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2 clusters · 5 sources · 7 days · First seen · Last updated

Samsung Securities expansion in South Korean finance

Overview

Samsung Securities has received authorization from the Financial Services Commission to conduct short-term finance business, specifically the issuance of promissory notes. This expansion allows the firm to raise funds up to 200% of its equity to bolster its investment banking and corporate finance operations.

Following this approval, Samsung Securities officially entered the promissory note market, becoming the eighth securities firm in South Korea authorized to issue these short-term instruments. The entry into this sector follows a nine-year pursuit by the company. The expansion of the market to eight providers is expected to increase competition among securities firms, with some existing players already adjusting interest rates to maintain market share.

Entities

Samsung Securities · Financial Services Commission · Korea Financial Investment Association · NH Investment & Securities

Timeline

  1. [BUSINESS] 2 sources
    Samsung Securities enters promissory note market

    Samsung Securities has joined the South Korean promissory note market after receiving regulatory approval, increasing the number of authorized issuers to eight and intensifying interest rate competition.

  2. [BUSINESS] 3 sources
    South Korean financial markets see Samsung Securities expansion and rising bond spreads

    Samsung Securities has been authorized to conduct short-term finance business, while South Korean corporate bond spreads widen amid concerns over short-term market liquidity and seasonal fund demand.

Sources

imaeil.com · sateconomy.co.kr · seoul.co.kr · sisajournal.com · tokenpost.kr