Kiwoom Securities customer base surpasses 9.05 million, up 11%

Kiwoom Securities said its individual customer base exceeded 9.05 million at the end of July, up roughly 920,000, or 11%, from 8.13 million a year earlier. The number of high-net-worth clients with at least 1 billion won (approximately $720,000) in deposited assets rose 80.7%, while those with at least 3 billion won ($2.16 million) increased by about 90%. Their leading holdings shifted toward Samsung Electronics, SK Hynix, Hyundai Motor, Doosan Enerbility and Samsung Electro-Mechanics, while NAVER and Kakao lost ground. Investors in their 20s and 30s favored SK Hynix for its growth potential, whereas those in their 40s and older continued to prefer Samsung Electronics for its market leadership and stability. Hyundai Motor entered the top holdings across all age groups, and Samsung Electronics preferred shares newly appeared among the leading holdings of investors aged 30 and older. The growth comes as Kiwoom expands from a brokerage-focused retail model into wealth management, with retail asset management balances surpassing 10 trillion won (approximately $7.2 billion) in March this year.

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