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Korea's fund management firm opens rep office in HCMC
Korea Investment Management Co., Ltd has been licensed by State Securities Commission (SSC) to establish a representative office in Ho Chi Minh City.
The office will locate at the 7th floor of Diamond Plaza at 34 Le Duan Street in HCMC’s District 1, according to certificate No 01/UBCK-GCN issued by chair of State Securities Commission (SSC).
The new representative office will be put into operation under the authorization of Korea Investment Management Co., Ltd addressed at 27-1 Yeouido Yeongdeungpo-gu, Seoul 150-745, South Korea.
It will have operation period of five years, with main functions such as contacting and conducting market surveys, setting up cooperation projects in stock sectors in Vietnam, promoting and supervising the implementation process of signed contracts and agreements between foreign stock trading organizations and Vietnam's economic institutions.
IDG Ventures Vietnam, German Rebate Networks and Russian ru-Net have agreed to invest $60 million in the online commerce platform MJ Group.
MJ Group has been established based on the merger of 4 local internet companies including the online commerce platform nhommua.com, the location and navigation services provider diadiem.com , the application company Two.vn, and online media company Two Media.
MJ Group is the largest online commerce employer in Vietnam with almost 500 personnel in HCM City and Hanoi.
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