Arab Today, arab today regulator approves closure of moneylosing securities firm
Last Updated : GMT 21:25:08
Arab Today, arab today
Arab Today, arab today

Regulator approves closure of money-losing securities firm

Arab Today, arab today

Arab Today, arab today Regulator approves closure of money-losing securities firm

Seoul - Yonhap

The South Korean financial regulator Wednesday approved the business closure of a local investment and securities firm, the first such decision in nine years that shows the depth of the slump in the industry. The Financial Services Commission (FSC) said after a meeting that it endorsed the closure of Apple Investment & Securities, which logged a net loss of 7.1 billion won (US$6.64 million) in 2012.

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