korea, and said, The exchange of trade delegations between private sectors of the two countries will further help boost mutual trade cooperation.
He also called for a fruitful cooperation between the Iranian and South Korean free trade zones.
The volume of non-oil trade transactions between Iran and South Korea stood at $6.2 billion in 2012.
By Fars News Agency
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