Kiwoom Securities Co., Ltd. announces an Equity Buyback for KRW 70,000 million worth of its shares.
October 25, 2023 at 03:23 am
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Kiwoom Securities Co., Ltd. (KOSE:A039490) announces a share repurchase program. Under the program, the company will repurchase up to KRW 70,000 million worth of its shares pursuant to a contract with Mirae Asset Securities Co., Ltd. The purpose of repurchase program is to enhance shareholder's value. The repurchase program is valid till April 24, 2024.
As of October 24, 2023, the company had 1,400,000 shares in treasury within scope available for dividend and no shares through other repurchase.
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. 
