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Finance

Kiwoom Securities\' brokerage lead shakes; can its retirement pension gambit work?

Kiwoom Securities will start a retirement pension business from June, seeking to diversify earnings and expand its retail client base. The move comes as it posted record first-quarter profit while its core brokerage retail market share fell. It will offer IRP, DC and DB plans via its mobile trading system and operate the business mainly online. The firm will waive key fees for 1 year and aims for 10 percent securities-sector pension market share and a top-5 ranking by 2035.

Finance

Single-stock leverage ETFs see 10 trillion won turnover on first day, KOSPI semiconductor concentration deepens

Single-stock leverage ETFs that track Samsung Electronics and SK Hynix at twice the daily move recorded more than 10 trillion won in turnover on their first day of trading. The products rose by double digits as the chipmakers surged, but market breadth narrowed. The KOSPI closed up 2.25 percent while only 75 stocks rose and 826 fell. The Kosdaq dropped 3.36 percent, with declines dominating.

Finance

KRX names Kiwoom Securities, Korea Aerospace as value-up top performers

Korea Exchange honoured 10 listed companies for achievements in boosting corporate value and discussed the value-up programme’s next tasks. It held an awards ceremony and seminar at its PR hall on May 27 to encourage companies that worked to enhance corporate value over the past year and to discuss ways to spread that culture. About 200 people attended the seminar, including pension funds, asset managers and listed firms.