Im Jae-taek, CEO of Hanyang Securities, "New Year's goals are to surpass 500 billion KRW in equity capital and uphold integrity"

Expecting Snowball Effect from Capital Expansion
Presenting 'Morality' as 1-Inch Competitiveness

[Asia Economy Reporter Hwang Yoon-joo] Lim Jae-taek, CEO of Hanyang Securities, set a goal for 2023 to surpass KRW 500 billion in equity capital and emphasized morality. This is interpreted as a declaration of intent to leap forward as a securities firm with both performance and reputation.

In his New Year's address, CEO Lim stated, "2023 will be the year we surpass KRW 500 billion in equity capital."

He explained, "The equity capital doubled in a period less than one-twelfth of the time it took to reach KRW 200 billion," adding, "When equity capital reaches KRW 500 billion, the feeling in the hands of the CEO holding the helm changes."

CEO Lim expressed confidence, saying, "We also expect a snowball effect arising from the enhanced capital strength. Compared to about four years ago, the growth rate of the pie will be three to four times faster with the same effort."

He continued, "If we demonstrate high concentration in 2023, we will face a phase where the energy condensed last year will be greatly released. If the snowball effect joins in, the explosive power will be tremendous."

Secondly, he mentioned qualitative growth. He predicted, "The competitiveness and organizational strength of the trading sector, which has served as a cash cow, and the real estate project financing (PF) sector will be further strengthened. Considering that the traditional IB sector will also contribute, we expect to achieve better-than-targeted strong performance in 2023."

Lastly, he emphasized dignity. CEO Lim had previously underscored the importance of a "well-mannered organization" in this year's New Year's address. He said, "The dignity of Hanyang Securities will rise to another level," and reiterated, "What determines dignity is uniqueness and morality."

He declared, "For Hanyang Securities to become an organization with the highest dignity, we must create a one-inch competitive edge, that is, 'something unique to us.' We must leap forward as the most moral securities firm in the Korean capital market."

He added, "Clearly, the market trends and economic currents have not changed from last year, but our mindset, expectations, and vitality have greatly changed. Hanyang Securities is ready to possess the high concentration needed to navigate the turbulent currents, crises, and rough roads of 2023."

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