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Draft:KB Securities

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KB Securities is a South Korean securities and investment banking company headquartered in Seoul. As one of the eleven wholly owned subsidiaries of KB Financial Group,.[1], the firm’s operations are divided into three main segments: Wealth Management, Investment Banking, and Sales & Trading.[2]. The company operates 80 domestic branches and maintains overseas offices in five locations: New York, Hong Kong, Indonesia, Vietnam, and Shanghai. [3],[4] [5]. As of the end of 2024, its total assets stood at KRW 63.4 trillion, with revenue of KRW 10.8 trillion. [6] [7].

History

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  • 1962: Kookil Securities[8] is founded in Seoul, South Korea. (Predecessor to Hyundai Securities and later KB Securities)
  • 1977: Kookil Securities is acquired by Hyundai Group
  • 1986: Kookil Securities is renamed to Hyundai Securities[9]
  • 1995: Hannuri Investment Securities is established
  • 2008: KB Financial Group acquires Hannuri Securities in November 2007 and renames to KB Investment & Securities in March 2008[10][11]
  • 2016: Hyundai Securities acquired by KB Financial Group
  • 2017: KB Investment & Securities and Hyundai Securities are merged to officially form KB Securities Co., Ltd[12].
  • 2017: KB Securities acquires a 99.4% stake in Vietnam’s Maritime Securities Corporation[13]
  • 2022: Acquisition of a 65% stake in PT Valbury Sekuritas Indonesia; rebranded as PT KB Valbury Sekuritas[14]

Business Segments

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Wealth Management: Provides comprehensive brokerage services to both retail and institutional clients. It offers trading across equities, fixed income, and other securities, and distributes a broad range of financial products, including mutual funds, private banking solutions, wealth management services, and outsourced chief investment officer (OCIO) offerings.[15].

Investment Banking: Delivers corporate and investment banking services tailored to client needs. Its operations cover securities underwriting—including corporate bonds and initial public offerings—structured finance, real estate finance, acquisition finance, and mergers and acquisitions advisory. The firm’s Debt and Equity Capital Markets divisions were ranked first in the domestic league tables in 2024. [16].

Sales and Trading: Conducts trading activities for both client accounts and proprietary purposes. Its scope includes proprietary trading, market-making, and portfolio asset management. Brokerage services are offered across equities, fixed income, derivatives, and prime brokerage.

Research: Provides research content and investment advisory services to institutional and retail clients. It is composed of four departments—Corporate Research, Asset Allocation, Investment Consulting, and Research Planning—as well as a dedicated ESG Research Team.[17].

International Presence

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Hong Kong: KB Securities Hong Kong Ltd. is a fully licensed subsidiary in Hong Kong. Its business areas include equity sales, M&A financing, and debt capital markets.[18]

United States: KBFG Securities America Inc. is located in New York. The company engages in equity and fixed income trading, as well as introducing brokerage services.[19]

Vietnam: KB Securities Vietnam Joint Stock Company is headquartered in Hanoi, with branches in both Hanoi and Ho Chi Minh City. The company has over 400 employees and provides brokerage services to both individual and institutional clients.[20].

Indonesia: KB Valbury Sekuritas is headquartered in Jakarta and operates branches in 14 locations across Indonesia. Its business areas include underwriting, broker-dealer services, and fund distribution. [21].

Shanghai: Representative office with a market research function[22].

Partnerships

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Jefferies Group:KB Securities has a co-brand alliance with Jefferies Group for equity research, sales, and trading in South Korea. Through this partnership, Jefferies Asia distributes KB Securities’ Korea research globally, while KB Securities provides local equity brokerage services to Jefferies and its clients. [23].

Blackstone: In 2024, KB Securities signed a memorandum of understanding (MOU) with Blackstone to establish a comprehensive business partnership. [24].

Leadership

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KB Securities is led by co-CEOs Kim Sung-hyun and Lee Hong-ku. Kim oversees the Investment Banking and Sales & Trading divisions, while Lee is responsible for the Wealth Management division. [25]

Financial Results

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In 2024, the company recorded an operating profit of KRW 780 billion and a net profit of KRW 590 billion.[26]

Awards

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  • Korea's Best Investment Bank, Asiamoney (2023)[27]
  • ICT Award Korea 2024 Grand Prix Winner (2024)[28]
  • 16th Korea IB Awards Winner, Korea Economic Daily (2024)[29]
  • Market Leader of the Year (Investment Banking), etoday (2024)[30]

References

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  1. ^ "Our Business(국내 네트워크)". KB Financial Group Site. Retrieved 2025-04-29.
  2. ^ "KB증권 | 금융도 쇼핑이다!". www.kbsec.com. Retrieved 2025-04-29.
  3. ^ "KB증권 | 금융도 쇼핑이다!". www.kbsec.com. Retrieved 2025-04-29.
  4. ^ "KB증권 | 금융도 쇼핑이다!". www.kbsec.com. Retrieved 2025-04-29.
  5. ^ "Asia-Pacific". KB Financial Group Site. Retrieved 2025-04-29.
  6. ^ "OpenDART시스템". opendart.fss.or.kr. Retrieved 2025-04-29.
  7. ^ "KB증권, 작년 영업이익 7808억원…전년比 14.8%↑". 서울경제 (in Korean). 2025-02-05. Retrieved 2025-04-29.
  8. ^ 엄, 광용, "현대증권㈜ (現代證券(株))", 한국민족문화대백과사전 [Encyclopedia of Korean Culture] (in Korean), Academy of Korean Studies, retrieved 2025-04-29
  9. ^ 엄, 광용, "현대증권㈜ (現代證券(株))", 한국민족문화대백과사전 [Encyclopedia of Korean Culture] (in Korean), Academy of Korean Studies, retrieved 2025-04-29
  10. ^ "KB Financial Group Form 6-K Current Reports | SEC Filings | Investor Relations -". KB Financial Group Site. Retrieved 2025-04-29.
  11. ^ "Kookmin Acquires Hannuri Securities - The Korea Times". www.koreatimes.co.kr. 2007-11-14. Retrieved 2025-04-29.
  12. ^ "KB증권, 한누리·현대 '두 화살'로 IB+WM 양날개 '훨훨' [금융지주 성장동력 Key M&A 변천사 (2)]". 한국금융신문 (in Korean). 2024-06-10. Retrieved 2025-04-29.
  13. ^ VIR, Vietnam Investment Review- (2017-10-10). "KB Securities closes acquisition of Maritime Securities Incorporation". Vietnam Investment Review - VIR. Retrieved 2025-04-29.
  14. ^ "Company Overview". www.kbvalbury.com. Retrieved 2025-04-29.
  15. ^ "KB Securities announced on the 3rd that it signed the main contract after being selected as a prefer.. - MK". 매일경제. 2024-12-03. Retrieved 2025-04-29.
  16. ^ IB토마토. "IB토마토 - 가장 심도 있고 믿을 수 있는 자본시장의 길잡이". IB토마토 - 가장 심도 있고 믿을 수 있는 자본시장의 길잡이. Retrieved 2025-04-29.
  17. ^ "[금융대상] 베스트 리서치하우스 KB증권…AI·글로벌 차별화". Jan 24, 2025.
  18. ^ "Asia-Pacific". KB Financial Group Site. Retrieved 2025-04-29.
  19. ^ "Home". Kbfg Securities Amer. Retrieved 2025-04-29.
  20. ^ "About Us" (in Vietnamese). Archived from the original on 2024-07-25. Retrieved 2025-04-29.
  21. ^ "Company Overview". www.kbvalbury.com. Retrieved 2025-04-29.
  22. ^ "KB증권 | 금융도 쇼핑이다!". www.kbsec.com. Retrieved 2025-04-29.
  23. ^ LLC, Jefferies Group (2020-12-07). "Jefferies Announces Co-Brand Alliance with KB Securities in South Korea - 뉴스와이어". www.newswire.co.kr (in Korean). Retrieved 2025-04-29.
  24. ^ "KB Financial Group, Blackstone to collaborate on 'joint investments'". koreajoongangdaily.joins.com. 2024-05-20. Retrieved 2025-04-29.
  25. ^ "KB Financial recommends CEO candidates for 4 affiliates - The Korea Times". www.koreatimes.co.kr. 2024-12-06. Retrieved 2025-04-29.
  26. ^ "KB증권 김성현·이홍구, IB-WM 양날개 연간 영업익 7808억원…상품운용수익 등 호조 [금융사 2024 실적]". 한국금융신문 (in Korean). 2025-02-05. Retrieved 2025-04-29.
  27. ^ "Korea's best investment bank 2023: KB Securities". x Asiamoney. 2023-12-07. Retrieved 2025-04-29.
  28. ^ 신동윤 (2024-08-22). "KB證, ICT 어워드 코리아 2024 '디지털 콘텐츠&마케팅 분야' 통합 대상 수상". 헤럴드경제 (in Korean). Retrieved 2025-04-29.
  29. ^ "16회 한국IB대상…KB증권 종합대상". 한국경제 (in Korean). 2025-02-17. Retrieved 2025-04-29.
  30. ^ 이투데이 (2024-11-27). "'이투데이 올해의 마켓리더 대상' KB증권, 거래소 이사장상 수상 [포토]". 이투데이 (in Korean). Retrieved 2025-04-29.
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Website: English website

KB Financial Group: https://www.kbfg.com/eng/index.jsp

KB Securities annual comprehensive report: DART filing

KB Securities LinkedIn: https://www.linkedin.com/company/kbsecurities