Woori Investment & Securities Becomes Comprehensive Securities Firm... Receives Main License for Investment Trading Business

Woori Investment & Securities has become a comprehensive securities company after receiving the official approval for investment trading business from the financial authorities.

The Financial Services Commission announced on the 19th, during the 5th regular meeting of the FSC, that it reviewed and approved the change of license for investment trading business (including securities and underwriting) for Woori Investment & Securities.

Woori Investment & Securities was launched last July when Korea POS Securities merged with Woori Comprehensive Finance and became a wholly owned subsidiary of Woori Financial Group, changing its name to the current Woori Investment & Securities.

At that time, separate from the merger and subsidiary incorporation, Woori Investment & Securities obtained additional registration for investment brokerage business (securities) and approval for short-term finance business, while it had received a preliminary change approval for investment trading business (including securities and underwriting).

With the subsequent official approval received on this day, Woori Investment & Securities has established a foundation to operate as a comprehensive securities company. The FSC expressed expectations that "it will be able to respond to various corporate funding needs in the future."

The financial authorities plan to receive annual reports on the implementation status of the business plan submitted by Woori Investment & Securities at the time of last year's merger and the fulfillment of additional conditions, and to periodically review the appropriateness of the implementation status.

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