Kiwoom Securities

Kiwoom Securities is a South Korean financial services company based in Seoul. Founded in 2000, the company managed US$38.1 billion in assets in 2022 and was ranked on the Forbes Global 2000 list. Kiwoom acts as a broker for both foreign and domestic stock exchanges and futures exchanges. The company additionally provides other financial services, such as investment, risk management, asset management, and investment strategy research.^[2]

Kiwoom Securities

Company type	Public
Industry	Financial services
Founded	January 31, 2000; 25 years ago (2000-01-31) in Seoul, South Korea
Headquarters	Seoul
Key people	Hyun-soon Hwang (CEO)
Revenue	US$2 billion (2022)[1]
AUM	US$38.1 billion (2022)[1]
Number of employees	941[1] (2022)
Parent	Daou Technology Inc.
Website	kiwoom.com

History

Kiwoom Securities was founded on January 31, 2000, in Seoul. On March 15, 2001, Bong-soo Kim, one of the company's founders and the eventual chairman of the Korea Exchange, was appointed as chief executive officer and president. On April 23, 2004, Kiwoom become a public company and posted its initial public offering on the KOSDAQ market.^[3]

In November 2018, Kiwoom signed a five-year, ₩10 billion (US$9.5 million) contract to acquire the naming rights for the KBO League's Seoul-based Heroes baseball team, officially renaming it as the Kiwoom Heroes for the 2019 season.^[4]

In May 2023, the Financial Supervisory Service began an investigation of Kiwoom for alleged acts of stock manipulation. News of the investigation caused Kiwoom's stock price to fall.^[5]