Samsung Securities to downsize branches on industrywide slump
Seoul - Yonhap
Samsung Securities Co., South Korea's top brokerage house by market capitalization, said Wednesday that it would close or consolidate its branches operating across the country, a move seen to help offset its falling profitability. Samsung Securities, the brokerage arm of the country's top conglomerate, Samsung Group, has been mapping out a plan to weather an industrywide slump, joining smaller rivals' moves to cut employees and reduce the number of branches.
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