KB Securities and MY Social Company Sign Business Agreement to Promote ESG Values

KB Securities announced on the 18th that it has signed a business agreement with MY Social Company, an impact investment specialized accelerator, to strengthen the investment sector of its ESG strategy and to promote the value of ESG (Environmental, Social, and Governance) management.

At the KB Securities headquarters in Yeouido, Seoul, attendees including Jang Seung-ho, Head of the Management Planning Division at KB Securities (third from the left), and Kim Jung-tae, CEO of MY Social Company (second from the left), are taking a commemorative photo after concluding a business agreement ceremony. (From the left) Choi Kyo-pung, Head of Growth Investment Division at KB Securities; Kim Jung-tae, CEO of MY Social Company; Jang Seung-ho, Head of the Management Planning Division at KB Securities; Yoo Seung-chang, Head of ECM Division at KB Securities.
Photo by KB Securities

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The signing ceremony held at the KB Securities headquarters was attended by key personnel including Jang Seung-ho, Head of Management Planning Division at KB Securities, Choi Gyo-pung, Head of Growth Investment Division, Yoo Seung-chang, Head of ECM Division, and Kim Jeong-tae, CEO of MY Social Company.

Through this agreement, KB Securities plans to collaborate on social contribution activities via impact investment (investments that generate financial returns while achieving social and environmental outcomes), propose selection as lead underwriter for initial public offerings (IPO), and connect follow-up investments, successfully managing the 3 billion KRW ‘KB Securities ESG Value Expansion Investment Fund’ established jointly with MY Social Company in June.

MY Social Company has been selected as a TIPS (Tech Incubator Program for Startups) operator by the Ministry of SMEs and Startups and supports startup growth through consortiums with various specialized institutions.

KB Securities intends to actively invest in projects related to social innovation and environmental improvement through the KB Securities ESG Value Expansion Investment Fund, discovering competitive startups and linking them with collaboration partners and social innovation partners to further expand ESG value through mutual growth.

Jang Seung-ho, Head of Management Planning Division at KB Securities, stated, "Impact investment is an activity that directly contributes to the expansion of the ESG ecosystem by nurturing social ventures. Through collaboration with MY Social Company, we plan to foster startups based on innovative technologies, support cooperation with large corporations, create a circular economy market, and contribute to achieving net zero."

Kim Jeong-tae, CEO of MY Social Company, said, "Through the agreement with KB Securities, we aim to contribute to the expansion of KB Securities’ ESG management and actively pursue post-investment cooperation with ESG innovative startups. We hope that the successful operation of the KB Securities fund will further activate impact investments by financial companies."

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