Seo Yuseok, Chairman of the Korea Financial Investment Association, Discusses Cooperation with Cambodian Deputy Finance Minister

The Korea Financial Investment Association announced on the 27th that Chairman Seo Yu-seok discussed financial cooperation measures with a delegation led by Pen Thirong, Deputy Minister of the Ministry of Economy and Finance of Cambodia.

At the meeting held that day, both countries shared broad opinions on cooperation between the financial investment industries. Pen Thirong, Deputy Minister of Cambodia's Ministry of Economy and Finance, emphasized that the Cambodian government is promoting plans to revitalize the capital market at the government level, following the establishment of the Cambodia Securities Exchange (CSX) in 2012 through joint investment by the Korea Exchange and the Cambodian government.

Additionally, the Cambodian government is working to activate the government bond market in preparation for a gradual reduction in the proportion of overseas aid within the government budget, and expressed plans to benchmark Korea's government bond and other bond markets in this regard.

The Korea Financial Investment Association provided an explanation of the overall domestic over-the-counter bond market, shared information about the bond trading system ‘K-Bond’, the operation of the Bond Information Center, and the association’s various roles and expertise in bond issuance and distribution markets.

Chairman Seo Yu-seok stated, “Based on the long-standing cooperative relationship between Korea and Cambodia in the capital market sector, we will closely cooperate with Cambodian government authorities and support domestic member companies when they enter the Cambodian market in the future.”

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