Kiwoom Securities, CITIC CLSA Collaborate Globally

Kiwoom Securities announced on the 29th that it signed a "Business Agreement for Global Business Cooperation" with CITIC CLSA Securities at its office building in Yeouido, Seoul, on the previous day (28th).

Eom Ju-seong, CEO of Kiwoom Securities (left), and Jang Yoo-jun, Chairman of CITIC Securities, are posing for a commemorative photo on the morning of the 27th at the Kiwoom Securities building in Yeouido, Seoul. (Provided by Kiwoom Securities)

The signing ceremony was attended by Kiwoom Securities CEO Eom Ju-seong and Li Chunbo, Chairman and CEO of CITIC CLSA, among others.

Through this agreement, both companies agreed to establish a global cooperative relationship in various fields, including cooperation in IB sectors such as IPOs and mutual supply of high-quality global financial products for retail customers.

CITIC CLSA is a leading global investment group in Asia and a subsidiary of CITIC Securities, a representative investment bank in China. It possesses deep local knowledge and an extensive network across Asia, based on providing diverse integrated financial services.

CEO Eom said, "We look forward to expanding the scope of financial services through cooperation with CITIC CLSA Securities, which has a long tradition and influence in the global market."

Li Chunbo, Chairman and CEO of CITIC CLSA, stated, "We expect various collaborations to be possible with Kiwoom Securities, a strong player in the Korean retail market."

Meanwhile, Kiwoom Securities is actively pursuing a global expansion strategy, recently applying for related licenses to establish an asset management company in Singapore.

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