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[Alpha Biz=(Chicago) Reporter Paul Lee] The National Pension Service plans to reduce and select local stock trading securities firms. Small and medium-sized securities firms in Korea seem to be worried that the selection of trading firms will fail. In particular, there are concerns about reducing manpower at research centers called the flowers of securities firms in the past.
According to the financial investment industry on the 7th, the National Pension Service Fund Management Headquarters plans to select domestic stock general trading securities firms from 36 to 26. Specifically, it will be reduced from 8 companies in the first grade, 12 companies in the second grade, and 16 companies in the third grade to 6 companies in the first grade, 8 companies in the second grade and 12 companies in the third grade, respectively.
Cyber trading securities firms will be reduced from seven to six and index trading securities firms from 18 to 15. The evaluation criteria are also different. The National Pension Service is expected to expand the allocation of ESG (Environmental, Social and Governance) and look at the liquidity level of securities firms.
Currently, the National Pension Service is delivering detailed plans to each securities firm and is expected to take effect as early as the first half of next year. An official of the National Pension Service said, "We cannot confirm the details."
Earlier in the first quarter, Hana Securities, Yuanta Securities and Yuhwa Securities were excluded from the list of local stock trading securities firms. Hana Securities and Yuanta Securities were also excluded from the list of domestic bond trading securities. However, Hana Securities and Yuanta Securities resumed trading with the National Pension Service in the second quarter.
AlphaBIZ 폴 리(hoondork1977@alphabiz.co.kr)
