KB Securities said Wednesday that its first-quarter operating profit rose 101.7% from a year earlier to 453.1 billion won, based on preliminary results.
Revenue climbed 179.5% to 8.3509 trillion won, and net profit increased 92.8% to 350.2 billion won.
The company said market volatility has persisted as domestic and overseas uncertainties have increased, but it has continued to lead the market on the back of steady performance centered on investment banking.
It said its competitiveness in the global debt capital markets has continued to expand, citing lead management of foreign exchange stabilization fund bonds and “Kimchi bonds.” It also said it strengthened its position through four domestic refinancing deals for high-quality acquisition financing.
KB Securities added that its wealth management business also grew, saying individual clients’ assets under management increased as it provided timely products and content in response to gains in the domestic stock market.
* This article has been translated by AI.
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