Financial regulator inspects Mirae Asset Daewoo

SEOUL, Oct. 15 (Yonhap) -- The Financial Supervisory Service (FSS) said Monday it has launched an inspection of Mirae Asset Daewoo Co., one of South Korea's major brokerages, as part of its regular probes into firms.

The examination, set to end Nov. 6, will look into Mirae Asset Daewoo's investment risks, financial soundness and internal control system, FSS officials said.

Mirae Asset Daewoo reported an operating profit of 213 billion won (US$188 million) in the second quarter of this year, up 21.8 percent from the same period last year.

So far this year, the FSS has conducted regular inspections at Korea Investment & Securities Co. and NH Investment & Securities Co.

kdh@yna.co.kr
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