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South Korean brokerages on the way to dominate the market
09:18 | 23/12/2020
A trading room at KIS Viet Nam Securities Co. - VNA/VNS Photo Tran Viet
On September 17, Asam Asset Management completed acquiring 65 per cent of capital at SJC Securities for VND6,000 per share.
The South Korean firm was estimated to have spent VND80 billion on the share purchase, which then helped it hold 80 per cent of capital at the local firm.
After the deal, the number of South Korea-invested securities firms in Viet Nam reached eight – half of all active foreign brokerages in Viet Nam.
Of the top 10 brokerages with the largest charter capital in Viet Nam, three come from South Korea – Mirae Asset, KIS Viet Nam and KBSV. ....

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