Kiwoom Securities officially appointed its new CEO, Hwang Hyun-soon, who will start in the new position from next month. Hwang has been serving as the firm's vice president for the past six years, since he was appointed to the position in December 2015. The new CEO will lead a strategic revamp of the company, focusing more on expanding businesses in the investment banking sector to diversify the firm's profit structure. So far, Kiwoom Securities has reaped the most profit from retail investors' brokerage commissions, as Kiwoom accounts for over 30% of retail investors' brokerage trading. With more retail investors coming into the local stock market since 2020, due to the soaring housing prices and low interest rates, Kiwoom's presence has also increased, raking in the second highest operational profit among local brokerages in 2020. However, this momentum could lose steam, if retail investors continue to turn inactive in the local stock market, as they've been doing during the second half of this year.
Kiwoom Securities Co Ltd is a Korea-based company engaged in the provision of financial services. The Company operates its business through four segments. The Wholesale General segment is engaged in corporate sales that provide stock and derivatives trading services and market information, and bond sales that provide bond brokerage. The Investment Bank (IB) Business Headquarters segment engages in businesses including issuing and arranging corporate bonds, real estate project financing (PF), alternative investment, in addition to initial public offering (IPO). The Investment Management segment is engaged in mezzanine investment, private equity, futures and options trading, arbitrage trading, and brokers over the counter (OTC) derivatives such as equity linked security (ELS) and equity linked warrant (ELW). The Retail Headquarters segment is engaged in businesses such as domestic securities brokerage services, online fund services, and overseas stock services.
KIWOOM SECURITIES CO., LTD. 
