Securities firms shake-up Korean wealth landscape

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From Archive 19 August 2011

By Elisa Trovato

Eun Jung Lim, Woori Investment & Securities

New rules have seen Korea’s securities firms join major banks in developing asset management capabilities, while the growth of funds looks set to continue

The South Korean wealth management space is heating up and has become more diversified and competitive recently. This is since securities companies, which until two years ago could only offer brokerage and investment banking services, were also allowed asset management capabilities by new regulations.

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Securities firms shake-up Korean wealth landscape

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