Kyobo Securities Dismisses WM Division Head Park After 10 Months; 6-Month Pay Cut Over Conduct Breach

According to the financial investment sector on July 24, Kyobo Securities dismissed WM Business Division Head Park (executive director) from his position due to disciplinary action and breach of mutual respect standards. Park, who was appointed internally to the role in September 2025, served approximately 10 months before the dismissal. The disciplinary measure included a six-month salary reduction.

Kyobo Securities stated that Park retained his director rank and continues duties in another capacity; the successor WM Business Division Head position remains vacant. The dismissal comes as the firm pursues aggressive retail and wealth management expansion to meet 2029 targets.