 CEO Hwang Sung-ho |
Woori Investment & Securities is set to become a player in Asia's regional financial markets, expanding its business overseas.
"Within the year, we plan to integrate the research center in Beijing and a liaison office in Shanghai into a consultative body, and it will work in line with the investment bank (IB) team in Korea to invigorate business in China," Woori Investment CEO Hwang Sung-ho said in a press conference, marking the first anniversary of his inauguration in Seoul, Tuesday.
The 56-year-old said that the soon-to-be-built local subsidiary would part of the IB department and it would prepare an initial public offering (IPO) - the act of selling shares in a company for the first time - after recruiting local employees.
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