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Financial services

Woori Investment and Securities Launches with Ambitious Plans for Growth

Strategic Insights

— 1 min read

Woori Investment and Securities, the result of a 10-year journey, officially launched its operations on Thursday, marking a significant milestone for the mid-sized securities firm. With a capital base of around 1.1 trillion won ($806 million) and a ranking of 18th in the industry, the firm aims to become a comprehensive securities firm strong in digital and investment banking. Woori Investment and Securities CEO Nam Ki-cheon emphasized the importance of unity and shared goals, promising rapid growth through effective teamwork and communication. The firm also announced its intention to enter the top 10 in the industry within five years and become a mega IB within ten years.

Key Takeaways:

  • Woori Investment and Securities was formed through the merger of Woori Investment Bank and Korea Foss Securities, marking the re-entry of Woori Financial Group into the securities industry.
  • The firm has a capital base of around 1.1 trillion won ($806 million) and ranks 18th in the industry, aiming to become a comprehensive securities firm strong in digital and investment banking.
  • Woori Investment and Securities CEO Nam Ki-cheon emphasized the importance of unity and shared goals, promising rapid growth through effective teamwork and communication.
  • The firm aims to expand its business areas into comprehensive finance, sales and trading, retail, and risk management.
  • Woori Financial Group Chairman Yim Jong-yong pledged full group-level support, promising to accelerate infrastructure expansion, including capital enhancement, human resources deployment systems, and securing an independent office building.

Statistics:

  • Woori Investment and Securities has a capital base of around 1.1 trillion won ($806 million).
  • The firm ranks 18th in the industry.
  • The firm aims to enter the top 10 in the industry within five years.
  • Woori Investment and Securities plans to expand its business areas into comprehensive finance, sales and trading, retail, and risk management.
  • The firm has been in the making for 10 years, since Woori Financial Group sold its securities firm to NongHyup Financial Group in 2014.

Sources:

  • Woori Investment and Securities
  • Woori Financial Group
  • Yim Jong-yong, Chairman of Woori Financial Group
  • Nam Ki-cheon, CEO of Woori Investment and Securities

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