South Korea's BNK Financial Group Inc. will inject 200 billion won into BNK Securities Co. Ltd. as part of a business growth strategy for the unit.
As part of the plan, the group will purchase 4 million shares of BNK Securities. The transaction will take effect March 5, according to a filing.
BNK Securities reported net income of 1.9 billion won in 2017, down from 9.4 billion won in 2016, according to the filing.
As of Feb. 28, US$1 was equivalent to 1,082.07 South Korean won.
