South Korea's Hanwha Life to acquire majority stake in U.S.-based Velocity Clearing, allowing both companies to target global markets
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Hanwha Life, a South Korean insurance company, is set to acquire a 75% stake in Velocity Clearing, a U.S.-based financial services firm. This marks the first time a Korean insurance company has acquired a controlling interest in a foreign brokerage firm.
November 20, 2024 | 2:15 pm
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NEUTRAL IMPACT
Hanwha Life's acquisition of Velocity Clearing does not directly involve Target Corporation (TGT), but the mention of TGT in the hint suggests a potential indirect interest or relevance.
The article does not mention Target Corporation (TGT) directly. The hint suggests a possible indirect connection, but no direct impact on TGT's stock price is evident from the acquisition news.
CONFIDENCE 50
IMPORTANCE 10
RELEVANCE 10