Hantoo Securities' Operating Profit Last Year 762.1 Billion Won... 8.9% Decrease YoY

by Hwang Junho

Published 10 Feb.2021 16:51(KST)

The KOSPI closed at 3,031.68, up 63.47 points (2.14%) from the previous day, marking the first time it has surpassed 3,000 based on the closing price. On the 7th, at the Korea Exchange in Yeouido, Seoul, after the market closed, Jeong Il-moon, CEO of Korea Investment & Securities, Son Byung-doo, Chairman of the Korea Exchange, Na Jae-cheol, Chairman of the Korea Financial Investment Association, and Park Hyun-chul, CEO of Bukook Securities (from left), held a celebration event commemorating the KOSPI breaking 3,000.
Photo by Kim Hyun-min kimhyun81@

[Asia Economy Reporter Junho Hwang] Korea Investment & Securities announced on the 10th that its provisional consolidated operating profit for last year was 762.1 billion KRW. This represents an 8.9% decrease compared to the previous year. Sales (operating revenue) increased by 55.2% year-on-year to 15.9546 trillion KRW. Net profit also rose by 3.4% to 708.3 billion KRW. Equity capital expanded by nearly 400 billion KRW over one year to 5.814 trillion KRW.

Korea Investment & Securities evaluated that despite the uncertain market conditions caused by the prolonged COVID-19 pandemic, it achieved solid performance thanks to a diversified revenue structure, synergy creation among business divisions, and advanced risk management. In particular, revenue from the brokerage (BK) division increased significantly through strengthening non-face-to-face channel services and revitalizing overseas stock trading, and the investment banking (IB) division also achieved excellent results by participating as lead underwriter in large IPOs such as Kakao Games and Big Hit.

This year, the company has set key strategies focusing on the normalization of risk management, digital innovation, and transparency for a fair culture. Jeong Il-moon, CEO of Korea Investment & Securities, said, "Based on the lessons learned from last year's crisis, we plan to actively respond to future changes and continue challenges and transformations, including strengthening a rational organizational culture."