Shinyoung Securities and Kiwoom Securities Invest 40 Billion KRW in Redeemable Convertible Preferred Shares

[Asia Economy Reporter Lee Gwan-ju] Shin Young Securities announced on the 17th that it plans to invest 40 billion KRW in redeemable convertible preferred shares issued by Kiwoom Securities. This amounts to 2.85% of its equity capital, and the purpose of acquisition was stated as 'simple investment.'