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[Alpha Biz=(Chicago) Reporter Paul Lee] The National Pension Service has begun to select a securities firm to manage 137 trillion won worth of local stocks.
According to the financial investment industry on the 5th, the National Pension Fund Management Headquarters received social responsibility activity data from each securities firm to select a securities firm for trading domestic stocks in the first half of next year. The national pension plans to complete the selection process by the end of this year.
Earlier this year, the National Pension Service said it will reduce the number of local stock trading firms from 36 to 26 in the first half of next year.
Specifically, △1 grade 8→6 △ 2 grade 12→8 △ 3 grade 16→12 places will be reduced. The National Pension Service divides securities firms by grade and selects management securities firms from each grade. The higher the evaluation rating, the higher the contract amount of stock trading and the higher the commission.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
