Foreign firms enter Korean securities industry

Restructuring and liberalization of the financial sector bring two opportunities for foreign investors.

Agreements announced this week will see foreign investors take a controlling interest in two Korean securities companies ûáIleun Securities and Hyundai Securities. And although the size of these deals are markedly different, they both result from a need for cash by conglomerates trying to restructure their finances and government bodies bailing out banks.

A group led by American International Group AIG and W L Ross have proposed to increase their investment in three financial units, currently controlled by the...

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