Search results for Korea Investment Holdings
Finance
Brokerage stocks give back gains as trading cools; second-half catalysts eyed
South Korean brokerage stocks, once key beneficiaries of a first-half market rally, have given back much of their gains as trading value and client cash indicators fell in July. Year-to-date gains for major brokers have sharply narrowed, with Kiwoom Securities turning negative. While second-quarter operating profit improved at several firms, the outlook for the second half hinges on non-brokerage businesses such as wealth management and funding operations, amid softer trading momentum and persistent sector rotation.
Finance
KRX names Kiwoom Securities, Korea Aerospace as value-up top performers
Korea Exchange honoured 10 listed companies for achievements in boosting corporate value and discussed the value-up programme’s next tasks. It held an awards ceremony and seminar at its PR hall on May 27 to encourage companies that worked to enhance corporate value over the past year and to discuss ways to spread that culture. About 200 people attended the seminar, including pension funds, asset managers and listed firms.
Finance
KakaoBank appoints Kim Geun-su as inside director at shareholders meeting
KakaoBank said on Wednesday it held its 10th annual general meeting and approved key agenda items as proposed, including approval of financial statements and director appointments. The bank appointed Vice President Kim Geun-su as a new inside director and named former SGI Credit Information CEO Nam Sang-il as an outside director. It also passed items under the revised Commercial Act, including removing a clause excluding cumulative voting and introducing electronic shareholders meetings.
