samsung securities to downsize branches on industrywide slump
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Samsung Securities to downsize branches on industrywide slump

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Arab Today, arab today Samsung Securities to downsize branches on industrywide slump

Seoul - Yonhap

Samsung Securities Co., South Korea's top brokerage house by market capitalization, said Wednesday that it would close or consolidate its branches operating across the country, a move seen to help offset its falling profitability. Samsung Securities, the brokerage arm of the country's top conglomerate, Samsung Group, has been mapping out a plan to weather an industrywide slump, joining smaller rivals' moves to cut employees and reduce the number of branches.

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