Um Ju-seong, CEO of Kiwoom Securities, reportedly referred to a competitor's community service as "similar to a leading room" during the regular shareholders' meeting.
On the 26th, Kiwoom Securities held its 26th regular shareholders' meeting at the TP Tower in Yeouido, Seoul. During the meeting, questions were raised about Kiwoom Securities' response strategies as competitors like Toss Securities and Meritz Securities rapidly increase their market share in overseas stock services.
In response, CEO Um stated, "There is an external evaluation that Toss Securities' community is similar to a leading room."
Recently, Meritz Securities declared "no fees for domestic and overseas stock transactions," rapidly increasing its market share. Additionally, Toss Securities, which launched its overseas stock trading service in December 2021, rose to first place in overseas stock trading volume in the fourth quarter of last year, just over three years after its launch.
Meanwhile, at the Kiwoom Securities shareholders' meeting, Kim Dong-jun, CEO of Kiwoom Private Equity (Kiwoom PE) and eldest son of former Daou Kiwoom Group Chairman Kim Ik-rae, was newly appointed as an inside director.
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