NH Investment & Securities Sets Sights on IMA License

NH Investment & Securities has taken a significant step towards entering the Integrated Investment Account (IMA) business by approving a paid-in capital increase of 650 billion won, meeting the 8 trillion won equity capital requirement mandated by South Korea’s Capital Markets Act.

Strategic Moves Towards Global Investment Banking

With CEO Yun Byeong-un at the helm of a dedicated task force, the company is fast-tracking its application for an IMA business license, targeting completion by the end of Q3. This move places NH Investment & Securities alongside Korea Investment & Securities and Mirae Asset Securities in the race to capitalize on the IMA's potential for high returns and principal protection.

Financial Performance and Future Plans

The company also unveiled impressive first-half results, with operating and net profits witnessing significant year-on-year growth. Its Investment Banking division's achievements, including leading roles in major deals, underscore its competitive edge. Looking ahead, NH Investment & Securities plans to bolster growth through technological enhancements and strategic expansions, aiming to leverage its AA+ credit rating and governance stability for a competitive retail investment strategy.