Since the merger of Korea Investment & Securities and Dongwon Securities, and helped by the support and interest of our customers, “we have prepared the way to become the best merchant banking institution in Korea,” President and CEO Ryu Sang-ho said.
“In order to thank our customers for such strong support, we are determined to move on from being the best provider of financial services to become a company that is able to impress its customers with the excellence of its services,” he added.
Currently, there are almost no barriers in the financial sector, and large multinational financial institutions have entered the Korean market. The era of borderless competition has arrived. As a result, there is an acute need for our company to develop a competitive edge in the financial market by developing a variety of innovative products, offering differentiated financial services, and providing accurate investment information in order to meet the needs of customers.
In order to achieve this aim, Ryu said the company is undertaking the three following tasks in order to raise competitiveness: Developing innovative financial products to be a pioneer in leading investment into overseas markets; using our core businesses to achieve balanced growth and stable profit increases; and impressing our customers by offering services at the level of the most advanced financial institution.
“Through the implementation of these three tasks by our management and employees, we are determined to gain the ability to win in the new environment of borderless competition,” President and CEO Ryu Sang-ho said. “In future, Korea Investment & Securities, with the support of its customers, is determined to become the leading merchant banking institution in Korea as well as a representative financial institution in Asia.”
Korea Investment & Securities was re-formed in June 2005 after the company was merged with Dongwon Securities. The previously named Korea Investment & Securities Co., Ltd. (KITC) was Korea's leading distributor of investment trust products, mainly those of its wholly owned subsidiary; while Dongwon Securities was one of Korea's main securities brokerages. Both of these companies previously played important roles in the development of the Korean capital market and the Korean economy. KITC was a major institutional investors specializing in asset management and sales of Korean funds, while Dongwon Securities was a specialist in securities brokerage, investment banking and derivatives trading.
KITC was originally launched in 1974 as the first investment trust company in Korea. As a leader of the investment trust industry and a major institutional investor specializing in asset management, KITC helped customers to manage their assets effectively and made a great contribution to the development of the Korean capital market and economy. Dongwon Securities was established in 1968 and as a member of the Dongwon Group had also played a part in developing the Korean securities markets and the national economy by providing differentiated services and securing global competitiveness.
With the merger, Korea Investment & Securities has become a major financial firm within Korea Investment Holdings and has secured first position in Korea for initial public offerings (IPOs). The new company is now one of the major securities firm in Korea with 98 branch offices, six overseas corporations, three overseas offices and 2,445 employees.
The new Korea Investment & Securities aims to win the trust of customers, create significant synergy effects by nurturing corporate financing and asset management, and further consolidating its already sound financial structure. Through these achievements, Korea Investment & Securities will become the representative merchant bank in Korea and one of Asia's leading financial institutions.
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