Korea Investment Holdings, the parent company of Korea Investment & Securities, has established an investment advisory subsidiary in Japan.
Korea Investment Holdings on 18th disclosed via the Financial Supervisory Service's electronic disclosure system that it will newly establish KIH Advisor Japan, a subsidiary engaged in investment advisory services in Japan.
The new subsidiary will be established with capital of 471 million won, and the equity will be 100% owned by Korea Investment Holdings. Its main business is investment advisory services.
The establishment of the subsidiary is seen as aimed at expanding in the local Japanese market. A company official said, "The establishment of the subsidiary is to strengthen product sourcing capabilities in the local Japanese market," adding, "We will start on a small scale first."