Business Day

Mirae Asset to cut 50% of jobs


Mirae Asset Securities, the brokerage affiliate of South Korea’s second-largest money manager, will eliminate half of its 38 jobs in Hong Kong after stock trading fell. The timing of the cuts is yet to be determined, Choi Jong Hyun, a spokesman for the firm, said yesterday. Average daily turnover by value on the Hong Kong exchange fell 23%, according to data.

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