Tehran Stock Exchange Corporation (TSE) signed MoU with its Korean counterpart, Korea Exchange (KRX) on 21 January 2009. Including six cooperation areas, the Memorandum is signed and exchanged in order to establish and encourage relations and collaboration between both Exchanges. Both parties are interested to have participation in mutual training of the personnel, information exchange, and promotion of securities markets and the tradable products, especially bonds trading system. TSE and KRX are also looking forward to benefit each side’s consultancy services for development of risk management systems, as well as the joint working groups for focusing on the common interests. TSE and KRX are both full members of World Federation of Exchanges (WFE).