Kiwoom_Securities

Kiwoom Securities

Kiwoom Securities

South Korean financial services company

Kiwoom Securities is a South Korean financial services company based in Seoul. Founded in 2000, the company managed US$38.1 billion in assets in 2022 and was ranked on the Forbes Global 2000 list. Kiwoom acts as a broker for both foreign and domestic stock exchanges and futures exchanges. The company additionally provides other financial services, such as investment, risk management, asset management, and investment strategy research.[2]

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History

Kiwoom Securities was founded on January 31, 2000, in Seoul. On March 15, 2001, Bong-soo Kim, one of the company's founders and the eventual chairman of the Korea Exchange, was appointed as chief executive officer and president. On April 23, 2004, Kiwoom become a public company and posted its initial public offering on the KOSDAQ market.[3]

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

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

References

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