Samsung Securities Said to Close Most of Hong Kong Unit
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Samsung Securities Co., South Korea’s largest brokerage by market value, plans to close some of its overseas businesses, said three people with knowledge of the matter.
The company will shut equity sales and research operations in Hong Kong, said the people, who declined to be identified because the plan hasn’t been publicly announced. It wasn’t immediately clear how many jobs will be eliminated, the people said. Samsung Securities will also withdraw from Singapore, where it has five employees, one person said.