Korea Exchange Bank has been issued a license by the Hong Kong authorities to act as an underwriter for securities.
It thereby became the first South Korean bank permitted to do so in Hong Kong.
Under the license issued by Hong Kong's Securities and Futures Commission, KEB Asia Finance Ltd. can assume the responsibility of distributing securities issues to the public.
KEB Asia Finance will be able to receive underwriting fees from their issuing clients and earn profit when selling.
"KEB has shown its leadership among South Korean banks in the global market," said Sohn Chang-Sup, CEO of KEB Asia Finance. "We will continue to expand our business and will provide an investment banking service that meets global standards."
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