Korea Securities Finance said on the 10th that it held a launch ceremony for its first overseas branch, the Hong Kong subsidiary. The Hong Kong office, which opened in the second half of 2024, has now been converted into a Hong Kong subsidiary.
About 60 local financial market officials attended the launch ceremony, including employees from roughly 30 institutions such as the Consulate General of the Republic of Korea in Hong Kong, Hong Kong Exchanges and Clearing, and Hong Kong-based financial companies.
At the launch ceremony, President Kim Jeong-gak of Korea Securities Finance emphasized, "Through the Hong Kong subsidiary, we will substantially support domestic securities firms' overseas businesses and actively back the globalization of the capital market."
Acting Consul General Cheon Seong-hwan of the Consulate General of the Republic of Korea in Hong Kong also congratulated the launch of the securities finance Hong Kong subsidiary, saying, "As Hong Kong is Asia's leading financial hub, I hope that cooperation among domestic financial institutions will expand support for our financial companies' overseas businesses."