KTB Investment & Securities Reports Record High Net Profit of 50.1 Billion KRW Last Year

Achieved 380 Billion KRW in Sales and 37.3 Billion KRW Operating Profit Last Year
Net Income Hits Record High Since 2008 Securities Firm Conversion

[Asia Economy Reporter Minwoo Lee] KTB Investment & Securities recorded its highest-ever performance last year by surpassing 50 billion KRW in net profit.

KTB Investment & Securities announced on the 5th that it achieved consolidated sales of 381 billion KRW and operating profit of 37.3 billion KRW last year, representing increases of 6.2% and 0.4% respectively compared to the previous year. In contrast, net profit saw a significant rise, reaching 50.1 billion KRW, up 45.7% year-on-year. Surpassing 50 billion KRW in net profit is the first and highest record since the company transitioned to a securities firm in 2008.

The growth was attributed mainly to the upward trend in domestic and overseas real estate and alternative overseas investments. KTB Investment & Securities has maintained solid performance in the domestic real estate finance sector for several years. Additionally, it strengthened its overseas alternative investment portfolio with acquisitions such as a logistics facility in Dublin, Ireland (approximately 200 billion KRW) and investment in the TI Center building in Vienna, Austria (390 billion KRW). In January last year, the company also entered the over-the-counter derivatives market, securing new revenue sources.

Subsidiaries also contributed with commendable results. KTB Network recorded a net profit of 15.8 billion KRW, an increase of 6.3 billion KRW compared to the previous year. Its total assets under management (AUM) reached 883.5 billion KRW, with overseas investments accounting for 36% of the portfolio, driving performance growth. The successful initial public offerings (IPOs) of six invested companies, including Cellid and Olipass, also provided support. Holding high-quality startup investment assets such as Woowa Brothers and Viva Republica, the outlook is for continued growth.

KTB Asset Management achieved a net profit of 7 billion KRW. As of the end of last year, its AUM increased by 17% year-on-year to 12.5 trillion KRW. The alternative investment division’s entrusted assets also grew to 3.7 trillion KRW.

A KTB Investment & Securities official stated, "We have strengthened expertise in the investment banking (IB) division while building a balanced revenue portfolio across all business units, and our subsidiaries continue to maintain stable growth. Going forward, we will solidify our position as a mid-sized securities firm through the creation of new revenue sources and business expansion."

This content was produced with the assistance of AI translation services.