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Indonesia is emerging as a hub for major securities firms overseas business due to the country s economic and demographic potential. Brokerage houses here have long recognized the need to diversify their sales channels overseas amid toughening competition in the domestic market. Their revenue structures are also vulnerable to macroeconomic circumstances, as was shown by their steep earnings fall in 2022 amid then-freezing investor sentiment on the back of steep rate hikes. ....
Celebrating the 50th anniversary of diplomatic ties between Korea and Indonesia, Korean financial leaders from Korea s supervisory authority and private financial firms have vowed to strengthen financial cooperation and partnerships with the Southeast Asian country. ....
Financial Supervisory Service (FSS) Governor Lee Bok-hyun has emphasized the Korean financial market s enhanced market access as well as consistency in regulations for global investors during his overseas investor relations event held in Singapore on Tuesday. Lee has been on a five-day overseas visit to three Southeast Asian countries ― Thailand, Singapore and Indonesia ― since Monday, along with representatives of many Korean financial firms. ....