(Reuters) - SEOUL, June 15 - Shares of South Korean
brokerages surged on Friday as a key committee backed a new law
the government hopes will trigger a "big bang" for its lagging
financial sector, spurring consolidation and luring in foreign
players.
The approval from the parliamentary finance committee
almost guarantees passage by parliament later this month of the
Capital Markets Integration Act, which is designed to give
brokerages a greater role in shaping the financial sector.
Read more at Reuters.com Government Filings News
brokerages surged on Friday as a key committee backed a new law
the government hopes will trigger a "big bang" for its lagging
financial sector, spurring consolidation and luring in foreign
players.
The approval from the parliamentary finance committee
almost guarantees passage by parliament later this month of the
Capital Markets Integration Act, which is designed to give
brokerages a greater role in shaping the financial sector.
Read more at Reuters.com Government Filings News
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