Search results for KCGI
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.
AI & Enterprise
ITCEN Global to issue 40 billion won convertible bonds to expand new business investment
ITCEN Global said on May 4 it will issue 40 billion won in convertible bonds to improve its financial structure and expand investment in new businesses. The issuance will be carried out through investment via ITC Holdings LLC, which is wholly owned by KCGI Innovation Growth ESG Private Equity Fund No. 1. ITCEN Global said it will use the funds to expand new growth businesses including token securities and Web3.
Finance
Securities firms step up shareholder returns as mid-sized brokers raise dividends
South Korean brokerages are stepping up shareholder returns as the industry enjoys a boom, with mid-sized firms increasingly raising dividends. Securities companies are announcing larger payouts ahead of regular shareholders’ meetings later this month. LS Securities, Hanyang Securities, Daol Investment & Securities and others disclosed higher dividends and payout ratios. The shift is seen as tied to the government’s corporate value-up policy and a push to strengthen shareholder returns, as well as tax benefits from separate taxation of dividend income introduced this year.
