Strong Manager for IPO

Daewoo Securities strengthens its hand as strong manager for IPOs in Korea by successfully managing IPO for Tonyang Life

Daewoo Securities Co. got high mark from securities analysts for its successful undertaking of the initial public offering of Tongyang Life Co. on Oct. 8.
The IPO amounted to 340.3 billion won, the third largest one among the IPOs conducted at the Korea Exchange during last year after Jinro’s 590 billion won and SK C&C with 540 billion won. The company was the first life insurance firm to go public, setting off a start for IPOs by a number of major life insurance companies in Korea including Samsung Life, Korea Life and Kyobo Life.
Daewoo Securities had a plenty of difficulties handling the IPO for the life insurance firm as it is the first IPO for a life insurance firm in Korea including such matters as filing the preliminary application papers for the IPO, the registration with the Korea Exchange and the evaluation of the company’s value as there were no guidelines to refer to as the life insurance firm was the first one in the industry to make IPO.
Daewoo Securities was able to attract a large number of investors by providing diversified information on the insurance firm to help them get a grip of the IPO firm, especially, its financial conditions.
As a result, the number of investors that applied to invest in the insurance firm’s IPO was 10 times bigger than the IPO value, although it was a big one. According to securities experts, Tongyang Life’s successful IPO has sparked off a momentum for other life insurance firms including Samsung Life and Korea Life to push ahead with their IPO plans this year.

Daewoo Securities strengthened its hand as a strong IPO manager, in particular, as it was carried out while the stock market was going through readjustment period and still was able to allocate the stock volume at the range of the IPO prices.
For 39 years of Korea’s financial history, Daewoo have 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, Daewoo is poised to start a new era of financial service.
Based on its cutting-edge competitiveness recognized by the financial service industry, Daewoo will create and lead a market where the highest profits are made through trust and principle. 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. Daewoo will spread its wings to deliver greater satisfaction to our customers and shareholders.
Establishment September 1970 :
CEO Im Kee-young
No. of Employees 3,081
Network Domestic 124 branches (12 WM Centers, 1 IB Center, 3 Offices)
Credit Rating AA (Korea Ratings)
Shares in Issue 204 mln shares
- Common 190 mln shares
- Preferred 14 mln shares
Majority Shareholder Korea Development Bank (Ownership of 39.1%)
As of the end of March 2009
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 viable top IB player in the Korean market.
Since its establishment in Sept. 1970, the company has grown to include 3,281 employees in 124 branches and five overseas networks. Today, it ranks among the nation’s top domestic brokers, with the highest market share in brokerage business with around 9% in terms of both commission revenue and trading value. The company also has its 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 39.1%), room remains for greater synergy ahead. nw

President Im Kee-young of Daewoo Securities Co.

The building of Daewoo Securities Co. in Seoul where the company’s head office is located.