South Korea's bourse operator said Friday it has agreed with the Iranian financial regulator to enhance bilateral cooperation in the financial sector, following a landmark nuclear deal to open a potential market in the Middle Eastern country.

The Korea Exchange said it signed a memorandum of understanding with the Securities and Exchange Organization of Iran in Tehran on Thursday to share each others' experience and information and collaborate in building related infrastructure.

The SEO is Iran's financial regulatory body to govern the country's stock, derivatives and bond markets.

The KRX said the MOU will pave the way for South Korea to go into the Iranian financial market, which has emerged as the most potential investment destination since the nuclear deal was concluded in July. (Yonhap)