Search results for UOB Kay Hian
Finance
Brokerages cut domestic branches and step up global push
South Korean brokerages are accelerating overseas expansion as mobile trading prompts further streamlining of domestic branches. As of end-2025, 16 firms operated 93 overseas outlets, up by 13 from a year earlier, while overseas subsidiaries’ net profit rose 67.8 percent. Domestic branches at the top 10 brokerages slipped to 438 as of March 31. Firms are widening foreign omnibus account services and building networks across the United States, Hong Kong, Southeast Asia and India.
Finance
South Korea stocks swing wildly as network separation rules ease
South Korean stocks remain highly volatile, with circuit breakers and sidecars triggered in turns as the won slides and authorities issue verbal warnings on speculative trading. Investors are watching the U.S. Federal Open Market Committee for signals on the rate path and currency moves. Interest in SpaceX’s listing is strong, though some Korean firms received no allocation. Household loans are rising again, prompting tighter controls, while AI adoption spreads across finance alongside growing security concerns.
Finance
Mirae Asset Securities launches foreign investor omnibus account service with Singapore brokerage
Mirae Asset Securities will launch a foreign investor omnibus account service in partnership with Singapore-based brokerage UOB Kay Hian, it said on Sunday. The service allows overseas investors to trade South Korean shares through their local brokerage systems without opening separate accounts in South Korea. Mirae Asset said the deal was led by its Singapore unit and expects it to improve market access for investors in Singapore and Southeast Asia. It plans to expand cooperation with other overseas financial institutions.