Korea Investment & Securities Posts Record High Net Profit of 709.9 Billion KRW Last Year... Largest Ever for a Securities Firm

[Asia Economy Reporter Koh Hyung-kwang] Korea Investment & Securities recorded a net profit of over 700 billion KRW last year, achieving the highest performance ever among domestic securities firms. Its equity capital increased by 1 trillion KRW to reach 5.5 trillion KRW.

Korea Investment & Securities announced on the 6th that it posted a net profit of 709.9 billion KRW last year. This represents a 42.2% increase compared to the previous year's net profit of 499.3 billion KRW, marking the highest annual performance recorded by a domestic securities firm.

Revenue reached 10.22 trillion KRW, and operating profit was 865.3 billion KRW, up 27.2% and 34.3% respectively from the previous year. Equity capital also increased by more than 1 trillion KRW in one year to 5.4585 trillion KRW.

The growth in performance was driven by increased earnings in the Investment Banking (IB) and Trading divisions. The return on equity (ROE), a profitability indicator, also maintained the industry's highest level at 14.3%.

A Korea Investment & Securities official explained, "Despite the sluggish stock market due to domestic and international adverse factors, we achieved record-high performance thanks to a diversified revenue structure and enhanced synergy among business divisions."

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