South Korea’s Samsung Securities Co. became first in the financial sector to install a desk devoted to capital investment in North Korea as Korean companies gear up for opening in the reclusive state after a landmark nuclear deal in the wake of a summit between Washington and Pyongyang next week.
The brokerage house said it set up a North Korea team in the research division to study comprehensive mid to long-term investment prospects in North Korea.
It will work with its strategic partners - CITIC Securities of China and Vietnam’s Ho Chi Minh City Securities - to study the communist states’ opening and liberalization models and applications on North Korea, the company said.
By Han Ye-kyung and Lee Ha-yeon
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