[Alpha Biz=(Chicago) Reporter Paul Lee] According to Kiwoom Securities on the 9th, Um, who was an unregistered executive, was finally appointed as CEO at a board meeting held shortly after the appointment of an in-house director and began his three-year term.

Kiwoom Securities' equity capital reached 4.5304 trillion won in the third quarter of last year, more than doubling from 1.9929 trillion won in the third quarter of 2019. The company planned to apply for super-large IB approval in the first half of last year, surpassing 4 trillion won in equity capital, the requirement for approval of super-large investment banks (IB) and issuance bills in late 2022, but all plans have been twisted since the "Ra Duk-yeon scandal" that took place in April.

In order to obtain super-large IB approval, the financial authorities must also pass the evaluation of the company's soundness, eligibility of major shareholders, reputation risk, and the establishment of a system for internal control of risk management.

Um has the task of improving not only risk management but also profit structure for stable growth of the company.

 

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