Next Securities Raises Investment from World's Largest Online Brokerage Firm

Strategic Partnership with Interactive Brokers in the US
Building an AI-Based Personalized MTS Platform
Led by CEO Kim Seungyeon, Formerly of Toss Securities
"Setting New Standards in the Global Market"

Next Securities (formerly SI Securities) announced on the 11th that it has attracted strategic investment from Interactive Brokers, the world's largest online brokerage firm based in the United States. This is the first case of a domestic securities company receiving investment from an overseas listed securities firm. Interactive Brokers, listed on the NASDAQ market in the U.S., has a system that allows trading of stocks, futures, ETFs, and more across over 100 global markets.

Interactive Brokers invested approximately 15 billion KRW to acquire shares in Next Securities. After the investment, Next Securities was valued at about 150 billion KRW (99 million USD). Next Securities plans to integrate Interactive Brokers' platform technology to provide advanced investment services and introduce new financial products.

Since CEO Kim Seung-yeon, who led Toss Securities to profitability, took office in October last year, Next Securities has been accelerating the development of AI-based platforms. They plan to create an environment where customers can invest more easily and conveniently by building a mobile trading platform (MTS) and an AI content platform that offer AI-based personalized investment experiences.

CEO Kim, a KAIST graduate and big tech expert who worked at Google and TikTok, served as CEO of Toss Securities until just before joining Next Securities. Based on an MTS that emphasizes customer-friendly user interface (UI) and user experience (UX), he especially attracted overseas stock investors. Toss Securities, which has no branches, turned profitable last year.

Kim Seung-yeon, CEO of Next Securities, said, “Interactive Brokers’ strategic investment is meaningful in that it confirms Next Securities’ growth trajectory and future potential,” adding, “We will strive to use this partnership as a stepping stone for Next Securities to set new standards in the global financial market.”