Korea Exchange will help Myanmar start a stock market

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Korea Exchange will help Myanmar start a stock market

The nation’s sole securities exchange operator Korea Exchange (KRX) signed an memorandum of understanding (MOU) with Myanmar’s central bank to help establish the country’s first stock market.

Myanmar, formerly known as Burma, plan to open its stock market in 2015. The Korean stock market operator will help with training and consult on setting up infrastructure.

Myanmar is the only Southeast Asian country without a stock market.

“We will support the successful opening and development of Myanmar’s stock market by offering our knowledge on managing the Korean stock market for the past 60 years or so,” said Kim Bong-soo, CEO of KRX.

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