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Finance

Woori Investment Securities Jan-Sept net profit up 27.3 percent to 28 billion won

Woori Investment Securities\' net profit for January to September rose 27.3 percent from a year earlier to 28 billion won, while year-to-date net operating revenue increased 46.0 percent to 203 billion won, Woori Financial Group said. Third-quarter net profit fell 72.7 percent from the previous quarter to 3 billion won as non-interest income dropped. Costs rose year-to-date, with loan loss expenses up 105.3 percent.

Finance

Korea Investment Securities\' JCR credit rating upgraded to \'A\'

Korea Investment Securities said Japan Credit Rating Agency (JCR) upgraded its long-term foreign-currency issuer credit rating to \'A\' from \'A-\'. JCR also raised the bond credit rating to \'A\' from \'A-\' and changed the outlook to stable from positive. JCR cited solid profitability, a diversified business portfolio, capital adequacy, and liquidity. Korea Investment Securities has expanded overseas funding, including issuing a total of 66 billion yen in bonds in Japan.

Finance

Woori Investment Securities Q2 net profit 11 billion won, down 21 percent from Q1

Woori Investment Securities posted a second-quarter net profit of 11 billion won, down 21.4 percent from the previous quarter, as expanded credit loss costs outweighed gains in interest and non-interest income. Net operating revenue rose 8.6 percent to 76 billion won, while credit loss costs jumped 88.9 percent to 17 billion won. First-half net profit climbed 47.1 percent year on year to 25 billion won, and retail customers increased to 781,000.