Kim Dong-jun, the eldest son of former DaouKiwoom Group Chairman Kim Ik-rae, and CEO of Kiwoom Private Equity (PE), is set to be appointed as a registered director of Kiwoom Securities.
According to the financial investment industry on the 10th, Kiwoom Securities will propose the agenda for the new appointment of Kim as an inside director at the regular shareholders' meeting to be held on the 26th of this month at the Yeouido TP Tower.
Due to the prohibition on concurrent positions under the Financial Company Governance Act, Kim is expected to participate in the board only as a non-executive inside director without holding any other position at Kiwoom Securities. He concurrently serves as CEO of Kiwoom PE and Kiwoom Investment.
Previously, Kiwoom Securities secured 100% of the shares of Kiwoom PE. Last month, following the acquisition of 4 million shares (40%) held by Korea Information Certification, Kiwoom Securities also acquired 2 million shares (20%) held by Kiwoom Asset Management. The market interprets this as the formal start of Kim's management succession process.
Additionally, Kim is expected to lead Kiwoom Securities' expansion into the United States. He is regarded as the U.S. expert within the group.
Kim graduated from Monta Vista High School in the U.S. and the University of Southern California (USC) with a degree in accounting, and later earned an MBA from Cornell University. Afterward, he worked at Samil Accounting Corporation and went through various affiliates within DaouKiwoom Group, including Saramin, Daou Technology, and Daou Data.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
