Merrill Lynch expands in South Korea

After landing a full-scope derivatives license the bank announces new hires.

Merrill Lynch is building its Korea business.

For a start, the Seoul branch says it has received a full-scope derivatives license that will enable the firm to structure, trade, and sell a complete array of derivative instruments in the Korean market that are custom-designed to meet local and global market needs.

We are gratified to receive this new license as it underlines the public trust Merrill Lynch has established in Korea, says...

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