Samsung Securities Reports Net Profit of 508.6 Billion KRW Last Year... Three Consecutive Years of Record Performance

[Asia Economy Reporter Park Jihwan] Samsung Securities recorded the highest net profit for three consecutive years.

Samsung Securities announced on the 9th that its consolidated operating profit last year was 679.3 billion KRW, a 31% increase compared to the previous year. During the same period, net profit rose by 30% to 507.6 billion KRW.

In the retail sector, both the number of customers and deposited assets increased significantly, strengthening market dominance. Net brokerage fees recorded 685.3 billion KRW, with domestic stocks increasing by 155% and overseas stocks by 228% compared to the previous year. In particular, overseas stocks grew into a 100 billion KRW business due to differentiated research and marketing effects.

Retail customer deposited assets increased by 31 trillion KRW annually, reaching 264 trillion KRW. The number of individual customers with over 100 million KRW rose by 76% year-on-year to 184,000. Ultra-high-net-worth customers with over 3 billion KRW also increased by 42% to 2,841 compared to the previous year.

In the IB sector, IPO deals and structured finance sales performed well, resulting in a 13% increase in underwriting and advisory fees compared to the previous year. The scale of arranged acquisition financing exceeded 2.5 trillion KRW, achieving first place in the industry.

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