Goldman Sachs (GS) retreats from the South Korean investment management business, closing shop...

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

Goldman Sachs (GS) retreats from the South Korean investment management business, closing shop there 5 years after entering the hyper-competitive market. The news isn't great for ING, which is trying to find a buyer for its Asian investment management operations, of which South Korea is a part.