Daol Investment & Securities Recommends Lim Jae-taek, CEO of Hanyang Securities, as New CEO

Im Jae-taek, CEO of Hanyang Securities, is expected to become the new head of Daol Investment & Securities.

Candidate CEO Jaetaek Lim. Provided by Daol Investment & Securities

According to the securities industry on the 28th, Daol Investment & Securities held a board meeting on the same day and proposed the appointment of CEO Im as an inside director as an agenda item for the shareholders' meeting. CEO Im is scheduled to be appointed as CEO after the regular shareholders' meeting on the 21st of next month.

Hwang Jun-ho, CEO of Daol Investment & Securities, is reported to be promoted to group vice chairman.

CEO Im graduated from Seoul National University with a degree in Business Administration and completed graduate studies at Seoul National University Business School. He entered the financial investment industry in 1987 starting at Ssangyong Investment & Securities (now Shinhan Investment Corp). He has served as head of marketing at Shinhan Investment Corp, CEO of IM Investment & Securities, and has been CEO of Hanyang Securities since 2018.

Also, Daol Investment & Securities decided at the board meeting to pay a cash dividend of 150 KRW per common share. The record date for dividends is the 17th of next month.

Last year, the market environment was unfavorable for small and medium-sized securities firms, making it difficult to expand profits. However, Daol Investment & Securities explained that the dividend decision was made to enhance credibility through shareholder returns and maintaining dividend policies.

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