Kiwoom eyes expansion after acquisition

The chief executive of Korea’s newly combined entity, Kiwoom Asset Management, has pledged to be bold in developing global and alternative solutions for domestic investors. Yoon Suyoung was speaking yesterday at the launch of the entity, formed on the back of a merger between Woori Asset Management and Kiwoom Securities, an online broker focusing on the retail segment with W800 billion ($760 million) in assets under management. State-run company Woori Finance has been offloading…