Mirae Asset to acquire Japanese brokerage Sanko

Mirae Asset Securities, a prominent Korean securities firm, has announced its intention to acquire Japanese brokerage Sanko Securities. This strategic move is aimed at expanding Mirae Asset's presence in the Japanese financial sector. The acquisition, valued at approximately 47.6 billion won ($35.6 million), will be completed by Mirae Asset Securities Holdings, the U.S. affiliate of the company.

The deal is expected to involve an investment of around 100 billion won into the U.S. affiliate, which will be utilized for expanding businesses in Japan.

Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.