“Economic growth has remained sluggish despite multiple rate cuts, which indicates the limited effects the cuts have had,” said Shin Hong Sup, a fixed-income strategist in Seoul at Samsung Securities Co., South Korea’s second-biggest brokerage by market value.
Refer to the input text as context and select the correct relationship between 'Samsung' and 'Seoul' from the available options.
Options: parent organization, distributed by, location of formation, stock exchange