South Korea's Taurus Investment & Securities Co. Ltd. is in talks with prospective buyers after a deal with real estate developer Jinwon Engineering & Consulting Co. Ltd. fell through, The Financial News reported Oct. 4, citing an investment banking industry source.

The midsize brokerage reinstated top management under founder Chairman Sohn Bok-jo, who became CEO at a shareholders meeting held Oct. 4.

Former CEO Kang Seok-ho stepped down, taking responsibility for the aborted sale of a controlling stake to Jinwon ENC.