Korea Investment Management Restructures: Securities Funds and MMF Divisions to Merge into Korea Investment Value Asset Management
Korea Investment Management Focuses on ETFs
Certain business divisions of Korea Investment Management, including its securities funds, will be transferred to Korea Investment Value Asset Management.
Korea Investment & Securities Headquarters Exterior. Korea Investment & Securities
View original imageOn August 27, Korea Financial Holdings announced that its two subsidiary asset management companies convened their respective board meetings on the same day and approved the signing of the split-merger agreement.
As a result, Korea Investment Management will spin off its securities fund and money market fund (MMF) business divisions and merge them into Korea Investment Value Asset Management.
The effective date of the split-merger is January 1 of next year.
The two asset management companies plan to hold an extraordinary general meeting of shareholders on September 11 to approve the split-merger.
Hot Picks Today
"Even New York Taxi Drivers Are Talking About the KOSPI; South Korean Market to Top 9,000 Again Within a Year"... 'Wall Street's Stock-Picking Ace' Names His Picks
- Gimbap Is a Huge Hit in the U.S.... Yet Disappearing from Menus in Korea
- Ran Gambling Site, Lived "Lavishly on the Run"... Caught After 10 Years
- “Suspending Activities Due to Pregnancy,” Then a Comeback Announcement That Seemed to Mock Fans... Controversy Over Chinese Idol, Here's Why
- 220 cm-Tall 26-Year-Old Woman Dies Less Than a Year After Giving Birth... Deadly Complications Hidden Behind 'Gigantism'
Korea Financial Holdings stated, "Prior to the split-merger, both Korea Investment Management and Korea Investment Value Asset Management are wholly owned subsidiaries of Korea Investment & Securities, and this status will remain unchanged even after the split-merger."
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.
