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Finance

KB Securities posts 600.6 billion won Q2 operating profit, up 175.5 percent

KB Securities said its second-quarter operating profit and net profit more than doubled from a year earlier, delivering its best-ever first-half performance. The brokerage reported consolidated operating profit of 600.6 billion won, up 175.5 percent, and net profit of 450.8 billion won, up 180.6 percent. First-half operating profit totalled 1.05 trillion won and net profit 801.0 billion won, the highest on a half-year basis.

Finance

Woori Financial Group to pursue 7 trillion won productive investment from startup scouting to IPO

Woori Financial Group is accelerating support for the growth of innovative companies based on a 7 trillion won productive investment plan. It aims to build a linked support system spanning startup discovery, early and follow-on investment, scale-up and initial public offerings to meet funding needs by growth stage. Woori Financial is pursuing a project to provide 90 trillion won in productive and inclusive finance over five years and is detailing the 7 trillion won investment plan.

Finance

Mirae Asset Securities launches performance-linked IMA No. 3 worth 100 billion won

Mirae Asset Securities is launching a performance-linked integrated investment account (IMA) product worth a total of 100 billion won. The company said the product, Mirae Asset IMA No. 3, will raise 95 billion won from clients, while the remaining 5 billion won will be invested by Mirae Asset Securities as a seed investment. The product has a three-year maturity and seeks interest income mainly through corporate loans and corporate bonds.