Kiwoom Securities is a South Korean

financial services Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns finan ...

company based in

Seoul Seoul, officially Seoul Special Metropolitan City, is the capital city, capital and largest city of South Korea. The broader Seoul Metropolitan Area, encompassing Seoul, Gyeonggi Province and Incheon, emerged as the world's List of cities b ...

. 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 A broker is a person or entity that arranges transactions between a buyer and a seller. This may be done for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither ...

for both foreign and domestic

stock exchange A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for ...

s and

futures exchange A futures exchange or futures market is a central financial exchange where people can trade standardized futures contracts defined by the exchange. Futures contracts are derivatives contracts to buy or sell specific quantities of a commodity or ...

s. The company additionally provides other financial services, such as investment,

risk management Risk management is the identification, evaluation, and prioritization of risks, followed by the minimization, monitoring, and control of the impact or probability of those risks occurring. Risks can come from various sources (i.e, Threat (sec ...

asset management Asset management is a systematic approach to the governance and realization of all value for which a group or entity is responsible. It may apply both to tangible assets (physical objects such as complex process or manufacturing plants, infrastr ...

, and

investment strategy In finance, an investment strategy is a set of rules, behaviors or procedures, designed to guide an investor's selection of an investment portfolio. Individuals have different profit objectives, and their individual skills make different tactics ...

research.

History

Kiwoom Securities was founded on January 31, 2000, in

. On March 15, 2001, Bong-soo Kim, one of the company's founders and the eventual chairman of the

Korea Exchange Korea Exchange (KRX, ) is the sole securities exchange operator in South Korea. It is headquartered in Busan, and has an office for cash markets and market oversight in Seoul. History The Korea Exchange was created through the integration of K ...

, was appointed as

chief executive officer A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

and president. On April 23, 2004, Kiwoom become a

public company A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) co ...

and posted its

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

on the

KOSDAQ The Korean Securities Dealers Automated Quotations (KOSDAQ; ) is a trading board of Korea Exchange (KRX) in South Korea established in 1996. Initially set up by Korea Financial Investment Association as an independent stock market from the Korean ...

market. In November 2018, Kiwoom signed a five-year,

₩ The won sign , is a currency symbol. It represents the South Korean won, the North Korean won and, unofficially, the old Korean Empire won, Korean won. Appearance Its appearance is "W" (the first letter of "Won") with a horizontal strike ...

10 billion (US$9.5 million) contract to acquire the naming rights for the

KBO League The KBO League () is a professional baseball league in South Korea. The league comprises ten teams. The KBO League was founded with six franchises in 1982 and is the most popular sports league in South Korea. The Kia Tigers are the most success ...

's Seoul-based Heroes baseball team, officially renaming it as the

Kiwoom Heroes The Kiwoom Heroes () are a South Korean professional baseball, professional baseball team based in Seoul. They are a member of the KBO League. The Heroes play their home games at Gocheok Sky Dome in Gocheok-dong, a neighborhood located in the sou ...

for the 2019 season. In May 2023, the

Financial Supervisory Service The Financial Supervisory Service (FSS) is South Korea's integrated financial regulator that examines and supervises financial institutions under the broad oversight of the Financial Services Commission (South Korea), Financial Services Commission ...

began an investigation of Kiwoom for alleged acts of

stock manipulation In economics and finance, market manipulation occurs when someone intentionally alters the supply or demand of a security to influence its price. This can involve spreading misleading information, executing misleading trades, or manipulating ...

. News of the investigation caused Kiwoom's stock price to fall.

References

{{KOSPI 200, state=collapsed South Korean companies established in 2000 Companies based in Seoul Financial services companies established in 2000 Financial services companies of South Korea Online brokerages Companies in the KOSPI 200