The publication added that the South Korean brokerage firm, which held talks with leading Indian brokerages, will now revisit its plans only in 2015.
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The firm, which has been looking to increase presence in South Asia through organic growth and acquisitions, will focus on the greater China region, including Singapore and Taiwan, the publication quoted an official as saying.
The India plan was put on the backburner as global markets went into a tailspin, a person familiar with the matter told The Economic Times.
The firm’s talks with Indian promoters regarding a potential partnership fell through because of a disconnect over pricing and valuations, the report added.
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