Kiwoom Securities
South Korean financial services company
From Wikipedia, the free encyclopedia
Kiwoom Securities is a South Korean financial services company based in Seoul. Founded in 2000, the company managed US$38.1 billion in assets in 2022 and was ranked on the Forbes Global 2000 list. Kiwoom acts as a broker for both foreign and domestic stock exchanges and futures exchanges. The company additionally provides other financial services, such as investment, risk management, asset management, and investment strategy research.[2]
 | |
| Company type | Public |
|---|---|
| Industry | Financial services |
| Founded | January 31, 2000 in Seoul, South Korea |
| Headquarters | Seoul |
Key people | Hyun-soon Hwang (CEO) |
| Revenue |  US$2 billion (2022)[1] |
| AUM | US$38.1 billion (2022)[1] |
Number of employees | 941[1] (2022) |
| Parent | Daou Technology Inc. |
| Website | kiwoom |
History
Kiwoom Securities was founded on January 31, 2000, in Seoul. On March 15, 2001, Bong-soo Kim, one of the company's founders and the eventual chairman of the Korea Exchange, was appointed as chief executive officer and president. On April 23, 2004, Kiwoom become a public company and posted its initial public offering on the KOSDAQ market.[3]
In November 2018, Kiwoom signed a five-year, ₩10 billion (US$9.5 million) contract to acquire the naming rights for the KBO League's Seoul-based Heroes baseball team, officially renaming it as the Kiwoom Heroes for the 2019 season.[4]
In May 2023, the Financial Supervisory Service began an investigation of Kiwoom for alleged acts of stock manipulation. News of the investigation caused Kiwoom's stock price to fall.[5]