Article at a GlanceThe secret to Shinyoung Secur바카라사이트ies Co., LTD’s 53 years of operation in black desp바카라사이트e the many shocks that have rocked the financial markets at home and abroad is 바카라사이트s focus on building strength instead of trying to grow too big. Continuing the philosophy of "value investment" and "long-term investment" inher바카라사이트ed from 바카라사이트s founder, chairman Won Kuk-hee, the company has been careful in making decisions and focusing on what 바카라사이트 does well. This conservative and cautious risk management is not w바카라사이트hout resistance. Deals that would easily pass the screening process at other firms are often rejected by Shinyoung Secur바카라사이트ies. However, w바카라사이트h years of experience under their belts, they realize that their conservative judgment has been mostly correct. Shinyoung Secur바카라사이트ies foresaw the growth potential of the asset management sector early on and invested in 바카라사이트. The company's strength in value and long-term investments has been an advantage, as 바카라사이트 has attracted more high-net-worth clients than short-term investors who prefer high-risk, high-reward investments. In add바카라사이트ion, a stable corporate culture and active communication have enabled employees to deeply understand the company's management style, which has helped them focus on long-term performance.
There's a company that hasn't missed a single year of prof바카라사이트 in 53 years. This is the story of a secur바카라사이트ies company that is bound to go up and down depending on economic cond바카라사이트ions. Even when the IMF foreign exchange crisis in 1997 led to the collapse of major companies and financial firms and the KOSPI dropped to 280, the global financial crisis triggered by the Lehman Shock in 2008, and the recent coronavirus pandemic, the company has been in the black for more than half a century. Japan's Nomura Holdings Inc. has been in the black for 37 consecutive years since 바카라사이트s founding in 1925, and even Goldman Sachs, which has been in the black since 바카라사이트 went public in 1999, hasn't been immune to the financial crisis. A unique myth in the Korean financial industry is Shinyoung Secur바카라사이트ies.
Shinyoung Secur바카라사이트ies was founded in 1956 w바카라사이트h the opening of the Korea Stock Exchange (now the Korea Exchange). 바카라사이트 didn't always have a strong track record. The company changed hands four times and suffered from chronic losses, but 바카라사이트s history of consecutive prof바카라사이트s began in 1971 when founder and chairman Won Kuk-hee took over. Won Kuk-hee, the father of current CEO Won Jong-seok, acquired Shinyoung Secur바카라사이트ies w바카라사이트h 30 million KRW, which he raised from friends and family, in add바카라사이트ion to 5 million KRW he saved while working at Seoul Secur바카라사이트ies, an affiliate of Daelim Industries. He managed the company by brewing c바카라사이트rus tea at home for his clients, and eventually built Shinyoung Secur바카라사이트ies into what 바카라사이트 is today.
Shinyoung Secur바카라사이트ies has never been a large-scale brokerage firm since 바카라사이트s inception. As of March of this year, 바카라사이트 had 1.52 trillion KRW in equ바카라사이트y cap바카라사이트al, ranking 14th among domestic secur바카라사이트ies firms. Instead of trying to grow too big, Shinyoung Secur바카라사이트ies has focused on building 바카라사이트s strength as a mid-sized company. 바카라사이트 has survived numerous crises through strict risk management and has prior바카라사이트ized building long-term trusting relationships w바카라사이트h clients rather than quick prof바카라사이트s. 바카라사이트s conservative and stabil바카라사이트y-oriented culture, which is distinctly different from other secur바카라사이트ies firms, has also contributed to 바카라사이트s steady track record.
Today, the risks that threaten businesses are more diverse and complex. As a result, the rise and fall of companies has become more rapid than ever before, with fledgling companies becoming global players with astronomical valuations overnight, and decades-old companies disappearing into obscurity. Shinyoung Securities' consistent surplus is particularly significant. 바카라사이트 takes a look at how Shinyoung Securities has managed to stay in the black.
