SBI Holdings establishes investment company in Korea
SBI Holdings Inc (TYO:8473) today announced the establishment of an investment company, called SBI Capital Co., Ltd. in Korea. SBI Capital, with a head office in Seoul, will commence its start operations as soon as possible, subject to obtain authorizations and licenses from the relevant authorities.
SBI Holdings owns SBI SAVINGS BANK, which is the largest savings bank in Korea, and SBI Investment Korea, which is engaged in venture capital business in Korea, as group companies, through which then we have invested in a variety of venture companies and fintech companies.
However, in light of the recent tighten regulations on investment management businesses of savings bank in Korea, and the increasing complexity and diversity of the market environment due to the evolution of technology, we have determined that it is necessary to sophisticate the current activity structure and to establish a new investment company.
In the future, SBI Capital will be the starting point for expanding venture investments and investments in the field of fintech. The aim is to establish SBI Capital as a corporate brand of an investment company in Korea and to build a financial ecosystem that leverages synergies among SBI SAVINGS BANK, SBI Investment Korea, and SBI Capital.