Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Korean labor force to shrink by 10 million by 2044: report

    Korean labor force to shrink by 10 million by 2044: report
  2. 2

    [AtoZ Korean Mind] Does your job define who you are? Should it?

    [AtoZ Korean Mind] Does your job define who you are? Should it?
  3. 3

    Allegations surrounding BTS resurface, enraged fans demand apology

    Allegations surrounding BTS resurface, enraged fans demand apology
  4. 4

    Students with history of violence will be barred from becoming teachers

    Students with history of violence will be barred from becoming teachers
  5. 5

    Top prosecutor pledges 'speedy, strict' probe into first lady's luxury bag allegations

    Top prosecutor pledges 'speedy, strict' probe into first lady's luxury bag allegations
  1. 6

    'Super Rich in Korea' will leave viewers appreciating Korea more: producers

    'Super Rich in Korea' will leave viewers appreciating Korea more: producers
  2. 7

    Medical feud leaves hospitals in financial crisis

    Medical feud leaves hospitals in financial crisis
  3. 8

    'Queen of Tears' riding high on Netflix chart

    'Queen of Tears' riding high on Netflix chart
  4. 9

    Samsung mocks Apple over iPhone alarm glitch

    Samsung mocks Apple over iPhone alarm glitch
  5. 10

    Chip up cycle won’t stay long: SK chief

    Chip up cycle won’t stay long: SK chief
소아쌤

Samsung Asset Management to set up two subsidiaries

By 최희석

Published : Aug. 19, 2016 - 18:23

    • Link copied

[THE INVESTOR] Samsung Asset Management is to establish two spinoff subsidiaries on Jan. 1.

Samsung Asset Management said on Aug. 19 that the move is aimed at increasing the efficiency of its businesses.



One of the subsidiaries tentatively named Active Asset Management will be established with 30 billion won (US$ 26.76 million) capital, and it will specialize in collective investment and investment consultations, the company said. 

The other subsidiary, tentatively named Hedge Asset Management, will have capital of 10 billion won, and focus on hedge funds.

By Choi He-suk (cheesuk@heraldcorp.com)

More from Headlines