PRESS RELEASE
On November 1, 2023, the Republican Stock Exchange "Toshkent" (RSE) hosted a delegation from the Korea Exchange (KRX) led by Executive Director Kyung Uk Min.
During the meeting, the CEO of the RSE George Paresishvili gave an overview of the current state of the capital market of Uzbekistan and plans to develop it with the help of the new regulator and the government of Uzbekistan. He discussed in details a new Presidential Decree No. 291 which provides for additional measures and a roadmap for capital market development in 2023 - 2025, including enabling access of foreign investors to local securities market. George Paresishvili also addressed the challenges the RSE is facing while implementing the necessary changes.
In turn the KRX, as a shareholder of the RSE, appreciated concerted effort of the RSE, the new regulator and the government of Uzbekistan aimed at developing Uzbek capital market and attracting new investors to it. They noted significant increase in the number of trades conducted on the RSE over the last year as a sign that local retail investors are becoming more active. KRX expressed willingness to continue its support for the further development of the capital market and the stock exchange in Uzbekistan.
