KB Securities Restructures Organization... Establishes Consumer Support Department and Pension Group

On December 29, KB Securities announced that it had carried out an organizational restructuring to strengthen customer trust through enhanced financial consumer protection governance, shift its business focus toward productive finance, and operate a digital-first organizational structure.

This restructuring prioritizes the value of financial consumer protection as its top agenda, while also aiming to proactively respond to the changing financial market environment by strengthening the core business competitiveness of each division and improving operational efficiency.

First, to reinforce financial consumer protection governance, a Consumer Support Department was newly established within the Consumer Protection Division, which reports directly to the CEO. In addition, reflecting the growing importance of information security, a Security Compliance Team was newly organized under the Information Security Division to prevent security incidents and strengthen internal controls.

The Wealth Management (WM) division will enhance its platform competitiveness based on customer asset growth by shifting its focus to non-face-to-face channels. In particular, to boost the competitiveness of its pension business-considered the WM division's core growth engine-and accelerate both quantitative and qualitative growth, a Pension Group reporting directly to the CEO was established, with separate departments for individual and corporate pensions organized under it. Furthermore, the existing Tax Solution Department was moved to the Family Office Department within the WM Sales Division to strengthen customized wealth management support for ultra-high-net-worth (UHNW) clients.

The Corporate Finance (IB) division underwent restructuring to rebalance its business portfolio toward productive finance. To strengthen business with mid-sized and small enterprises, the Corporate Finance Division 2 was expanded and reorganized. To more effectively implement policies for activating venture capital supply, the existing PE New Technology Business Division was renamed the PE and Growth Investment Division, and a Productive Finance Promotion Team was newly established under its direct control. However, the real estate finance organization was downsized and reorganized to flexibly respond to market changes and improve operational efficiency.

The Sales & Trading (S&T) division integrated the existing Trading Group and Capital Markets Sales Division into a single Capital Markets Group to enhance the independence and expertise of its operations. In addition, the note issuance operation, previously under the IB division, was reorganized to report directly to the CEO through the establishment of a Comprehensive Finance Division, thereby improving operational stability and strategic utility.

A KB Securities representative stated, "This restructuring focuses on strengthening growth drivers in each business division by proactively responding to changes in the financial environment, such as enhanced financial consumer protection, productive finance, and the expansion of digital channels." The representative added, "With this, we will be able to provide optimal investment services to our clients more quickly and continuously strengthen our competitiveness as a leading financial investment company by expanding our market dominance."