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Finance

Brokerages fly on stock market boom as earnings engine for financial holding groups in Q1

Brokerage units of five major South Korean financial holding groups posted record-level first-quarter results, helped by a rise in domestic stock trading value. Higher trading boosted brokerage commission income, while product management gains and wealth management revenue recovered, supporting group earnings. NH Investment & Securities posted the biggest net profit. KB Securities and Hana Securities reported broad-based improvement, while Shinhan Investment showed strong brokerage and product gains but weaker investment banking.

Finance

KB leads, Woori posts decline as non-bank units drive Q1 results for top four financial groups

First-quarter results at South Korea\'s four biggest financial holding groups were decided by non-interest income and the competitiveness of non-bank units, with net interest income holding steady. A stock market recovery and money flows lifted fees and capital markets earnings, widening performance gaps. Combined net profit rose 8.1 percent from a year earlier to 53.3 trillion won, topping 50 trillion won for the first time. KB Financial remained No. 1, while Woori Financial was the only group to post a decline due to one-off factors.

Finance

Woori Investment Securities posts 70.1 billion won Q1 net operating revenue, led by non-interest income growth

Woori Investment Securities said on Thursday its first-quarter net operating revenue rose 75.0 percent from a year earlier to 70.1 billion won, driven by growth in non-interest income. Non-interest income increased 173.3 percent to 41.4 billion won, reversing the balance with interest income. Investment banking fees and securities-related gains rose sharply. Client custody assets increased to 20.3 trillion won, and the board approved a 1 trillion won rights offering.