South Korea's Hanwha Life to acquire majority stake in U.S.-based Velocity Clearing, allowing both companies to target global markets

Written by PR Newswire

Milestone transaction will mark the first time a Korean insurance company has acquired a controlling interest in a foreign brokerage firm

SEOUL, South Korea and NEW YORK, Nov. 20, 2024 /PRNewswire/ -- Hanwha Life, South Korea's first life insurance company, today announced it has agreed on the 18th to acquire a 75% stake in the parent of Velocity...

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