Korea'smajor securities firms released their first-quarter results. Most of themshowed improved results thanks to an increase in brokerage income, resulting fromthe recent stock market rally and strong performance in investment banking-relatedbusinesses.
KoreaInvestment & Securities came on top in terms of net profit. On May 15,Korea Investment & Securities announced that it posted a net profit of130.1 billion won in the first quarter of this year, up 104.4 percent year onyear.
Itssales also rose 13.7 percent to 1.90 trillion won, with its operating profitestimated at 169.1 billion won, up 142.6 percent year on year.
Ofthe nation's major securities firms, only three companies, namely KoreaInvestment & Securities, Mirae Asset Daewoo (110.2 billion won) and KBSecurities (108.8 billion won), achieved higher than 100 billion wonconsolidated net profit.
MiraeAsset Daewoo posted an operating profit of 143.5 billion won in theJanuary-March period of this year, up 196.8 percent year on year, with its netprofit rising by 174.2 percent to 110.2 billion won.
National Pension Service’s (NPS) recent invitation for investment proposals to domestic private equity and venture capital funds, which amounts to 650 billion won ($577 million), has met with a lukewarm response from fund houses, amid concerns about the $500 billion&hellip
Korea Investment Corporation (KIC) Chief Investment Officer Shinwoo Kang will give a keynote speech in a global real estate and infrastructure summit on Oct. 25 in Seoul, where key investment decision-makers of South Korea’s biggest asset owners are set to&hellip
Asia-based investment firm Pacific Alliance Group (PAG) has bought an office building in southern Seoul from a fund led by the Public Officials Benefit Association (POBA) for around 310 billion won ($273 million), at a time when the growing nuclear&hellip