Daou Technology Inc., Republic of Korea, is a public multinational company that specializes in marketing communication and commerce products and services, applications for enterprise, and IDC including IT consulting service. Daou Technology was founded in 1986 by Ik Rae, Kim while he played a leading role in advancement of database management system and web technology by localizing Informix RDBMS software and Netscape web browser for the first time in 1995. An initial public offering took place in Korea Stock Exchange on August 27, 1997, and Daou Technology announced plans to expand its business into the finance industry. In January 2000, the company set up an online stock brokerage service, Kiwoom Securities, company's the most notable effort to being the Nation's first online brokerage provider. Daou Technology has been a parent company since Kiwoom securities’ establishment, and possesses 47.7 percent of stake in the ownership of Kiwoom securities as of the end of FY2017. Entering into 2000, the company focus on software and IT consulting services business for the improvement of profitability as profit margins of hardware business fallen. Wikipedia