Kiwoom Securities, NH Nonghyup Bank Join Hands to Boost 'Investment Advisory' Services
Kiwoom Securities said on the 14th that it had signed a memorandum of understanding (MOU) with NH Nonghyup Bank to ensure the stable operation and expansion of investment advisory services.
Executives from both companies, including Hong Wanki, head of the S&T Market Division at Kiwoom Securities, and Yoo Sanghyeon, head of the WM Business Division at NH Nonghyup Bank, attended the signing ceremony at NH Nonghyup Bank’s headquarters in Jung-gu, Seoul, on the afternoon of the 13th.
Hong Wangi (left), head of the S&T Market Division at Kiwoom Securities, and Yoo Sanghyun, head of the WM Business Division at NH Nonghyup Bank, sign a business agreement at NH Nonghyup Bank's headquarters on the afternoon of the 13th. Kiwoom Securities
View original imageThe two companies agreed to cooperate in several areas, including ▲ensuring the stable operation of investment advisory services and related platforms; ▲upgrading investment advisory services and platforms; and ▲content, promotion and education to expand investment advisory services.
NH Nonghyup Bank will provide investment advisory services to wealth management clients using Kiwoom Securities’ advisory platform as its service operating infrastructure. The two companies plan to continue ensuring the stable operation of the investment advisory services and upgrading the platform, drawing on their respective expertise.
Currently, more than 18 investment advisory firms and other providers offer advisory services to clients through Kiwoom Securities’ advisory platform. The agreement is expected to further broaden the range of advisory services available to NH Nonghyup Bank customers.
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“The investment advisory services market in Korea is steadily expanding its reach,” said Hong Wanki, head of the S&T Market Division at Kiwoom Securities. “By combining Kiwoom Securities’ platform operating capabilities with NH Nonghyup Bank’s expertise in wealth management and advisory services, we will improve customers’ access to investment advisory services.”
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