In his New Year’s message, released on Jan. 2, President Jung Il-moon of Korea Investment & Securities (KIS) stressed the need to secure a future growth foundation by building stable business models.
In order to solidify future growth foundation, President Jung emphasized four tasks: building risk management environment to take preemptive crisis management steps, securing stable profitability foundation, building future digital foundation and establishing dynamic organizational environment based on fairness.
First of all, KIS plans to have each business establish multi-faceted risk management environment and system related to work processes to take preemptive risk management steps.
President Jung said, “The essence of the securities business is creation of values in return for risks, and we may stabilize the execution of businesses by managing risks in a preemptive, effective and systematic way.”
President Jung called for diversifying profit sources through the diversification of corporate assets and business portfolio and making continued efforts to exploring new businesses.
“Expanding of global businesses is core part of efforts to build stable profit foundation without wavering of market changes,” President Jung said.
He called for all businesses to devote themselves to creating new overseas profit sources.
KIS plans to build an exact decision-making organization regime based on data to make systematic preparations for a digital transformation.
“The digital transformation is directly connected with our survival, and with adding digital flesh to the bones of IT, blood of date needs to be flowed without clogging the organization inside,” he said. President Jung stressed fundamentals and fairness to build a dynamic organization culture.
Korea Investment & Securities (KIS) said on Jan. 17 that KIS saw BanKIS account balance surpass 1 trillion won. KIS is holding an event to celebrate its achievement until March 31.
Korea Investment & Securities Sees BanKIS Account Balance Surpass 1 Trillion Won
Korea Investment & Securities (KIS) said on Jan. 17 that KIS saw BanKIS account balance surpass 1 trillion won.
BanKIS is KIS’s online transaction service, which is available online or at opened via commercial banks.
The BanKIS account receivable balance, which stood at 256.9 billion won as the end of 2021, rose to 1,047.4 billion won as of the end of last year.
The figures represent a four-fold jump in terms of the size of receivable transactions in one year using online channels, such as websites and mobile trading system.
The number of new customers has increased sharply. About 17,000 customers, or 60 percent of 28,000 BanKIS account holders, turned out that they began transactions within one year.
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