MutualFundWire.com: Morningstar Continues International Expansion

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Thursday, June 15, 2000

Morningstar Continues International Expansion

Nobody can be all things to all people, the old saying goes.

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But Chicago's Morningstar is doing its darnedest to prove the saying wrong, with today's announcement of the formation of Morningstar Korea. The new company follows closely on the heels of the formation of Morningstar Asia and Morningstar Europe, both announced in the last 30 days.

The new company will basically provide the same sort of fund data, news, and tools that Morningstar provides for its US clients, but customized to Korea's products and markets. The venture will be capitalized by a $2.25 million investment by Softbank and a $4.5 million investment by Korea-based Shinheung Securities.

Printed from: MFWire.com/story.asp?s=25809

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