Shinhan Investment & Securities said on Apr. 1 that it expanded and reorganized its research division to support productive finance.
In this reorganization, the former single Corporate Analysis Department was restructured into Corporate Analysis Department 1 and Corporate Analysis Department 2, and an Innovation Growth Team was set up within Corporate Analysis Department 1 to broaden coverage of productive finance and innovation growth corporations.
The Innovation Growth Team plans to analyze promising KOSDAQ and unlisted investment corporations, and to strengthen analytical capabilities, it will concentrate and add second- and third-year analysts. In particular, the research division plans to expand the number of covered stocks to 400, including KOSDAQ (no target price presented).
Earlier, on the 16th, Shinhan Investment & Securities published a blue book that closely analyzed the global competitiveness of Korea's key growth industries in relation to productive finance. The research division regularly publishes a series of reports on the Korea-style Business Development Company (BDC) and is conducting introductions to BDCs.
Lee Byunghwa, head of Corporate Analysis Department 1 at Shinhan Investment & Securities' research division, said, "Focusing on the Innovation Growth Team, we plan to analyze KOSDAQ ventures, corporations eligible for BDC investment with a market capitalization of 200 billion won or less, and promising unlisted investment corporations."