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Finance

Korea Investment & Securities posts 9.6 billion won Q1 operating profit, up 85 percent

Korea Investment & Securities said its first-quarter operating profit rose 85.0 percent from a year earlier to 9.6 billion won, while net profit climbed 75.1 percent to 7.8 billion won. The brokerage attributed the gains to broad-based growth across its main businesses, including brokerage, wealth management, investment banking and trading. It also expanded AI-based functions in its mobile trading system and strengthened partnerships with global financial firms.

Finance

Meritz Securities Q1 net profit up 35.7 percent to 254.3 billion won

Meritz Securities posted improved first-quarter results on broad-based growth across its businesses, including investment banking, asset management and retail. The company said consolidated operating profit for the January-March period rose 72.5 percent from a year earlier to 255.6 billion won. Net profit increased 35.7 percent to 254.3 billion won. It also cited improved profitability at its capital subsidiary.

Finance

KOSPI closes at record 7,981, nears 8,000

South Korea’s KOSPI ended higher on May 14, supported by buying from retail investors, and closed at a record high. The benchmark index rose 137.40 points, or 1.75 percent, to finish at 7,981.41, putting it close to the 8,000 mark. It opened at 7,873.91, up 29.90 points, and climbed as high as 7,991.04 during the session. The Kosdaq also gained.