Korea Investment & Securities, Attracts 6.2 Trillion KRW in Just Over a Year Since Opening 'Corporate PB'

[Asia Economy Reporter Koh Hyung-kwang] Korea Investment & Securities announced on the 30th that its 'Financial Center,' which provides comprehensive financial services to corporations, has attracted 6.2 trillion KRW in funds from more than 700 corporations in just 1 year and 5 months since its launch.

In February last year, Korea Investment & Securities established the Financial Center, a corporate PB branch, on the 2nd floor of its Yeouido headquarters, offering a one-stop comprehensive financial solution service by leveraging its corporate finance network and asset management capabilities. As a result, it attracted 2.7 trillion KRW in assets by the end of last year, opening the door to asset management services for corporations.

Starting this year, the company established the 'Financial Center Headquarters' under the Personal Customer Group and opened three additional Financial Centers in Gangnam, Gangbuk, and Yeongnam. Despite the financial market fluctuations caused by the COVID-19 pandemic, 3.5 trillion KRW in funds flowed in. Notably, about 700 billion KRW of the assets raised this year were the result of synergistic sales linked to collaboration with the IB department, including providing initial public offering (IPO) solutions, making this achievement particularly meaningful.

Kim Sung-hwan, Vice President and Head of the Personal Customer Group at Korea Investment & Securities, explained, "We have received positive responses by supporting not only customized asset management for corporations but also comprehensive corporate finance services such as IPOs, bond issuance, and paid-in capital increases, as well as major shareholder equity management, family business succession consulting, real estate, and tax advisory services." He added, "By consolidating the capabilities of the IB and PF divisions and enhancing synergy, we will provide differentiated services unique to the Financial Center and establish ourselves as a reliable financial partner that grows alongside our corporate clients."

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