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Mirae Asset Securities names new CEOs

Mirae Asset Securities, Korea’s largest investment bank and securities firm, said Wednesday that it has appointed Vice Chairman Heo Sun-ho as CEO. He will lead the company’s sprawling business together with Vice Chairman Kim Mi-seob, whose appointment was confirmed earlier in October. With Heo’s appointment, which was approved at a board of directors meeting earlier on the day, the company has compl. ....

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FSC to ease regulations on local investment firms' overseas business

Financial authorities will seek to ease regulations imposed on overseas subsidiaries of local financial companies, in a move to strengthen local investment firms global competitiveness and outbound business growth. Korea s top financial regulator also plans to introduce a cornerstone investor system into the country s public offering process, which allows investors to be brought into a forthcoming IPO before a formal book-building process starts. ....

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