Running to stand still
In late December, Shinhan Financial Group de-listed Good Morning Shinhan Securities' shares and the last remnants of the old Good Morning Securities brokerage ceased to exist. But two years after Shinhan Financial Group took over the fiercely independent and well-respected brokerage house, the jury is still out as to whether Good Morning Shinhan Securities will be a success. Keri Geiger reports.
CONSIDERING THE MESS in the Korean broking industry, where up to
50% of the 44 domestic securities houses have, for the past few
years, posted losses, it's hard to image why any institution would
want to buy into a Korean broking house. But in June 2002, Korea's
Shinhan Financial Group, which controls
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