Local brokerages beef up preparations for omnibus accounts amid KOSPI surge

South Korean brokerages are seeking partnerships and expanding infrastructure for foreign omnibus accounts to attract more foreign investors, who have been instrumental in fueling the recent tech rally that pushed the country's benchmark index to unprecedented levels. According to financial sources on Saturday, Samsung Securities Co., a major domestic brokerage, has recently partnered with Interactive Brokers LLC., a global online brokerage platform, and started a pilot service of its foreign om

By The Korea Herald