Dubai – Mubasher: The Dubai Financial Market (DFM) has announced signing a Memorandum of Understanding (MoU) with Korea Securities Finance Corporation (KSFC) in order to create a mechanism for long-term co-operation “to foster the continuing relationship between the two sides for the benefit of the respective securities markets in Dubai and Korea”.

The MoU provides a general framework for areas of cooperation in order to strengthen collaboration between both sides in the capital markets including; exchange of information, secondments and training of staff, as well as to improve the professional competence of staff and facilitate various formulas of cooperation, the DFM revealed in a press release.

DFM Chairman Essa Kazim and KSFC President and CEO Mr. Jaeseek Park have signed the MoU with the attendance of senior representatives from both sides, during the visit of the Korean delegation to the DFM.

Commenting on the deal, the DFM Chairman stated “We are delighted to receive the visiting delegation from Korea as we constantly endeavor to strengthen relationship and share knowledge on international best practices with various companies operating in capital markets sector. We look forward to see this MoU put into practice paving the way for both the DFM and KSFC  to get the most out of it and foster the relation between our country and Korea.”