Company History

With a legacy dating back to 1799, we have a history of demonstrating leadership during times of both economic growth and financial instability.

J.P. Morgan's presence in Korea dates back to 1967, when Chase Manhattan Bank became the first foreign bank to enter the market. Since then, it has expanded its business to include brokerage services and investment banking. Today, employees in the Seoul office offer an array of wholesale financial services across corporate and investment banking and asset management through three legal entities; J.P. Morgan Securities (Far East) Limited, Seoul Branch, JPMorgan Chase Bank, N.A., Seoul Branch, and JPMorgan Investment Advisors (Korea) Company Limited. The operations are located in J.P. Morgan Plaza, in the central business district, surrounded by the historic Deoksu Palace, Baejae Park and the Seoul Museum of Art.

J.P. Morgan is a leading foreign house for futures and options. It is one of the top three foreign houses for foreign exchange trading in terms of trading volume, and one of only three foreign investment banks with a Korean government bond primary dealership.

Major milestones in the firm's history in Korea:

  • 2011: J.P. Morgan Metals merges with J.P. Morgan Securities Seoul Branch.
  • 2010: J.P. Morgan Futures merges with J.P. Morgan Securities Seoul Branch to establish J.P. Morgan Metals.
  • 2008: J.P. Morgan Securities receives the Equity Derivatives OTC license.
  • 2007: J.P. Morgan Asset Management receives its license and business commences.
  • 1996: J.P. Morgan Futures is established.
  • 1995: Korean government approves J.P. Morgan Securities as the first foreign brokerage house.
  • 1991: J.P. Morgan Securities opens its Seoul branch.
  • 1967: Chase Manhattan Bank (a predecessor of JPMorgan Chase & Co.) establishes its local office as the first foreign bank to enter the market.
 

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