[2010/02/10]

Koscom established a strategic alliance with Vanguard Inc. for financial IT business in Vietnam

Koscom, a leading IT solution provider in the capital market and financial investment industry, announced on February 10 that it has established a strategic alliance with Vanguard Inc. to advance into the financial IT solution market in Vietnam.

As a financial IT solution company with expertise in Vietnam market, Vanguard Inc. is an associate company of Golden Bridge Finance Group and has actively supported the company to enter into Vietnam's IT sector.

By establishing a branch in Vietnam in 2006 and taking over local securities firm, Golden Bridge Finance Group is aggressively pushing ahead with Vietnamese market advancement.

Executive director Yun, Seok Dae expressed high hopes for the incredible level of synergy effect that the partnership between Vanguard Inc. with a firm foothold and experience in Vietnam and Koscom, a financial IT solution leader would bring about.

Meanwhile, the partnership will serve as a good chance for Ksocom to be a leading financial IT solution provider dominating the Vietnamese capital market as it has already participated in the modernization project for Vietnamese securities market with KRX, a parent company of Koscom. (The End)