Finance
Kiwoom Securities commercial paper deposit balance tops 1 trillion won
Kiwoom Securities said on Monday its commercial paper deposit balance exceeded 1 trillion won as of March 10. The firm received regulatory approval for its commercial paper business in November and launched its first product on Dec. 19. It said the product hit its 300 billion won sales target within a week and later pushed the balance past 1 trillion won in about three months. The company targets 2 trillion won in deposits by the first half and plans to supply 600 billion won in new venture capital this year.
