KB Securities Signs Partnership Agreement with Japan's SMBC Nikko for IB Business Collaboration

[Asia Economy Reporter Oh Ju-yeon] KB Securities announced on the 14th that it signed the 3rd business partnership agreement with Japan's SMBC Nikko Securities on the 30th of last month, focusing on strengthening mutual cooperation in the IB business, and held a video conference on the 13th of this month with executives from both companies to enhance collaboration in DCM, ECM, and M&A businesses.

SMBC Nikko Securities is a leading large-scale securities firm in Japan with total assets of approximately 120 trillion KRW, capital of about 9.2863 trillion KRW, and assets under management (AUM) of around 743 trillion KRW. It is a securities subsidiary of SMBC Financial Group, which has an alliance relationship with KB Financial Group.

Since their initial business partnership in 2011, the two companies have conducted mutual cooperation through regular exchanges such as holding collaborative seminars while traveling between the two countries annually. After revising the partnership agreement in 2013, the current agreement aims to strengthen mutual cooperation for the globalization of the DCM sector.

In addition to existing M&A and IPO-related ECM, both companies expect to strengthen their respective business divisions and cooperative relationships in the DCM market through mutual client introductions and joint participation as lead underwriters.

During the video conference, executives from both companies agreed that the Asian markets, including Korea and Japan, will lead the growth of the global capital market after the COVID-19 pandemic. They also agreed to overcome COVID-19 and strengthen global cooperation centered on the Asian emerging markets through collaboration not only in the DCM business but also in ECM and M&A markets.

Kim Sung-hyun, CEO of KB Securities, stated, "Through this business partnership agreement, KB Securities, as a leading company in Korea's financial market DCM, will take this opportunity to leap forward in the Japanese and overseas global markets based on cooperation with Nikko Securities."

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