Prebon Yamane will hold a 40% interest in the new concern, followed by Kookmin Bank, Korea Development Bank, Hanwha Securities all 11%, Shinhan Securities 7%, Dongwon Securities 5%, Shinyoung Securities 4%, Kyobo Securities, Good Morning Securities, Pukook Securities and Daeyu Securities all 1%.
The Korean Ministry of Finance has been keen to encourage the establishment of IDBs, believing that their presence makes for a cleaner and...