Societe Generale Corporate & Investment Banking (SGCIB) has been granted a financial investment business licence by the Republic of Korea’s Financial Services Commission in Seoul.
The licence will enable the bank to conduct financial investment dealings in securities, equity underlying exchange-traded derivatives and over-the-counter derivatives.
Go deeper with GlobalData
According to journal Asia Asset Management, the French bank will also conduct financial investment brokerage activities in securities and equity underlying exchange-traded derivatives.
These activities will operate under SG Securities Korea, a new locally incorporated subsidiary of SGCIB.
Hikaru Ogata, CEO of SGCIB for Asia Pacific, said: "This licence marks an important step for the bank in extending its service offering, and will allow us to fully support our clients’ growth ambitions in Korea."
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
