[11번 종투사]① 교보증권, 생명發 증자 리스크 해소…PF는 과제

Kyobo Securities is accelerating its transition into a top-tier player by clearing legal hurdles for capital expansion, signaling a potential shift in the competitive landscape of the brokerage industry. However, its significant exposure to real estate Project Financing remains a critical systemic risk that must be managed to successfully achieve Mega IB status.