Along with a well-balanced business portfolio, the asset management service played a major role in nearly doubling its earnings in 2024 compared to the previous year, said Kim Sung-hwan, chief executive of Korea Investment & Securities.“We are focusing on providing differentiated global products to individual clients through partnerships with international investment companies,” he told The Korea Economic Daily in an interview on Tuesday.“We aim to increase the share of overseas business from 15% last year to 30% by 2030.”Overseas business includes providing brokerage and investment banking services to international clients, as well as selling global products to domestic clients.
Korea Investment & Securities Co.is gearing up for expansion beyond South Korea by bolstering wealth management with ambitions of becoming Asia’s No.1 brokerage service company.
In 2023, Korea Investment & Securities signed a strategic partnership with the Carlyle Group to invest a total of $300 million in Carlyle's funds Under the partnership, it has launched a fund investing in collateralized loan obligations (CLO), a new type of retail financial product in South Korea.
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