Final hurdle cleared for merger of Mirae Asset Securities, Mirae Asset Daewoo
Nov 4, 2016
The last hurdle has been cleared to allow a merger that will create South Korea's largest brokerage firm, as the companies' shareholders approved the deal Friday. In April, Mirae Asset Securities, the brokerage unit of the Mirae Asset Financial Group, acquired a 43 percent stake in KDB Daewoo Securities Co. from the state-run Korea Development Bank in a deal worth 2.32 trillion won ($2 billion).The group changed the name of KDB Daewoo Securities into Mirae Asset Daewoo later that month. On Frida