SK Securities completes acquisition of MS Mutual Savings Bank

SK Securities Co. Ltd. on Dec. 24 completed the acquisition of a 93.57% stake in MS Mutual Savings Bank.

The South Korea-based financial investment company paid 39.01 billion won in cash for the purchase of 4,319,284 common shares.

The deal announced in April was approved by the SK Securities' board and the Financial Services Commission.

As of Dec. 24, US$1 was equivalent to 1,186.51 South Korean won.