Qatar Central Bank Governor Visits S Korean Companies

Seoul, April 20 (QNA) - HE the Governor of Qatar Central Bank Sheikh Abdullah bin Saud Al Thani met today with heads of asset management, stock exchange and investment companies in South Korea during a dinner banquet hosted in his honour by Chairman of Policies Committee at the South Korean National Assembly (Parliament) Hon Kim on the occasion of his visit to the Republic of Korea. The meeting was attended on the Qatari side by a number of chief executive officers of Qadri banks, Qatar Financial Centre Regulatory Authority, Qatar Financial Markets Authority and a number of ranking officials at Qatar Central Bank. HE Sheikh Abdullah bin Saud Al Thani told Qatar News Agency (QNA) that his meeting with Korean businessmen working in the financial and investment sectors provided an opportunity to listen to what their companies offer in the fields of asset management, investment and financial market dealings, both on the level of local markets in south Korea and international markets. Sheikh Abdullah added that he and his accompanying delegation, which comprises chief executive officers of Qatari Banks, Qatar Financial Centre Regulatory Authority and Qatar Financial Markets Authority, gave a briefing on the possibility of cooperation with Korean companies in financial and investment fields at present or in future, welcoming cooperation with Korean companies active in this field to benefit from their long experience and to serve the interest of both countries. He pointed out that his meeting with the Chairman of the Polices Committee at the Korean National Assembly provided an opportunity to get familiarized with legislations regulating money markets and investment in the Republic of Korea which will contribute to drawing up Qatar's future investment plans in South Korea. The Republic of Korea is one of the most important importing countries from Qatar. Qatar exports to the Republic of Korea in 2013 totaled USD 24.55 billion or 18 per cent of the overall Qatari exports while its imports from South Korea in the same year valued USD 1.08 or 4 per cent of the overall imports.(QNA)