‘First Quarterly Performance in Securities Industry’ SI Securities... Achieves Profit

First Quarter Profit Announcement After Entering Securities Industry This Year
Profit Before Getting on Track, Rising Expectations
Accelerating New Business Model Development

SI Securities announced on the 27th that it recorded a profit in the first quarter after changing its company name. This is the first quarterly performance report for SI Securities, which started its securities business in December 2022. The solid results in the derivatives sector, where it had existing strengths, and the efficient reorganization of its organizational structure are analyzed as the reasons behind this achievement.

SI Securities, a portfolio company of the private equity fund (PEF) operator Bankerstreet PE, entered the securities market last December after changing its name from VI Financial Investment. This performance is significant as it achieved profitability despite minimal securities-related revenue such as corporate sales and investment banking (IB). It is expected that profitability will sharply increase from the second half of this year when the securities business reaches a normal trajectory.

Jung Ryeon, Head of the Securities Business Division, said, “We plan to aggressively recruit experts in each field through additional licensing acquisitions and the industry's best incentive system.”

SI Securities started as Hyundai Futures Co., Ltd. in 1997 and has been one of the top 10 futures companies in the domestic and international derivatives markets for over 20 years. In October 2022, it obtained a securities brokerage license, becoming the 26th securities company to hold licenses for both securities and futures. In addition to its existing strength in derivatives brokerage, it is expanding its business areas to securities and bond brokerage as well as corporate finance (IB).

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