'KB증권 vs NH투자증권' 올해도 공모채 주관 1위 '선두 다툼'

KB Securities and NH Investment & Securities are locked in tight competition for market leadership in Korea's debt capital market, with KB maintaining a narrow lead (21.5% vs 18.8% market share) in H1 2026. As DCM becomes a stable revenue pillar for securities firms, the ability to distribute large offerings and maintain strong issuer networks has emerged as the critical competitive differentiator. The minimal gap suggests market leadership could shift in H2 depending on who captures larger deals.