As Korea Investment & Securities President Yoo Sang-ho, 56, has succeeded in serving his 8th term, he has recorded the longest stay in office in the securities industry.
On March 26, Korea Investment & Securities agreed to reelect him as its president in the regular general meeting of stockholders at the headquarters in Yeouido. Accordingly, Yoo has served as president of Korea Investment & Securities for nine years.
Generally, CEOs of stock firms maintain the post for a shorter time than those in other industries. Since their performance varies depending on the ebb and flow of the market, its average incumbency is only about two years. Under the circumstances, it is exceptional that Yoo has served an 8th term. Born in 1960, he was elected as the youngest CEO of a securities firm in 2007 at the age of 47.
Regardless of a difficult situation last year, Korea Investment & Securities recorded 306.7 billion won (US$277.56 million) in operating profits, a 219.1 percent increase from the previous year.
Notably, the company accomplished the result by diversifying its profit source, rather than a personal reduction, unlike other securities firms.
Yoo is highly regarded to turn Korea Investment & Securities into the most lucrative securities company in the industry by strengthening its abilities in asset management and investment banking since he took office in 2007.