Korea Capital Reports Q1 Net Profit of 22.5 Billion Won, Up 47% YoY

Korea Capital, a specialized financial company, recorded strong performance by achieving 34% of last year's full-year net profit in just the first quarter.

Korea Capital announced on the 16th that it posted an operating profit of 28.3 billion KRW and a net profit of 22.5 billion KRW in the first quarter of this year. Compared to the same period last year, operating profit increased by 40.6% and net profit rose by 47.4%.

As of the end of the first quarter, total assets reached 4.1046 trillion KRW, surpassing the 4 trillion mark for the first time since its establishment. Despite the unstable financial environment, Korea Capital succeeded in achieving both quantitative and qualitative growth simultaneously.

A Korea Capital official explained, “Although the high interest rate trend continues, we are smoothly raising funds based on corporate creditworthiness and stability, and through this, we are strengthening operational capabilities across business divisions and continuing growth. We are also fully committed to risk management, increasing the allowance for loan losses by 49% compared to the same period last year.”

The leverage ratio (total assets to equity capital), an indicator of financial soundness, remained low at 6.58 times.

The company stated, “Since corporate profits form the foundation for enhancing corporate value and shareholder value, we are striving to maintain steady growth while solidifying our fundamentals. Building on the strong first-quarter performance, we aim to break our record-high performance again this year and strengthen our position as a top-tier capital company.”

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