A Top Global Investment Bank

New CEO Im spells out his vision to make Daewoo Securities the leading IB in the world by expanding overseas operations

With Hong Kong as a base for its Asia operations, Daewoo Securities and Investment Co. President Im Kee-young said he would like to make Daewoo Securities a top investment bank in the region.
During his first news conference as head of the securities company, he said he would like to increase the company's share of profits from its international operations to 30 percent annually on the way to make the company a top investment bank not only at home, but also in Asia.
The new CEO said he would like to expand brokerage fee income from handling foreign investments in domestic stocks, bonds and IPOs and strengthen principal investment, bond issuance capacity and expand the company's handling of M&As for customer firms.
Im said he will also make the company globally competitive by upgrading its profitability by maximizing its synergy with the Korea Development Bank, its major shareholder, and become more socially responsible by expanding its social services.
The CEO said he will also eye expanding the company's business territory, taking advantage of the launch of the KDB Financial Group through synergy. He said the company will try to develop various kinds of new financial products and take on asset management premium consulting ― all dedicated to boosting its ROE.
In detail, he said he will look at creating synergy between KDB's key business areas such as bond issuance, M&As and private equity funds and Daewoo Securities' strong areas including stock issuance, research and retail capacities so that the company can undertake big deals.
The new CEO said he will steer the company to utilize KDB's abundant know-how in investment banking to make itself a leading and profitable IB in Korea.
He also promised that the company will take on social services to the extent of its position as a top IB in the country. He will reform the company's current social service program to make it more realistic with the company returning part of its income to society.
To that end, he said, he will manage the company so that employees would exercise initiatives creatively as if they are working for a top-class company in the country.
Daewoo Securities is a leading full-service investment firm offering a wide range of financial services in South Korea, such as securities trading and brokerage, underwriting, asset management and international corporate finance. The company has a stronghold in the brokerage market and is a top IB player in the Korean market.
Since its establishment in September 1970, the company has grown to include 3,281 employees at its 124 branches and five overseas networks. Today, it ranks among the nation's top domestic brokers, with the highest market share in the brokerage business with around 9 percent in terms of both commission revenue and trading value. The company also has a competitive advantage in underwriting, and is moving further to build a strong track record in principal investments, etc. Also, it sustains the highest level of net figures in the Korean Securities Industry. In close cooperation with Korea Development Bank (its majority shareholder with a 39.1 percent stake), room remains for greater synergy ahead.
For 39 years of Korea's financial history, Daewoo Securities has led the Korean securities market, creating maximum value for customer satisfaction and shareholder profit. Now, Daewoo Securities is taking another leap towards a greater future. Expanding its role from a leader in the securities industry to become a pioneer in financial services and a world-class leading securities firm, advancing the development of Korea's capital market, the company is poised to start a new era of financial services.
Based on its cutting-edge competitiveness recognized by the financial services industry, the company will create and lead a market where the highest profits are made through trust and principles.
"A company that attracts customers, a company that sets new standards in financial services, a company that paves the way for development in the Korean financial industry, that is Daewoo Securities. We will spread our wings to deliver greater satisfaction to our customers and shareholders.". nw