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Friday, 16 October 2015

KorEconomics 101 (한국경제학개론), Part XXIII: IBK Securities - Go with Clients!


IBK Securities (Hangul/Hanja/Romanization: IBK투자증권/IBK投資證券/IBK Tuja Jeunggwon), is a company which engages in financial investment business in South Korea. The company was founded in 2008 and served as a subsidiary of Industrial Bank of Korea a.k.a Kiup Bank. The headquarters of IBK Securities is located at Samdeok Building, 11 GukjeGeumyungno 6-gil, Yeouido-dong 34-beonji, Seoul Yeongdeungpo-gu.

IBK Securities started its business in 2008 with equity capital of 300 billion won. It provides investment banking services to small and medium enterprises (SMEs), while its parent company, Kiup Bank continues commercial lending. In 2009, the company received credit rating A+ by Korea Investor Service. 

On December 23rd 2011, IBK Securities was announced as the preferred bidder for a group of Kumho Asiana’s transportation units including a 100 percent stake in Kumho Buslines, 38.74 percent of Seoul Express Bus Terminal, 12.3 percent of Daewoo Engineering & Construction, and 25 percent of Gyeonggi Expressway. The company already has the experience of being involved in the Kumho Industrial restructuring deal in the same year, the biggest private equity fund led by securities firms.