Korea securities firms: Brokerage bonanza
Korean securities firms are building PE teams with a view to raising capital from third-party investors. There is government support for these efforts, but independent GPs aren’t worried about increased competition
Kiwoom Securities was established by Daou Kiwoom Group in 1999 as Korea’s only online brokerage. The firm is now using the profits from its stock trading business to expand into private equity. A captive...
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