Bae Hyung-geun, president of Hyundai Motor Securities, said, “I will become a game changer in the securities industry,” adding, “We will enhance financial soundness and improve revenue by maximizing capital efficiency through the capital secured via the stock issuance.”
Bae said this at the 71st regular general meeting of shareholders held on the 27th at the Korea Fire Insurance Association Building in Yeouido, Seoul. The agenda items for the meeting, which included ▲approval of financial statements and retained earnings distribution ▲amendments to the articles of incorporation ▲appointment of directors and audit committee members, were all approved as originally proposed.
Bae noted, “We will enhance our digital infrastructure through the establishment of next-generation systems and proactively introduce future technologies, including retirement pension robo-advisors (RAs) and generative artificial intelligence (AI) chatbots.”
The company also decided to promote improvements in business structure. Hyundai Motor Securities cited specific examples such as the launch of a family office for VIP client management, activation of advisory services for mergers and acquisitions (M&A) of small and medium-sized enterprises, and expansion of non-real estate investments in renewable energy.
Hyundai Motor Securities will also enhance risk management and strengthen operational efficiency and stability by introducing an investment banking (IB) work system and a liquidity management system. The company remarked that it will push forward the '2045 carbon neutrality' roadmap without any setbacks.