Kiwoom Securities to Boost Trading Stability with Additional 30 Billion Won IT Investment This Year

Kiwoom Securities is set to make a large-scale investment to dramatically enhance the stability of its stock trading operations. This move is aimed at preventing a recurrence of the order delay incident that occurred in April and to strengthen overall system stability.

On September 4, Kiwoom Securities announced its "IT Stability Enhancement Plan," which centers on expanding IT investment, reinforcing IT personnel and organizational structure, conducting IT consulting, and strengthening information security.

To bolster system stability, the company will invest an additional 30 billion won in IT within this year. This is separate from the approximately 100 billion won in annual IT expenses that are consistently spent. Through this investment, the company will complete immediate improvements to prevent similar incidents from recurring.

Kiwoom Securities is also pursuing a stabilization strategy focused on proactive prevention. To achieve this, it will strengthen its IT infrastructure verification and quality management systems. The company will upgrade its verification environment to closely replicate actual system operations, allowing for thorough testing of newly developed features. This will enhance the quality, stability, and reliability of new services and functions.

The company will also reinforce its IT workforce and organizational structure. New departments will be established to handle IT internal controls for risk detection and response, as well as to provide ongoing support for performance analysis and verification systems. Kiwoom Securities will hire additional in-house IT personnel to strengthen internal controls and personal information protection, which is expected to result in higher quality programs.

In response to increasing customer and order volumes, Kiwoom Securities is working to build a new ledger system utilizing an architecture that can scale as needed. The ledger system is used by financial institutions to record and manage customer accounts and transaction histories. The company expects that this will significantly improve trading stability by allowing for flexible responses to sudden surges in usage.

Before making this large-scale investment, Kiwoom Securities will undergo consulting from external experts. By the end of this month, the company plans to conduct a comprehensive assessment of system quality and information security, and will use the results to establish improvement initiatives and an implementation roadmap.

Investments to strengthen customer information security will also proceed in parallel. The company plans to apply the latest security technologies and enhance its integrated security monitoring system to enable early detection and rapid response to external threats.

A representative from Kiwoom Securities stated, "Through this large-scale IT investment, we will dramatically improve system stability so that customers can trade with greater confidence."

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