KB Securities achieved a record half-year operating profit of over 1 trillion won, driven by a strong domestic stock market.
On July 23, KB Securities announced that its consolidated operating profit for the first half of the year reached 1.0537 trillion won, a 138% increase compared to the same period last year. Pre-tax profit was reported at 1.08 trillion won, with net profit amounting to 801 billion won.
Both the half-year operating profit and net profit set new records.
In the second quarter, operating profit soared to 600.6 billion won, marking a 175.5% increase from the previous year, while net profit rose by 180.6% to 450.8 billion won.
KB Securities attributed its record half-year performance to robust growth across all business sectors, fueled by a bullish stock market.
In the wealth management (WM) sector, the favorable market environment led to an increase in asset allocation products and personalized consulting, resulting in the first-time surpassing of 200 trillion won in assets under management (AUM) for individual clients. The company enhanced its marketing focused on BK&WM and advanced AI-based services to attract more client assets.
Despite ongoing market volatility, the investment banking (IB) sector strengthened its corporate finance capabilities.
In the debt capital markets (DCM) sector, KB Securities maintained its market dominance by leading large-scale underwriting and managing the issuance of foreign exchange stabilization fund bonds and kimchi bonds. In the equity capital markets (ECM) sector, it successfully completed four initial public offerings (IPOs) including License Medical, Chaevi, Stradvision, and Lemon Healthcare, as well as a large deal involving SKC's capital increase.
The acquisition finance and mergers & acquisitions (M&A) sector focused on strengthening its competitiveness in high-quality domestic transactions, while the project finance (PF) sector maintained stable profitability through quality projects centered in the metropolitan area and expanded into new growth areas such as data centers.
In the capital markets sector, despite ongoing fluctuations in interest rates and exchange rates, profits increased year-on-year due to expanded mezzanine investment returns, foreign exchange flows, increased proprietary trading profits, and enhanced collaboration in equity-linked securities (ELS) operations.
The wholesale sector also recorded its best half-year performance, leveraging a global and institutional sales integrated platform. It expanded cross-border transactions by linking international inbound customer services with outbound markets, achieving the top market share in domestic institutional equities and enhancing profitability based on its liquidity provider competitiveness. The prime brokerage services (PBS) sector continued its growth trend.
* This article has been translated by AI.
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