Samsung Securities

Samsung Securities Co., Ltd.
Native name	삼성증권 (三星證券)
Formerly	Hanil Investment & Finance; Kookje Securities
Company type	Public
Traded as	KRX: 016360
Industry	Financial services
Founded	October 19, 1982; 42 years ago
Headquarters	Seoul, South Korea
Key people	Seok Hoon Chang (CEO)
Products	Investment banking; Sales and trading; Wealth management
Revenue	KRW 2.40 trillion (2021)
Net income	KRW 965.34 billion (2021)
Total assets	KRW 65.71 trillion (2021)
Total equity	KRW 6.08 trillion (2021)
Owners	Samsung Life Insurance (29.60%); National Pension Service (11.30%)
Number of employees	2,397 (2021)
Parent	Samsung
Website	www.samsungsecurities.com
	Footnotes / references;

Samsung Securities Co., Ltd. (Korean: 삼성증권) is a South Korean financial services company headquartered in Seoul, South Korea, and a subsidiary of Samsung Group. It is one of the largest securities companies in Korea.^[2]

History

On 19 October 1982, Hanil Investment & Finance was established.^[1]^[3]

In 1988, the company was publicly listed on the Korea Exchange.^[1]

In 1991, the company changed its name to Kookje Securities.^[1]

In 1992, the company was incorporated into the Samsung Group and was rebranded to Samsung Securities.^[1]^[3]

In 1996, the company attempted to set up a joint venture with J.P. Morgan & Co. to sell mutual funds in Korea but by 1997, the venture failed.^[4] In 1998, the company was the first to sell mutual funds in Korea.^[1]

In 2000, the company merged with Samsung Investment Trust.^[1]

In 2014, the company's ownership of Samsung Asset Management was transferred to Samsung Life Insurance.^[5]

In 2018, the company set up a team specializing in analysing investments related to North Korea, the first in the industry to do so according to a statement issued.^[6]^[7]

The company has signed partnerships with various companies. These include Rothschild & Co (2008),^[1]^[8] Neuberger Berman (2014),^[9] KGI Securities (2016)^[1]^[10] and Societe Generale (2018).^[11]

The company has opened offices overseas. These include London (1996), New York (1998) and Hong Kong (2001).^[1]^[12]

2018 Samsung fat-finger error

On 8 April 2018, an employee of Samsung Securities mistakenly distributed shares worth US$100 billion to employees.^[13]^[14] The error happened when the company tried to pay a dividend to about 2,000 employees who participated in the company stock ownership plan.^[13]^[14] The intent was to give each of those employees 1,000 South Korean won, worth about US$1, but instead issued 2.8 billion shares.^[13]^[14] These shares were worth about 112.6 trillion won, or 30 times the market capitalization of the company.^[13]^[14]

The error caused the price of the company's stock to drop by 11 percent within a day and to fluctuate after that.^[13]^[14] By 7 May 2018, the company stated that it would file criminal lawsuits against employees who sold their shares during the fat finger incident.^[13]