Expansion of IT Workforce and Organization… Securing Performance Analysis and Verification System
Strengthening IT Performance and Stability with the New Ledger System
Kiwoom Securities is making significant investments to dramatically improve the stability of stock trading. In addition to the approximately 100 billion KRW it spends annually on computing costs, it plans to invest an additional 30 billion KRW in the IT sector this year.
On September 4th, Kiwoom Securities announced that it has prepared an “IT Stability Enhancement Plan” focusing on expanding IT investments, staffing, and organizational strengthening.
Before making its large-scale investment, Kiwoom Securities will consult with external professional organizations. By the end of this month, it plans to conduct a comprehensive diagnosis of system quality and information security and establish improvement tasks and implementation roadmaps based on the findings.
The company will also execute a preventive stabilization strategy. To achieve this, it plans to strengthen IT infrastructure verification and quality management systems. It intends to advance its verification system by testing newly developed functions in an environment similar to the actual system operating environment.
Additionally, Kiwoom Securities will create dedicated teams responsible for internal IT control and performance analysis, as well as verification systems that identify risks in advance and respond accordingly. The company also plans to enhance its own IT workforce to bolster internal IT controls and personal information protection.
A new ledger system is being established to accommodate an increase in customers and order volume. This aims to improve transaction stability by allowing flexible responses to sudden surges in usage.
Investments will also be made to strengthen customer information security. Measures will include applying the latest security technologies and enhancing integrated security monitoring systems to quickly detect and respond to external intrusion attempts.
A representative from Kiwoom Securities stated, “Through large-scale IT investments, we will significantly improve system stability so that our customers can trade more reliably.”