LAOS
Capital Markets
September 30, 2007
Stock exchange to debut in 2010
Korea Exchange Inc has agreed to extend necessary support to establish a stock market in Laos.
Governor of the Bank of the Lao PDR, Phouphet Khamphounvong, and Chairman and CEO of Korea Exchange Inc, Dr Young-Tak Lee have signed an agreement to this extent, according to a press release issued by the Bank of the Lao PDR.
The agreement was signed during a visit of a high-ranking Lao delegation to the Republic of Korea. The delegation was headed by Standing Deputy Prime Minister of Laos Somsavat Lengsavad.
The main objective of the visit, which continued from Sept 19-22, was to study the best practices and lessons learned from the Republic of Korea in running a stock market, considering that country's remarkable success in this area.
During the meeting, the Korean side agreed to establish a joint working group to undertake a feasibility study on setting up of a stock market in Laos.
This will involve the organisation of training programmes for drawing up security regulations and building stock market expertise among Lao officials.
The Bank of the Lao PDR will review and amend local laws and regulations in support of the establishment of the Lao stock market by 2010.

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