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Mobile Trading Pushing Securities Firms to Trim Offline Presence

Mobile Trading Pushing Securities Firms to Trim Offline Presence

SEOUL, Sept. 13 (Korea Bizwire) – Securities companies in South Korea have shuttered more than 800 branches over the past seven years. As of the end of June, a total of 1,013 branches were being operated by 55 securities firms in the country, according to the Korea Financial Investment Association. This represents a 44.3 percent plunge [...]

Securities Analysts Anxious amid Investigation of Controversial Samsung M&A

Securities Analysts Anxious amid Investigation of Controversial Samsung M&A

SEOUL, Nov. 28 (Korea Bizwire) – Last week, prosecutors began probing the $8-billion merger in 2015 between two Samsung affiliates – Samsung C&T and Cheil Industries – over the possibility that Choi Soon-sil, the center figure in Korea’s influence-peddling scandal, may have also been behind Samsung’s controversial deal.  The merger faced strong challenges from individual [...]

Korean Hedge Funds Attract the Rich

Korean Hedge Funds Attract the Rich

SEOUL, Aug. 5 (Korea Bizwire) — Hedge funds in Korea (private equity funds usually available to those with significant financial resources) are attracting wealthy investors – leading to a surging market. A hedge fund is an investment in a variety of assets, with limited regulations, that often generate higher returns than other investment products with similar [...]

S. Korean Brokerage Firms Face Growing Wave of Layoffs

S. Korean Brokerage Firms Face Growing Wave of Layoffs

SEOUL, Jan. 6 (Korea Bizwire) – South Korea’s securities industry faces an unabated wave of layoffs this year as brokerages strive to bolster their bottom lines and cut costs amid a bearish stock market and growing online stock trading, experts said Wednesday. Over the past several years, local securities companies have been trimming their workforces [...]

Korean Stock Firms’ Problematic Avoidance of “Sell” Recommendations Rising to the Surface

Korean Stock Firms’ Problematic Avoidance of “Sell” Recommendations Rising to the Surface

SEOUL, May 30 (Korea Bizwire) — Korean stock firms place much more emphasis on recommending their customers to buy stocks rather than sell them. According to the Korea Financial Investment Association and industry representatives on May 29, only 0.3 percent of the stock recommendations given by analysts from 33 Korean firms over the past year [...]

Upcoming Deregulatory Measure May Change Financial Industry Landscape

Upcoming Deregulatory Measure May Change Financial Industry Landscape

SEOUL, July 25 (Korea Bizwire) – Ahead of a measure to relax regulations on barriers between different financial services such as banking, securities, and insurance, responses are mixed. Some large financial service firms with operations across multiple areas welcome the announcement while those that are not big enough fret that the measure would change the industry landscape completely [...]

South Korea Online Trading Firm Uses IBM Flash to Speed Up Online Transactions

South Korea Online Trading Firm Uses IBM Flash to Speed Up Online Transactions

ARMONK, N.Y., Aug. 30, 2013 (Korea Bizwire) – Kiwoom Securities Co., Ltd., South Korea’s leading online financial institution, has turned to IBM (NYSE:   IBM) Flash technology to better manage its mounting data volumes and enable faster online trading to a rapidly growing customer base. Managing $2 billion in assets, Kiwoom is the largest online financial service provider in [...]