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Finance

NH Investment & Securities launches dual CEO system with Shin Jae-wook and Bae Kwang-soo

NH Investment & Securities launched a dual CEO system with Shin Jae-wook and Bae Kwang-soo, aiming to strengthen expertise and accountable management by business division as it pursues new growth including its IMA business. The company said it appointed the two at an extraordinary shareholders meeting on June 30, shifting from a single-CEO structure. The co-CEOs pledged faster decision-making with shared responsibility and set out priorities including synergy, capital efficiency, AI transition, stronger internal controls and shareholder value.

Finance

Capital markets also show economies of scale as big brokerages rush to boost capital

Competition among securities firms to bolster capital is spreading quickly, led by large brokerages, as more businesses link bigger capital bases to revenue growth. KB Securities decided on a 1 trillion won rights offering after earlier support from KB Financial Group. Similar moves include Korea Investment & Securities, Woori Investment & Securities and NH Investment & Securities, while Hanyang Securities also joined. The combined amount totals about 4.65 trillion won this year.

Finance

KB Securities decides 1 trillion won rights offering to strengthen mega IB footing

KB Securities decided on a 1 trillion won rights offering to expand its equity capital and strengthen competitiveness in investment banking and its short-term note issuance business. The firm said it aims to support a shift and expansion of its business portfolio, including supplying venture capital and improving profitability in capital markets. It also plans to advance customer-focused businesses and step up preparations for its IMA comprehensive investment account service.