Korea Investment Securities Q1 Net Profit Jumps 75% to Record High

Korea Investment Securities recorded its highest-ever profit in the first quarter of this year amid a continuing rally in the domestic stock market. According to the source, the firm’s first-quarter net profit surged 75% from a year earlier, earning in just one quarter an amount equal to half of last year’s annual profit. As Korean securities firms report exceptional results on the back of rising share prices, Korea Investment Securities also benefited from stronger performance across key businesses, including brokerage, trading and investment banking. The results reflect support from active market trading, trading gains and corporate finance revenue. Future stock market trends and trading value are expected to remain key factors for the sustainability of securities firms’ earnings. Source: mk.co.kr