DB Financial Investment will change its name on the 1st and start anew as 'DB Securities.'
DB Securities stated in a press release that "this name change is more than just a simple change of title, but rather a starting point for enhancing corporate value and sustainable growth," adding that it plans to expand its customer base centered around its key strategy, the PIB (PB + IB) business model, and strengthen the momentum of change and growth through improved revenue.
DB Securities noted, "With the name DB Securities, we will further enhance trust with customers and the market, continue exemplary value-up activities, and establish ourselves as a securities firm that grows alongside its customers."
Last September, DB Securities became the first small and mid-sized securities firm to announce and sequentially implement its corporate value enhancement plan.
In particular, the management's voluntary stock buybacks are ongoing. Following November of last year, they plan to buy back an additional 3 billion won worth of treasury stock this year and have also implemented a cash dividend of 400 won per share. Furthermore, they achieved a remarkable shareholder return performance, exceeding the targeted 40% shareholder return rate set last year.