Kiwoom Securities Reports 119% Surge in Q2 Net Profit to 680.6 Billion Won

Commission Revenue Reaches 451.9 Billion Won

Up 178 Percent Year-on-Year

Kiwoom Securities reported strong results in the second quarter, driven by increased revenue following a rise in trading value on the domestic stock market.

On July 30, Kiwoom Securities announced that on a consolidated basis for the second quarter of this year, it recorded operating profit of 788.9 billion won and net profit of 680.6 billion won. These figures represent increases of 93.2% and 119.4%, respectively, compared to the same period last year.

The primary factor behind the earnings growth was increased commission revenue from brokerage trading due to the expanded stock market transaction value. In the second quarter of this year, Kiwoom Securities’ stock commission revenue reached 451.9 billion won, a 178.3% jump from 162.4 billion won in the same period last year. Benefiting from the overall market trading volume increase, Kiwoom Securities' average daily trading value rose to 36.3 trillion won—about three times higher than the 10.8 trillion won figure from the same period a year earlier.

The asset management segment also achieved significant growth. In the second quarter, profit and dividend/distribution income from asset management totaled 249.2 billion won, up 104.9% year-on-year. Customer assets under management reached 26.1 trillion won, a 54.4% increase over the same period.

The investment banking (IB) division also delivered stable results. IB commission revenue in the second quarter amounted to 83.3 billion won, up 6.4% year-on-year. In the equity capital markets (ECM) segment, Kiwoom Securities handled a paid-in capital increase for Innospace. In the debt capital markets (DCM), it managed corporate bond issuances for Lotte Chemical, HL Mando, Shinsegae, Korean Air, Hyundai Department Store, and CJ Freshway.

In the acquisition finance (M&A) segment, Kiwoom Securities arranged refinancing for UCK Partners' acquisition finance for Sulbing, refinancing for Seoyoung E&T's acquisition finance for B&B Korea, and acquisition finance for Eurobake by Daol Private Equity.

This content was produced with the assistance of AI translation services.