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

FSS orders risk controls for IMA, says investor protection must not be neglected

South Korea\'s Financial Supervisory Service called in major comprehensive investment firms and urged stronger risk management for note issuance and integrated investment accounts, as funding via the products has grown rapidly. It stressed tighter internal controls and liquidity management, and told firms to prepare for stress scenarios. The FSS also highlighted responses to overseas private loan funds, urging early monitoring of redemptions and losses and prompt investor guidance if limits arise.