OREANDA-NEWS. September 02, 2011. Kazakhstan Stock Exchange (KASE) and Korean Stock exchange (KRX) signed a Memorandum of Understanding (MOU) during KRX CEO Mr. Kim, Bong Soo visit to Kazakhstan. The MOU is devoted to cooperation in the area of Kazakhstani capital market development, reported the press-centre of KASE.

Under the MOU, the exchanges will establish a joint Working Committee, which will comprise of representatives from both exchanges and review Kazakhstani securities market rules and regulations, as well as KASE by-laws and IT infrastructure. Based on the results of the review, the Committee will propose recommendations for further improvement of the Kazakhstani securities market regulations and KASE infrastructure.

Based on these recommendations prepared by the joint Working Committee, KRX will provide KASE with consulting services and help bring necessary developments into life.