Tashkent, Uzbekistan (UzDaily.com) -- In Uzbekistan, many measures have been implemented to ensure inclusive economic growth, in particular, to attract all segments of the population to the ranks of active participants in the capital market. At the same time, the best practices of foreign countries and international financial organizations are used.

For example, the Ministry of Finance of the Republic of Uzbekistan is strengthening relations with financial institutions of the Republic of Korea, which is one of the strategic partner states for the development of the capital market. In particular, on December 11 of this year, a delegation headed by the Chairman of the Korean Stock Exchange Sohn Byungdoo visited our country on a business visit and held meetings with representatives of the Ministry of Finance, JSC "Republican Stock Exchange "Tashkent", SUE "Central Securities Depository" and SUE "Stock Market Information and Resource Center".

During the negotiations, the process of privatization of domestic enterprises with a state share and the main directions of development of the capital market were discussed in detail.

The President of the Korean Stock Exchange Sohn Byungdoo highly appreciated the reforms consistently carried out by the President of the Republic of Uzbekistan Shavkat Mirziyoyev, equating them to the reforms of South Korea in the 1970s and 1980s, shared the experience of the Republic of Korea on its further development.

Following the meetings, a Memorandum of Understanding was signed between the Ministry of Finance of the Republic of Uzbekistan and the Korean Stock Exchange in order to strengthen cooperation in the development of the country's capital market, the introduction of new equipment and technologies in accordance with the requirements of the time.

The document will serve as a solid basis for further joint measures to develop the software and hardware complex of the capital market, create new financial instruments, and develop the knowledge and skills of specialized specialists.