Brokerages expand investment banking on increased M&A activity
Jul 13, 2016
[THE INVESTOR] Investment banking at local brokerages grew more than 41 percent from 2013 to 2015, with volume reaching 158.5 trillion won (US$137.65 million) last year, according to a local think tank. A recent rise in merger and acquisition deals involving South Korean firms was cited as one of the main drivers behind the growth. The Korea ExchangeIn 2013, brokerages engaged in 112.17 trillion won worth of investment banking, but the figure expanded by 41.3 percent, said the Korea Capital Mark