Lehman to offer onshore forex derivatives in Korea

Kim will oversee a team initially consisting of four in sales and trading, mainly brought in from the US investment bank's offices in Tokyo and Hong Kong.

The bank has applied for a licence to trade onshore derivatives in the centre, and hopes to receive it in December.

Kim's desk will target Korean corporates and will be primarily focused on interest rate derivatives. He declined to name the transferees, but sources close to the bank suggested they are Chuck Myong and Jae Yong Lee in Hong

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