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Woori to hire 15

Seoul's Woori Bank is to set up investment banking operations in Hong Kong next month.

Woori Global Markets Asia Ltd will provide various capital markets service offerings, and plans to hire 15 investment bankers with experience of global banking, the Korea Herald reports.

Hyun Sang-soon, executive officer and chairman of Woori's investment bank says the company will adopt a strict performance-based pay scheme.

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