Korea Investment & Securities noted on the 13th that both operating profit and net profit exceeded 1 trillion won last year.
On the same day, Korea Investment & Securities announced through its provisional financial results that last year's net profit was 1.1123 trillion won (on a consolidation basis), which is an 86.5% increase compared to the same period last year. Operating profit for the same period recorded a 93.3% increase to reach 1.2837 trillion won.
By institutional sector, the performance of brokerage (BK) improved thanks to increased overseas stock transaction volumes. The investment banking (IB) sector led the equity capital markets (ECM) and debt capital markets (DCM), while fees related to project financing (PF) significantly increased as they recovered. Additionally, driven by an increase in bond issuance and sales and the resulting expansion of operating profits, related net operating revenue more than doubled compared to the previous year.
The growth of the asset management (WM) sector was also prominent. The balance of financial products for individual clients at Korea Investment & Securities increased significantly from 53.4 trillion won to 67.8 trillion won in the past year. This means that around 12 billion won of new funds have been entering through retail every month.
A representative from Korea Investment & Securities said, "This year, we will focus on globalizing all business areas and securing differentiated competitiveness," and added, "In the future, we plan to capture various business opportunities in the global market, providing them timely to domestic investors and growing together with our clients."