LS Securities said on the 24th that it held the 27th regular shareholders meeting and board of directors meeting at its headquarters in Yeongdeungpo-gu, Seoul, and newly appointed Hong Won-sik as CEO.
Born in 1964, the new CEO Hong served at the International Affairs Department of the Securities Supervisory Board, the international finance team at LG Securities, as deputy branch manager of Bank Boston's Seoul branch, an inside director at Global & Associates, head of management infrastructure at Ebest Investment & Securities, CEO and president at Ebest Investment & Securities, and CEO and president at Hi Investment & Securities.
LS Securities said, "The new CEO Hong will lead the company's continued growth based on outstanding leadership, strategic planning skills, and stable risk management capabilities."
The new CEO Hong said, "We will restore a securities firm's core competencies and build a sustainable profit structure so that the market can properly assess the company's value."
Meanwhile, at this shareholders meeting, a cash dividends agenda item of 34.1 billion won was also approved. As a settlement of account dividend, 500 won per common share will be paid. In addition, the following agenda items passed as originally proposed: ▲ approval of the 27th financial statements ▲ approval of partial amendments to the articles of incorporation ▲ appointment of an outside director to serve as an audit committee member ▲ approval of the limit on directors' remuneration.