The First Listed Company in Value-Up Disclosure is 'Kiwoom Securities'... "We Will Increase Shareholder Return Rate and PBR"

Kiwoom Securities has become the first listed company to announce a Value-Up disclosure.

On the 28th, Kiwoom Securities disclosed its plan to enhance corporate value. Although KB Financial Group made a disclosure the day before, it was not a disclosure announcing a corporate value enhancement plan, but rather a notice stating that a related plan would be disclosed in the fourth quarter.

In the corporate value enhancement plan disclosure on this day, Kiwoom Securities presented three medium-term goals for the next three years: a shareholder return ratio of over 30%, a price-to-book ratio (PBR) of over 1, and a return on equity (ROE) of over 15%.

Kiwoom Securities also announced that it will establish strategies for each business division and expand the proportion of overseas investors. It revealed plans to strengthen communication with investors and share key indicators.

Earlier this year, CEO Eom Ju-seong, who took office, announced plans to cancel treasury shares equivalent to 8% of issued shares and maintain a shareholder return ratio of over 30%.

On the day the corporate value enhancement plan was announced, Kiwoom Securities’ stock price closed at 125,800 KRW, down 0.63% from the previous trading day.