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DAOL Financial Group company logo
Diversified Financial Services
daolsecurities.com

Investments

6

Portfolio Exits

2

Partners & Customers

1

About DAOL Financial Group

DAOL Financial Group (KRX: 030210) provides brokerage, investment trust, and underwriting services. The company also provides services in the areas of cyber trading, mutual funds, asset-backed securities (ABS) issuing, municipal bonds trading, and venture capital. The DAOL Financial Group includes DAOL Asset Management Co., DAOL Investment, DAOL Ventures, KTB PE, and more.

Headquarters Location

KTB Building 66, Yeoui-daero, Yeongdeungpo-gu

Seoul, 07325,

South Korea

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Latest DAOL Financial Group News

Daol Investment Securities to issue public bonds for first time

Jul 18, 2023

The Korea Times Posted : 2023-07-18 16:05 Success of Daol's securities bonds to gauge market sentiments of H2 By Anna J. Park Daol Investment & Securities is planning to issue public corporate bonds for the first time since its establishment in 2008. The move is seen as solidifying the firm's borrowing structure long term. According to the company on Tuesday, it plans to begin a book-building process at the end of this month to figure out demands for its issuance totaling 80 billion won ($63 million). The bonds will be comprised of one-year and 18-month maturities, with the possibility of increasing the issuance amount up to 100 billion won. The target interest rates for the bonds are to be set higher than those of more stable financial institutions, planned at a maximum of 6.9 percent for one-year maturity and 7.3 percent annual interest for the 18-month maturity. Currently, the firm is assigned a credit rating of A, or Stable, by Korea Ratings. Since the foundation of KTB Investment & Securities, the former entity of the brokerage unit of Daol Financial Group in 2008, it is the first time that it will increase capital through a public offering. The company has so far used to attract capital from private placement offerings. Earlier this year, Daol Investment & Securities issued 45 billion won worth of private placement bonds. Change in the issuance method is attributed to the company's intention to stably extend the maturity of its borrowing structure through long-term corporate bonds. The firm aims to replace short-term borrowings, such as commercial papers and electronic short-term bonds, with relatively longer-term public bonds. By doing so, Daol seeks to strengthen its long-term borrowing capabilities and potentially reduce refinancing risks. However, the firm needs to overcome the remaining negative market sentiment over bonds issued by securities firms. Securities bonds are preferred less, due partly to their exposures to real estate project financing (PF) as well as outstanding receivables related to Contract for Difference (CFD) amid stock market manipulation schemes earlier this year. The fact that Daol Investment & Securities underwent a major restructuring process, following a liquidity challenge amid last year's real estate PF crisis, also partially explains investors' lingering uncertainty about the company. Market watchers say the success of the firm's public bond issuance will be a gauge to check the investment sentiment for securities bonds in the second half of this year.

DAOL Financial Group Investments

6 Investments

DAOL Financial Group has made 6 investments. Their latest investment was in Nuanwa Technology as part of their Series A - II on October 10, 2021.

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DAOL Financial Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/21/2021

Series A - II

Nuanwa Technology

Yes

3

4/9/2019

Series A

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$99M

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10

4/11/2016

Angel

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$99M

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10

6/8/2012

Series B

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$99M

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10

1/31/2012

Series A

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$99M

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0

Date

10/21/2021

4/9/2019

4/11/2016

6/8/2012

1/31/2012

Round

Series A - II

Series A

Angel

Series B

Series A

Company

Nuanwa Technology

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Amount

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

3

10

10

10

0

DAOL Financial Group Portfolio Exits

2 Portfolio Exits

DAOL Financial Group has 2 portfolio exits. Their latest portfolio exit was Pod Inn on October 14, 2016.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/14/2016

IPO

$99M

Public

7/1/2010

IPO

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$99M

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0

Date

10/14/2016

7/1/2010

Exit

IPO

IPO

Companies

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Valuation

$99M

$99M

Acquirer

Public

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Sources

0

DAOL Financial Group Acquisitions

1 Acquisition

DAOL Financial Group acquired 1 company. Their latest acquisition was Magnachip Semiconductor on June 15, 2009.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

6/15/2009

$99M

Asset Sale

Date

6/15/2009

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Asset Sale

Sources

DAOL Financial Group Partners & Customers

1 Partners and customers

DAOL Financial Group has 1 strategic partners and customers. DAOL Financial Group recently partnered with Global Alliance Partners on May 5, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

5/21/2019

Partner

Hong Kong

Global Alliance Partners welcomes new Partner in Korea – KTB Financial Group

Mr. Pouliot commends Hong Kong partner , Tonghai Financial for introducing KTB Investment & Securities to Global Alliance Partners .

1

Date

5/21/2019

Type

Partner

Business Partner

Country

Hong Kong

News Snippet

Global Alliance Partners welcomes new Partner in Korea – KTB Financial Group

Mr. Pouliot commends Hong Kong partner , Tonghai Financial for introducing KTB Investment & Securities to Global Alliance Partners .

Sources

1

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