Samsung Securities to recruit 50 people in Hong Kong

Aug. 18, 2009 (China Knowledge) - Samsung Securities, the largest brokerage in terms of market value in South Korea, plans to recruit 50 people in Hong Kong by the end of 2009, sources reported.

Samsung Securities, which is in talks with at least three potential partners for a venture in mainland China, expects to start operations in Mainland China, Taiwan, Japan, Singapore and India through internal development or mergers and acquisitions, said CEO Park Chun Hyeon.

Park hopes to further develop its investment banking operations and to expand its presence in the Asian market over the next six years.

The company will focus on expansion in Asia, said Park, adding that it is important for the company to have a strong presence there, as it is much easier for the company to develop as an important global player through growth in the market.

Samsung Securities has invested an additional US$100 million in its Hong Kong unit, Samsung Securities Asia, so far this year.