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Finance
NH Investment & Securities posts Q1 operating profit of 636.7 billion won, up 120.3 percent
NH Investment & Securities said on Wednesday it posted a first-quarter operating profit of 636.7 billion won and net profit of 475.7 billion won, its best quarterly results on record. Operating profit rose 120.3 percent from a year earlier and net profit climbed 128.5 percent. Brokerage fee income surged, helped by a jump in domestic stock trading value. Investment banking and asset management results also improved, and wealth management interest income increased.
Finance
KB Securities posts Q1 net profit of 350.2 billion won, up 92.75 percent year on year
KB Securities posted a sharp rise in first-quarter earnings, helped by stronger stock markets. Consolidated revenue rose 179.46 percent from a year earlier to 8.35 trillion won. Net profit increased 92.75 percent to 350.2 billion won and operating profit climbed 101.73 percent to 453.1 billion won. The company recorded broad-based growth across wealth management, investment banking, capital markets and wholesale operations.
Finance
Korea Investment Securities signs MOU with Guotai Haitong Securities on research, retail and IB
Korea Investment Securities said on Monday it signed a memorandum of understanding with China’s Guotai Haitong Securities covering cooperation in research, brokerage, mutual distribution of financial products and global investment banking. It plans to pursue exclusive research collaboration and expand the scope of China stock market investment information it provides. The two sides will also review brokerage cooperation to improve access and trading convenience for China and Hong Kong, and explore joint opportunities in ECM, DCM and M&A.
