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Now, Samsung will guide you to pick the right stocks tied to North Korea

The move comes as Samsung Securities reels from a $105 billion blunder over dividend payouts

Min Jeong Lee | Bloomberg 

Samsung

Before the summit between North and South Korean leaders in April, Inc. came up with a list of stocks to buy should the countries decide to reunify.

Now, Securities Co. is going one better. Ahead of the historic meeting between and North Korean dictator in Singapore next week, the South Korean brokerage has set up a team to recommend stocks that are likely to benefit from rapprochement with the country’s northern neighbor.

“We’re the first brokerage in the industry to set up a team specializing in analyzing investments related to North Korea,” Securities said in a statement.

The move comes as Securities reels from a $105 billion blunder over dividend payouts, and as pushes for friendlier relations with the North.

This could be a new source of growth for South Korean companies, the brokerage said, while noting that individuals, pension funds and other institutional investors, both local and foreign, have been crying out for more information in this area.

At first, Samsung Securities will focus on South Korean If things continue to go well in the peace process, later it will also look -- with partners -- at Chinese and Japanese names, You Seung-min, a strategist at Samsung Securities who will lead the team, said in a phone interview from

First Published: Fri, June 08 2018. 13:08 IST
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