Financial Services Commission Vice Chairman Kwon Dae-young met with Nguyen Duc Chi, Deputy Minister of Finance of Vietnam, to discuss ways to enhance cooperation in the capital markets of both countries.
According to financial authorities, the meeting took place on the morning of July 16 at the Government Seoul Building. This meeting was arranged as a follow-up to the South Korea-Vietnam summit held in April.
Kwon stated, "Vietnam is a key partner for South Korea and the second most significant market for our domestic financial companies." He expressed gratitude for the establishment of the Industrial Bank of Korea's Hanoi branch in January and the approval of the Korea Exchange Bank's Vietnam subsidiary in April.
He also noted the visible achievements in financial diplomacy, such as the approval for NICE Information Service's credit information services in Vietnam.
Deputy Minister Chi highlighted that the FTSE Russell's confirmation of Vietnam's stock market as a secondary emerging market in April was based on the next-generation securities market system developed in collaboration with the Korea Exchange. He mentioned that efforts are underway to introduce a regulatory sandbox in the securities sector this year and proposed expanding capital market cooperation through shared policy experiences.
Kwon outlined plans to continue improving the Korean stock market based on four key policy directions: restoring trust, protecting shareholders, fostering innovation, and enhancing market accessibility.
The Financial Services Commission stated, "We will expand our cooperation not only in the capital market but also across the entire financial sector, including insurance and fintech."
* This article has been translated by AI.
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