Samsung Securities in Tokyo

Leading securities firm to engage in IB and retailing as Korean economic turnaround is fastest among OECD members

Samsung Securities Co. opened its branch in Tokyo on April 13 in a ceremony at the T-Cube building in the Roppongi District with a number of dignitaries attending from both Korea and Japan including Korean Amb. to Japan Kwon Chol-hyun; Chairman Nobuyuki Koga of Nomura Securities Co.; President Atsushi Yoshikawa of Nomura Asset Management Co.; and CEO Park Chun-hyeon of Samsung Securities, officials of Samsung Securities said.
The Samsung affiliate opened its branch in Tokyo to tap Japanese investors including institutional investors who would be interested in investing in Korean securities since Korea has been acknowledged as the fastest recovering economy from the global economic slump among the OECD member countries. Korean firms will be listed on the MSCI index, which will attract conservative Japanese investors who wish to expand their investments in the Korean stock market. Nomura Asset invested a total of 250 billion won worth of funds in Korean securities since September last year.
CEO Park, in his opening speech at the ceremony, said Samsung Securities with a wide-ranging knowledge of the Korean stock market, would be a great partner for Japanese institutional investors. The new branch will try to expand its operations in the areas of investment banking and retail operations in Japan in its initial stages
CEO Park said the Tokyo branch will be the base of the company’s triangular business network linking Seoul, Shanghai and Tokyo, which is setting the stage for the company’s further advancement of its overseas operations.
The Tokyo branch will be headed by Manager Min Kyung-sae and five staff from the home office and will have more staff as it expands its operations. The T-Cube building, in which it is located, houses such world-renowned firms as Goldman Sachs and Morgan Stanley.
Samsung Securities opened a wholly-owned subsidiary in Hong Kong last August to manage its investment banking operation and managed an IPO for the first time as a Korean securities firm in Hong Kong. In addition, the company is in the middle of talks with a Chinese partner to set up a joint venture securities firm in China and launch its operations on the Chinese mainland soon.
Park said the company’s vision is to become a Global Top 10 financial leader on the foundation of its strong value-oriented business portfolio, its commitment to customer service, as well as its advisory and execution services that are grounded in core competencies. Samsung Securities strives to live-up to the standard that has made its brand trusted worldwide.
In the CEO’s message on the company’s Internet page, he said the saying “competition knows no borders” is taking on a new meaning in the financial industry in this day and age.
Now, the company is seeing a disappearance of boundaries between different financial businesses with the enactment of the Capital Market Consolidation Act. Under this, phenomenal backdrop, Samsung Securities has proclaimed its vision to become one of the top 10 financial services companies in the world by 2020.
Park said the company is strengthening its business portfolio to focus on services that bring more value to its customers. “We at Samsung Securities have one purpose in common and that is to deliver real value to our customers,” he said.
The Vision for 2020 is evident in its commitment to bringing its talent, technology, and management to world-class levels.
Samsung Securities will compete head to head with long established financial powerhouses in the global market and provide financial solutions to customers worldwide for their financial needs. It aims to be a company respected by its customers, shareholders and employees with total capital of 15 trillion won and annual revenues of 10 trillion won, the minimum amount to acquire a rival company when opportunities arise. nw

A number of dignitaries cut the tape at a ceremony to open the Tokyo branch of Samsung Securities at the T-Cube building in Roppongi District in Tokyo on April 13. The dignitaries included Korea Amb. Kown Chol-hyun to Japan, Chairman Nobuyuki Koga of Nomura Securities Co., and President Atsushi Yoshikawa of Nomura Asset Management Co., and President Park Chun-hyeon of Samsung Securities Co. (below photo).