KB Securities Completes Indonesia 'Mujigae Classroom'... Improving Local Educational Infrastructure

KB Securities announced on the 26th that on the 20th, it held a completion ceremony for the overseas 'Rainbow Classroom' project at Lagoa Elementary School in Jakarta, Indonesia, together with its local subsidiary in Indonesia, KB Valbury Sekuritas.

Kim Sung-hyun, CEO of KB Securities (seventh from the left), executives and employees, Kusdiningsi Lagoa Education Foundation Chairman (eighth from the left), Angelina Thiodora, World Vision Indonesia President (ninth from the left), and other local officials are taking a commemorative photo after the completion ceremony of the KB Securities Rainbow Classroom.
[Photo by KB Securities]

This overseas Rainbow Classroom project selected Lagoa Elementary School and Selatan Elementary School, located in the slums of Jakarta, the capital of Indonesia, as the target schools for improving educational infrastructure. The project focused on creating child-friendly libraries and computer rooms, which are most needed by students in these underdeveloped educational environments.

In particular, along with repairing aging facilities, the project provided desks and chairs that were in short supply, completing facility improvements throughout the schools. Additionally, literacy and storytelling education, as well as competitions, were extensively conducted for the students.

The KB Securities Rainbow Classroom project is a representative social contribution initiative aimed at improving the educational and play environments for children both domestically and internationally. Reflecting KB Securities’ ESG (Environmental, Social, and Governance) management philosophy of nurturing future generations, the project began in 2009 and has completed a total of 21 Rainbow Classrooms in Korea and 11 overseas, including this one in Indonesia.

Since 2022, the Indonesia Rainbow Classroom project has been supported through close cooperation between KB Securities’ local subsidiary in Indonesia and the international NGO World Vision from the initial stages to completion, focusing on improving educational infrastructure and facilities.

KB Valbury Sekuritas, KB Securities’ local subsidiary in Indonesia, is a local securities firm acquired by KB Securities in 2022. It has strengths in brokerage and investment banking (IB) services. After the acquisition, it has focused on strengthening IT and digital capabilities, launching a new mobile trading system (MTS) in the first half of this year to enhance mobile competitiveness and acquire new customers. Based on the experience and know-how of the headquarters’ IB division, it newly established equity capital markets (ECM) and debt capital markets (DCM) teams to boost competitiveness in the IB sector and has continued to post profitable results in the first half of 2023.

KB Securities CEOs Park Jeong-rim and Kim Seong-hyun stated, "Creating an educational environment for future generations is a core value that KB Securities continuously pursues. We will seek out regions in need of support not only domestically but also overseas and promote various initiatives to create educational environments so that children and youth can grow as agents leading future changes."

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