Koscom's 'KOSMOS Total Service' Gains Popularity Among Foreign Securities Firms

[Asia Economy Reporter Myung-Hwan Lee] Koscom's KOSMOS Total Service is gaining great popularity among foreign securities firms by emphasizing convenience.

According to Koscom on the 25th, the company launched the KOSMOS Total Service at UBS Securities Seoul Branch on the 7th. This is the second case following CGS-CIMB Securities last year, and it is unusual for foreign securities firms, which usually prioritize references and are slow to adopt new services, to actively adopt the service. The company explained that this is the result of proving the safety and performance of a foreign-exclusive web-based business platform that incorporates Koscom's high technological capabilities.

KOSMOS NEO, included in the Total Service, reflects the domestic account-level payment system and various settlement systems of foreign securities firms, automating payment processing with just a few clicks to maximize work speed and efficiency. Along with this, it provides a customer-friendly web platform with a simple and intuitive UI/UX focused on user convenience.

The KOSMOS service supports the entire corporate sales operations for foreign securities firms, including receiving, transmitting, and allocating global basket orders, optimal order placement, and settlement of executed orders. Currently, most global securities firms conducting domestic corporate sales are using it.

Hwang Sun-jung, Head of Koscom's Financial Business Division, stated, "The positive response from foreign clients means that our customer-centric strategy has been recognized by customers," and added, "We will contribute to the development, revitalization, and advancement of the domestic capital market by providing an efficient IT environment to global financial investment institutions newly entering Korea."

This content was produced with the assistance of AI translation services.