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Hanwha Investment & Securities to raise up to 900 billion won, seek IFA status and expand digital asset business

Hanwha Investment & Securities plans a capital boost of up to 900 billion won to enter the integrated financial investment business category and expand its digital asset business. It approved a 500 billion won third-party share sale and the issuance of up to 400 billion won in hybrid capital securities. The share sale targets major shareholder Hanwha Asset Management and its parent, Hanwha Life. The firm said it will use the funds to strengthen core businesses and invest in digital-asset platforms and blockchain infrastructure.