Securities Firms Consolidate Sales Offices as Desperate Measure to Survive in Recession

SEOUL, May 11 (Korea Bizwire) – Korea’s traditional securities firms are changing their sales strategies in a fundamental way. Under a prolonged recession with fewer customers visiting their storefronts while online and mobile transactions having surged at the expense of their stream of revenues such as brokerage fees, the industry have been under enormous pressure to transform themselves. One [...]