FG Solutions International Soon To Open New Branch Office In Korea
FG Solutions International, a global leading provider of both traditional and electronic commodity brokerage and foreign exchange trading services, is set to open its fourth Asian Region's branch office in Seoul, Korea.
- (1888PressRelease) June 16, 2011 - The soon-to-be launched Seoul-based branch office which is expected to operate before the third quarter ends, will facilitate and attempt to discover new and potential business development opportunities in the fast-growing foreign exchange industry of Korea. The new branch office in Korea is part of the firm's global expansion program. It has already successfully opened branch offices in Singapore, Japan and Shanghai, China.
"Our value proposition for potential trading partners in Korea is our enormous experience serving high-level retail traders with our proven and time-tested forex trading technology and systems that offer excellent trading execution and clearing services," commented Craig Collins, FG Solutions International's Chief Operating Officer.
According to the reports provided by the Financial Service Commission of Korea, South Korean traders and investors of foreign exchange margin trading has tremendously increased over the past years, with estimated 330 trillion won traded in the first five months of 2009. Prior records showed that it has recorded 450 trillion traded won for the entire 2008 while only 60 trillion traded won in 2007. In reaction to this impressive forex trading growth, the Korean Financial Service Commission has recently published new guidelines for foreign exchange margin which are aimed at enhancing the security and protection of the investors which also include a 5 percent margin requirement as well as reporting and disclosure requirements.
"Our commodity and brokerage firm and its affiliates are internationally regulated by top international regulators in US, Europe and Asia, the very first reason why we can provide trading services to over 130 countries worldwide," explained Collins.
"For this reason, we are very familiar doing businesses in highly-regulated marketplaces worldwide and therefore can assist Korean traders and investors in developing their investment objectives. Our trading service is fully localized and complied with the local regulation of Korean marketplace added Collins."