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| 키움증권 (사진=키움증권) |
[Alpha Biz=(Chicago) Reporter Kim Jisun] Shares of Kiwoom Securities fell for the ninth consecutive trading day. Shares of Kiwoom Securities are also believed to be affected as Dowkiwoom Group Chairman Kim Ik-rae was mentioned in the stock price crash from SG Securities.
On the 2nd, Kiwoom Securities closed at 91,100 won, down 2,600 won (2.77%) from the previous day. It has fallen for nine consecutive trading days since April 19, just before the stock price crash, with 15.2% of its market capitalization evaporating.
Kiwoom Securities' major shareholder holds a 41.2% stake in Dow Technology. The major shareholder of Dow Technology is Dow Data (45.2%), one of the eight stocks in the stock market crash from SG Securities. In other words, Kiwoom Securities belongs to Dow Data's grandson company.
According to the Financial Supervisory Service, Chairman Kim Ik-rae sold 1.4 million shares of Dow Data (3.65%) for 43,245 won per share on the 20th of last month to secure 60.5 billion won. Shortly after on the 24th, eight stocks, including Dow Data, Harim Holdings, Daol Investment & Securities, Daesung Holdings, Sunkwang, Samchully, Seoul Gas and Sebang, plunged one after another, marking the lower limit. The stock price plummeted shortly after Chairman Kim's mass sale of shares.
CEO Ra Deok-yeon, an investment firm indicted on charges of market manipulation in connection with the stock price crash, is putting the blame on Kim. CEO Ra pointed out that Kim was behind the incident, saying the losses from the stock price crash amounted to 45 billion won. In response, Chairman Kim and Kiwoom Securities filed a complaint with the Seoul Metropolitan Police Agency on the 2nd against CEO Ra on charges of violating the Act on Promotion of Information and Communication Network Utilization and Information Protection (defamation of false information in a timely manner).
Meanwhile, Kiwoom Securities performed well despite the recession in the securities industry last year. In the first quarter of this year, it is expected that it will emerge as a beneficiary of the theme stock market and perform well. According to BNK Investment & Securities, the net profit of controlling shareholders in the first quarter of Kiwoom Securities is estimated to be 198.9 billion won, up 41.2% from a year earlier.
AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)
