Hanwha Securities and Hanwha Investment Securities merged to be reborn as Hanwha Investment and Securities in order to act as an investment banking affiliate for the Hanwha Group and as a top-tier securities firm to more powerfully climb the ladder of greater challenges ahead. 

The newly-merged company, officially launched on Sept. 3, has great synergy between the two financial arms of the group through know-how gained as a result of unending exchange between the two. The task force handling the merger successfully concluded the tie-up by strengthening the capacity of all personnel in the organization, thus resulting in operational competitiveness for every sector of the business.

The company is resolved to move forward with investments for its future and to be a brand new face in the securities industry in Korea armed with the passion to achieve its targets.

The merger has created the capacity for the new company to compete with the best firms in the business, with Hanwha Securities’ experience in brokerage deals and Hanwha Investment Securities know-how in the asset management field, including fund sales.

The new firm’s assets will total 37.5 trillion won with 87 branches, comparable to those of large-scale firms in the business. However, it’s not the asset scale that matters now, but the new company’s ability to manage customers’ assets, which has been enhanced by its securing of business bases and branches with quality-customers all across the country enabling it to better compete in the asset management market.

The new company will also be able to offer diverse financial services in partnership with its fellow affiliates of the group including Hanwha Life Insurance and Hanwha Non-life Insurance to form a financial network with a greater synergy for the group.

The situation boosted the company’s visibility by increasing its number of locations across the country, spurring its operations. The company will be able to offer various mobile services such as ‘SMART’ and ‘SMART M’ as well as ‘Magic Cube,’ an asset management support system, way ahead of others. The company will strive to be among the top five integrated asset management companies in Korea by 2020 and plans to hire talented young employees to help achieve this goal.

With the dreams of the two securities firms combined in the merger, all officers and staff of the new firm are full of hope that they will be able to create a brand new securities firm that will bring happiness to both the employees and customers by ultimately becoming a Korean-type asset management firm with a new dream and vision for tomorrow.

The company’s challenge to make itself a happier place in which to work has already begun. “Through advanced asset management technologies centered around customers, everyone at the company will work harder to achieve more than they ever dreamed to make the company newly born as a star in the business,” the company proclaimed. 

President Im Il-soo said, “Hanwha Investment and Securities will be a customer-centered firm dedicated to creating new value not just through the material merger of the two firms, but through all of its management and operations dedicated to the priority of serving its customers, while upgrading its brand values of professionalism, stability, sincerity, and responsibility.

“During the past two years of hard work to realign the new company from the merger to equip it with a variety of new infrastructure in a systematic manner, we have created a new private banking service oriented toward the comprehensive management of customers’ assets so that the new entity will surpass the two former firms’ fames for bond dealings and Buy Korea sales and write a new history of the newly merged company.”