JSC JSSB Belarusbank and the company Goodmorning Shinhan Securities signed the memorandum of understanding (press release)

From 23 to 26 March 2008 JSC "JSSB Belarusbank" organized a business visit to the Republic of Belarus of the management of the South Korean company "Goodmorning Shinhan Securities", Korean energy corporation KEPCO and South Korean engineering and construction company SK E&C.

During the visit to Minsk the foreign delegation held a meeting with the Prime Minister Sergei Sidorski and a number of meetings in ministries and institutions of the Republic of Belarus, National Bank of the Republic of Belarus, in concerns and organisations in order to discuss investing in Belarusian joint ventures and setting-up companies in partnership with South Korean capital.

On Tuesday 25th March the Chairperson of the Board of JSC "JSSB Belarusbank" Nadezda Ermakova and the President of the South Korean company Goodmorning Shinhan Securities Dong G. Lee signed the Memorundum of Understanding for a strategic alliance between JSC "JSSB Belarusbank" and Goodmorning Shinhan Securities for the purpose of promotion of mutual interests in the sphere of investment banking business, informational technologies and marketing research.

Besides, as the President of the Korean company stated, Goodmorning Shinhan Securities is interested in further development of business relations with JSC "JSSB Belarusbank" including the possibility of acquiring the minority shares of JSC "JSSB Belarusbank".

The parties agreed to develop bilateral cooperation and represent each other's interests in the business circles of Belarus and Korea.

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