Samsung Securities Introduces Global Corporate 'Workplace WM Service'

From Corporate Stock Compensation to Investment, Tax Saving, and Retirement Pension All in One Stop

On the 25th, Samsung Securities announced that it will provide the 'Workplace WM Service,' a WM service for corporate employees. The 'Workplace WM Service' offers a one-stop comprehensive asset management service for corporate clients' employees, covering stock compensation management, financial planning, tax savings, and retirement pensions.

Similar services are already active overseas. Amazon supports employees' financial well-being through 'AMAZON Family Flex,' Google offers various compensation plans, pension (401K) support, and one-on-one financial coaching. Morgan Stanley provides the 'Morgan Stanley at Work' service targeting the growing market of employee financial welfare for corporate clients. The 'Morgan Stanley at Work' service has been a key driver of asset growth in Morgan Stanley's WM division over the past three years and is expected to be a high-growth asset management sector in the Korean market as well. In addition to Morgan Stanley, leading global securities firms such as Fidelity (Fidelity Workplace) and Goldman Sachs (Goldman Sachs Ayco) are focusing on employee financial welfare services as a long-term growth engine for their WM business and are expanding these services.

Samsung Securities has already led corporate sales in Korea by surpassing KRW 100 trillion in corporate client assets in 2021. It provides services to 24 domestic and international companies and 20,000 employees after contract signing. Services are offered not only to leading domestic platform companies but also to innovative companies listed overseas. In particular, Samsung Securities began managing stock compensation plans for a leading domestic game company in 2011 and has been leading the market for 13 years by providing 'foreign company stock compensation management' services. To date, stock compensation management for foreign corporations has served more than 10,000 employees and assets exceeding KRW 1 trillion. Currently, services cover the entire process from corporate-specific process design to actual stock trading for global IT companies and domestic companies in North America, Europe, Asia, and beyond.

Foreign company headquarters and employees receiving stocks who use the service through Samsung Securities cite the 'bulk deposit' solution as the most convenient service. Bulk deposit is a service where Samsung Securities handles the entire process on behalf of the company when it wants to open accounts and deposit stocks for employees eligible for stock grants in bulk. When domestic deposit procedures are conducted individually by employees, they must apply for overseas withdrawal and domestic deposit through overseas sites, mail, fax, or phone, which takes several days. However, with bulk deposit, Samsung Securities handles all procedures, greatly improving employee convenience and shortening the processing time to 1-2 days, resulting in high satisfaction among corporate managers. In addition to bulk deposit, specialized services such as mass account opening and non-face-to-face real-name verification, which allow multiple employees to work simultaneously, also show high satisfaction.

Furthermore, the scale of stock compensation conducted mainly by domestic companies through stock grants, stock options, RSUs (Restricted Stock Units), and ESPPs (Employee Stock Purchase Plans) is currently about KRW 6 trillion and is expected to grow about threefold by 2025 and about fivefold by 2027. Particularly, foreign companies and venture/startup companies have shown high interest in stock compensation services due to their strong need to attract talented personnel and motivate long-term employment, while large domestic companies have shown high interest in pension services for employees. Samsung Securities provides customized corporate services according to the segmented needs, scale, and characteristics of these companies.

First, to provide an 'Employee Financial Welfare Solution,' Samsung Securities has built a dedicated stock compensation management platform that domestic and overseas corporate employees and HR managers can easily use. This platform offers stock compensation plan design, management, and inquiry functions for all corporate employees and provides a comprehensive asset management package including a dedicated corporate homepage, customized employee education, tax/real estate consultation, and welfare benefits for corporate employees beyond stock compensation. In the future, it plans to upgrade to an integrated employee financial welfare platform that also includes personal and retirement pensions.

Samsung Securities leads corporate customer service based on total corporate services by providing customized asset management services through 12 corporate finance branches nationwide and operating CEO·CFO forums and the Next CEO forum for successor management training.

Meanwhile, Samsung Securities held a customer seminar on the 'Employee Financial Welfare Solution' yesterday at the Samsung Financial Campus in Seocho-dong, Seocho-gu, Seoul. About 300 corporate financial officers attended the event, which began with a welcome speech by Kim Seongbong, head of SNI/Corporate Strategy at Samsung Securities, followed by presentations on the 'Employee Financial Welfare Solution' service, global corporate financial welfare cases, stock compensation systems, corporate pensions, employee stock ownership, and workers' tax issues.

Kim Seongbong, head of SNI/Corporate Strategy at Samsung Securities, said, "We have strived to find efficient ways to provide comprehensive asset management services for corporate employee financial welfare," adding, "Through this 'Employee Financial Welfare Solution,' we will develop a service that meets the needs of both corporate managers who require stock compensation-related information and corporate employees who need asset management."

Samsung Securities has established a dedicated task force for the 'Employee Financial Welfare Solution.' The task force is composed of related personnel from Samsung Securities' domestic and international stock compensation, pension, and platform teams, centered on the SNI/Corporate Strategy division.

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