Headquarter of Korea Investment & Securities headquarters in Yeouido, Seoul (Korea Investment Holdings) Korea Investment Management and Korea Investment Value Asset Management are pursuing a spinoff merger.The two companies said in regulatory filings Thursday that their boards had separately approved a merger agreement.Under the agreement, Korea Investment Management will spin off its securities fund and money market fund businesses and merge them into Korea Investment Value Asset Management.The companies plan to hold an extraordinary general meeting on Sept. 11 to approve the spinoff merger. The merger is scheduled to take effect on Jan. 1, 2027.Both companies are currently wholly owned subsidiaries of Korea Investment & Securities. Their ownership structure is to remain unchanged following the merger.The companies said the timeline could change depending on shareholder and regulatory approvals.
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