Korea Investment Holdings Co., Ltd.

Korea Investment Holdings spent the past year dedicated to diversifying the entire Group's profit structure and strengthening the domestic and overseas competitiveness of a key subsidiary, Korea Investment & Securities. Despite the headwinds posed by challenging circumstances in the global market, we managed to record a sound performance across the investment banking, trading, and credit segments to satisfy our customers' and shareholders' expectations.
In 2023, we faced a series of challenges at home and abroad due to the increased uncertainty and volatility in the financial market. However, KIH was able to achieve meaningful results despite difficulties by focusing on building long-term growth engines without wavering.
Local and overseas financial environments are forecast to remain unstable in 2024. Despite the rapidly changing business environment, KIH will overcome these difficulties as we have prevailed over past challenges to achieve growth. Following the adage that we should go back to the basics during hard times, the entire KIH family is devoted to readjusting our business strategy to maximize customer value. KIH will continue to strive to be the best in Asia.

Risk Management: We will foster a sound risk culture and reinforce the Group's risk management standards.

This means advancing risk management infrastructure, strengthening monitoring, and introducing more sophisticated processes for each subsidiary and the overall Group. In this way, we can remain one step ahead in preparing for uncertainties and respond effectively to abrupt changes in the financial environment. We will also review our risk-related organization and add reinforcements, including more personnel, as needed.

Global Business Expansion: We will venture more boldly into overseas markets to expand our global business.

In addition to expanding our overseas network and pursuing localization, KIH will broaden our business scope and market portfolio, and secure new growth engines as we prepare the foundation for a new business model in an era of low growth and low interest rates.

Digital Innovation: We will actively enhance management efficiency through digital innovation.

We will accelerate digitalization by expanding data-based management and connecting our financial systems to digital channels and platforms. Internally, we will build a ubiquitous working environment and promote a productive corporate culture to prioritize work that delivers value and enhance our overall efficiency.