Woori Investment & Securities Marks First Anniversary... Leading the Future Capital Market with AX Innovation

Operating and Net Profit Soar Over Tenfold in Q2
Visible Achievements Across All IB and Retail Divisions

Woori Investment & Securities held a ceremony at its Seoul headquarters on August 1 to mark the first anniversary of its establishment. The event, attended by all executives and employees both in person and via YouTube live stream, featured CEO Nam Ki-chun expressing his gratitude for their dedication and hard work. He stated, "With everyone united in purpose, we have quickly established a comprehensive securities company system and achieved remarkable results despite challenging external conditions." He further emphasized, "This first anniversary marks the starting point for a securities firm that will lead the future capital market."

At the end of March, Woori Investment & Securities obtained final approval for its investment trading business and launched its MTS, officially beginning full-scale operations. In the second quarter, just three months later, the company recorded an operating profit of 13.7 billion KRW and a net profit of 15.9 billion KRW, achieving more than a tenfold increase compared to the previous quarter.

Non-interest income also grew significantly, reaching 25.1 billion KRW, up 155% year-on-year and 73% quarter-on-quarter, mainly driven by the DCM (Debt Capital Markets), alternative investment, and S&T (Sales & Trading) divisions. Notably, the IB (Investment Banking) division demonstrated its competitiveness by entering the top ranks of major league tables in its very first quarter of operations (6th in domestic bond lead management, 4th in financial bond lead management, and 14th in ABS lead management).

The S&T division saw both assets under management and profits more than double, while the comprehensive financial business maintained stable results at the previous year's level despite a difficult market environment such as falling interest rates. The retail division also saw a sharp increase in new accounts following the launch of the MTS, achieving customer inflow results comparable to those of major firms.

CEO Nam Ki-chun stated, "With the addition of Tongyang Life and ABL Life as of July 1, Woori Financial Group has truly established itself as a comprehensive financial group." He added, "Woori Investment & Securities will drive CIB performance within the group and serve as a central pillar in enhancing the group's non-interest income, including pensions and asset management."

He also encouraged employees by saying, "In line with the group's all-out AX initiative, we will drive AX as a force for creating the future business model of securities companies, just like making a direct leap from 2G to 5G. I firmly believe that all Woori Investment & Securities employees, working as one team, will become the key players leading this future transformation."

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