Discretionary investment management refers to being entrusted, in whole or in part, with investment decisions regarding financial investment products and other instruments from an investor, and acquiring, disposing of, or otherwise managing such financial investment products on an investor-by-investor basis in consideration of each investor's financial circumstances, investment objectives, and other factors (Article 6 of the FSCMA).

The IPO discretionary investment management service is one in which the client entrusts investment decisions and management to the Company, and the Company directly carries out subscription, allocation, and trading for IPO and pre-/post-listing investment opportunities. We provide integrated management across the entire process, from institutional bookbuilding participation strategies to post-listing selling strategies.

Domestic newly listed IPO shares, Pre-IPO and mezzanine (CB, BW, etc.) linked investments,
and trading in the secondary market after listing, among others.

Professional institutional investors as defined in Article 271(1) of the Enforcement Decree of the FSCMA.