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Kiwoom Securities

From Wikipedia, the free encyclopedia
South Korean financial services company
Kiwoom Securities
Company typePublic
IndustryFinancial services
FoundedJanuary 31, 2000; 25 years ago (2000-01-31) inSeoul, South Korea
Headquarters
Seoul
Key people
Hyun-soon Hwang
(CEO)
RevenueIncreaseUS$2 billion(2022)[1]
AUMIncrease US$38.1 billion(2022)[1]
Number of employees
941[1] (2022)
ParentDaou Technology Inc.
Websitekiwoom.com

Kiwoom Securities is a South Koreanfinancial services company based inSeoul. Founded in 2000, the company managed US$38.1 billion in assets in 2022 and was ranked on theForbes Global 2000 list. Kiwoom acts as abroker for both foreign and domesticstock exchanges andfutures exchanges. The company additionally provides other financial services, such as investment,risk management,asset management, andinvestment strategy research.[2]

History

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Kiwoom Securities was founded on January 31, 2000, inSeoul. On March 15, 2001, Bong-soo Kim, one of the company's founders and the eventual chairman of theKorea Exchange, was appointed aschief executive officer and president. On April 23, 2004, Kiwoom become apublic company and posted itsinitial public offering on theKOSDAQ market.[3]

In November 2018, Kiwoom signed a five-year,10 billion (US$9.5 million) contract to acquire the naming rights for theKBO League's Seoul-based Heroes baseball team, officially renaming it as theKiwoom Heroes for the 2019 season.[4]

In May 2023, theFinancial Supervisory Service began an investigation of Kiwoom for alleged acts ofstock manipulation. News of the investigation caused Kiwoom's stock price to fall.[5]

References

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  1. ^abc"Kiwoom Securities - Company Overview & Statistics".Forbes. RetrievedJuly 6, 2023.
  2. ^"Kiwoom Securities Co, Ltd. - Company Profile & Facts".Yahoo! Finance. RetrievedJuly 6, 2023.
  3. ^"History".Kiwoom Securities. RetrievedJuly 6, 2023.
  4. ^Yoo, Hee-jo (January 15, 2019)."Baseball club unveils new uniform, logo under new sponsorship".Yonhap News Agency. RetrievedJuly 6, 2023.
  5. ^Lee, Min-hyung (May 4, 2023)."FSS to investigate Kiwoom Securities for stock manipulation".The Korea Times. RetrievedJuly 6, 2023.
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