OREANDA-NEWS. On June 26, 2008 Korean Exchange (KRX) and Korea Securities Depository held a KRX forum for Kazakhstani companies which are interested in listing their shares on overseas exchanges at Intercontinental Hotel, Almaty, Kazakhstan, in collaboration with Daewoo Securities, the largest securities firm in Korea, and Halyk Finance, the investment banking arm of Halyk Group, reported the press-centre of Halyk Group.

Korea Exchange signed a Memorandum of Understanding with RFCA for exchange of information and mutual cooperation on 14 December 2006 and in order to further develop mutual cooperation, Korea Exchange made a first presentation about Korea listing in energy-rich country which is one of the fastest growing countries in the CIS to diversify the listed companies on KRX.

At its forum, Korea Exchange explained the audience about listing requirements, rules and procedures, as well as advantages of IPO on Korea Exchange. Korea Securities Depository made presentation about depository’s roles and DR (Depository Receipts) listing procedures for foreign companies.

Daewoo Securities have an alliance agreement with Halyk Finance for various investment banking activities including cross-border M&A, project financing, and IPOs this March and both will help support Kazakhstani companies in raising capital from Korean capital markets in the future.