South Korea’s National Pension Service (NPS) has selected securities firms for their stock trading for the rest of the year.
Citing industry sources, Financial News reported on June 29 that NPS had announced the results of its selection of domestic stock trading securities firms for the second half of 2020.
According to the report, 37 companies including eight first-class companies, were selected as securities firms for general trading, eight for cyber trading and 18 for index trading respectively.
The first-class companies are as follows: six local firms – NH Investment & Securities Co, Meritz Securities Co, Mirae Asset Daewoo Co, Shinhan Investment Corp, Kiwoom Securities Co and Hanwha Investment & Securities Co – and two foreign companies, JP Morgan Securities and CGS-CIMB Securities.
Among them, Mirae Asset Daewoo and CGS-CIMB, which were second grade in the first half of this year, moved up to first, while in the case of Kiwoom and JP Morgan, they moved up two notches from third to first. (Reporting by Kyoungho Lee)