Hanwha Investment & Securities will pursue up to 900 billion Korean won in new capital to strengthen its finances and prepare to enter the Comprehensive Financial Investment Business Entity (CFIBE) system. The plan includes a 500 billion won third-party allotment paid-in capital increase and up to 400 billion won in new capital securities. Hanwha Asset Management and Hanwha Life will each invest 250 billion won. Hanwha Asset Management will buy 50 million common shares at 5,000 won each, while Hanwha Life will purchase 50 million convertible preferred shares at a 5,000 won conversion price. Hanwha Asset Management's stake will increase from 46.0% to 46.7%. The capital securities will consist of corporate bonds with no maturity or maturities of more than 30 years, paying annual interest. Under the Capital Markets Act, securities firms with at least 3 trillion won in equity capital can apply to the Financial Services Commission (FSC), South Korea's financial regulator, for CFIBE designation. The FSC assesses risk management and internal controls. Designated firms can raise credit limits from 100% to 200% of equity capital and conduct prime brokerage, which includes lending funds to hedge funds. Eleven firms, including Mirae Asset Securities, Korea Investment & Securities, NH Investment & Securities and Samsung Securities, currently hold CFIBE designation. CEO Jang Byung-ho said the expansion would support digital financial innovation, future growth and differentiated competitiveness.