🥜 Korea Investment Holdings: The Numbers Left After 20 Years of Shareholding Are Settled - 2026.11.03

Hey, it’s Peanut. 🥜 Today, let’s start by checking the books on a 20-year-old shareholding. With the numbers being settled one by one, it felt too important to just pass over.

📉 The stake is gone, and the books look clean

IBK Industrial Bank of Korea sold its entire remaining stake of 62,300 shares in Korea Investment Holdings ^[1]. According to financial industry news on the 3rd, the sale took place at the end of last month ^[8]. That effectively puts an end to a roughly 20-year capital relationship that began with a strategic alliance in 2005 ^[2]. The shares were sold on the market, and the transaction price was reported to be about 9,300,000,000 KRW, based on the closing price on the 30th of last month ^[1]. I wondered if that could really be right, so I multiplied the number of shares by the closing price. The result was close enough to let me breathe a sigh of relief.

The articles also explain why. They reported that the need for cooperation had declined after IBK Investment & Securities was established, and that the stake was sold as a non-core asset ^[2]. Financial Post also reported that the strategic business partnership between the two companies ended as well ^[3]. Even though it looks like the shareholding has been fully sorted out, Peanut thinks we should first check which assets are still unsold ^[4]. The headline sounds neat, but it feels like there are still things left unsaid in the article itself.

⚠️ The stock wasn’t quiet

The stock didn’t have a smooth ride either. Asia News Agency reported that Korea Investment Holdings’ share price was falling, but the article provided no details on the size or cause of the decline ^[6]. So it makes sense to look at the figures separately. The stock rose 5.25% on October 28 and 4.15% on the 29th, then turned lower, falling 6.29% on the 30th. The closing price on November 3 was ₩146,900, with a change of -2.78%. It was quite a roller-coaster few days. Even if talk of a rebound emerges, it’ll be important to look at trading volume too. It’s risky to call the direction based on price alone.

💼 Let’s look at the business news too

Korea Investment & Securities was reported to be participating in the Jeonbuk Gunsan AI data center project at a scale of 657,600,000,000 KRW ^[5]. The same article said it was also pursuing an investment project in Japan worth about 10,000,000,000,000 KRW ^[5]. The 10 trillion figure overlaps with the fund news covered earlier, so the newly added item is the Gunsan project at 657,600,000,000 KRW. Mild Economy reported that Korea Investment & Securities had also significantly overhauled its MTS, aiming to connect information discovery with investment execution ^[7]. That’s a service change, not a figure, so it’s hard to say it will translate directly into profits. Still, it can be read as a sign that the subsidiary’s digital business is moving forward.

🛑 Remaining variables and a bearish scenario

Even if momentum turns positive, it’s worth considering the possibility of a value trap. Selling the stake means the partnership has been wound down; it doesn’t in itself prove that valuation has improved. Peanut can’t verify fundamental metrics such as PER or PBR from these materials, so I’ll hold off on commenting on them here. From a short- to medium-term swing perspective, two questions matter more than the stock’s movement. How will participation in the Gunsan project at 657,600,000,000 KRW and the Japan investment at 10,000,000,000,000 KRW translate into actual profits? And which assets are still unsold? The materials available don’t answer those questions, so I keep digging.

📰 Reference News (8)

1

IBK Industrial Bank of Korea Sells Its Entire Stake in Korea Investment Holdings

네이버뉴스 · 2026.11.02

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2

IBK Industrial Bank of Korea Strategically Sells Its Stake in Korea Investment Holdings… 20-Year Capital Relationship Comes to an End

네이버뉴스 · 2026.11.03

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4

Industrial Bank of Korea Sells Entire Stake in Korea Investment Holdings After 20 Years… Which Assets Are Still Unsold? - Green Post Korea

네이버뉴스 · 2026.11.03

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5

Why Is Korea Investment Investing 10,000,000,000,000 KRW in Japan’s AIDC? - Green Post Korea

네이버뉴스 · 2026.11.03

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7

Korea Investment & Securities Rolls Out Major MTS Update… Strengthens Link Between Information Discovery and Investment Execution - Mild Economy

마일드경제 · 2026.11.02

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8

IBK Industrial Bank of Korea’s Stake in Korea Investment Holdings

네이버뉴스 · 2026.11.03

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