Kyobo Securities chief joins 'life-saving finance' relay campaign

Kyobo Securities announced Friday that it has joined the "life-saving finance" relay campaign.

The campaign is an industry-wide relay challenge aimed at protecting financially vulnerable people from the harms of illegal private lending. It was launched in July under the supervision of the Korea Inclusive Finance Agency.

"The true value of finance lies in safeguarding people's lives and building a better future," Kyobo Securities CEO Lee Seok-gi said. "We will continue to put people first in our financial practice and fulfill our social responsibilities toward our customers and local communities."

Lee joined the campaign after being nominated by Nam Gi-cheon, CEO of Woori Investment Securities, and in turn nominated Cho Hwi-seong, CEO of Kyobo Asset Management, and Shin Ho-cheol, CEO of Kakao Pay Securities, as the next participants.

Kyobo Securities has continued its social contribution efforts, including providing tailored financial education and employee mentoring for youth aging out of the foster care system in August.