KB Securities seeks to sell Hyundai Asset Management SEOUL , Feb . 27 ( Yonhap ) -- KB Securities Co . , a major South Korean brokerage firm , is pushing for the sale of an asset management unit , industry sources said Monday . KB was born through a merger of Hyundai Securities Co . and KB Investment & Securities Co . early this year . KB also absorbed Hyundai Asset Management as an affiliate . KB initially considered retaining the asset management company , which is known for real estate and special asset management , in tandem with KB Asset Management Co . , according to the sources . But it has reversed its decision and begun work to sell off the firm , they added . KB officials said no final decision has been made yet . " Currently , various options are being reviewed inside the group . No decision has been fixed yet , " a company official said . " A decision will be made soon in comprehensive consideration of market conditions , synergy and our group ' s strategy on asset management business . " lcd @ yna . co . kr ( END )