KB Securities Reports 453.1 Billion Won Operating Profit in Q1, Up 102% Year-on-Year

KB Securities announced on April 23 that its provisional operating profit for the first quarter of this year was 453.1 billion won, an increase of 101.7% compared to the same period last year.

First-quarter revenue reached 8.3509 trillion won, up 179.5% year-on-year. Net profit rose 92.8% to 350.2 billion won.

A KB Securities representative explained, "Although market volatility persists due to increasing domestic and international uncertainty risks, we continue to lead the market based on stable results centered on investment banking (IB)."

The representative added, "Our global DCM (debt capital market) competitiveness has continued to expand, as demonstrated by our role as lead manager for the issuance of Foreign Exchange Stabilization Fund Bonds and Kimchi Bonds. We also strengthened our position based on four high-quality domestic acquisition finance refinancing transactions."

They further stated, "The WM (Wealth Management) division also saw an increase in individual customers' AUM (assets under management) through timely product offerings and content delivery in response to the rise in the domestic stock market."

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