| ▲ (출처:알파경제 유튜브) |
[알파경제=영상제작국] Just seven months after taking office, Kiwoom Securities CEO Eom Ju-seong has showcased his managerial prowess by delivering impressive half-yearly results.
Notably, the company has received positive evaluations for successfully diversifying its business portfolio, with significant achievements in corporate finance (IB) and retirement pensions.
According to the financial investment industry on the 20th, CEO Eom Ju-seong joined Kiwoom Securities in 2007 and has held various key positions, including Head of Proprietary Investment (PI), Director of Investment Operations, and Head of Strategic Planning. He was appointed as the new head of Kiwoom Securities in January of this year.
For the first half of this year, Kiwoom Securities recorded consolidated operating profits of 650 billion KRW and net profits of 477 billion KRW, marking an increase of 14.1% and 12%, respectively, compared to the same period last year.
In addition to its main revenue source, investment brokerage fees, the performance of other segments, such as IB and asset management, also improved across the board.
The consensus is that CEO Eom Ju-seong’s expertise in investment operations played a key role in this success.
Kiwoom Securities’ efforts to diversify its revenue base by expanding IB operations have led to a significant increase in the market share of the IB division, which grew from 2.7% last year to 5.8% in the first quarter of this year—nearly doubling.
Since Eom Ju-seong’s appointment, Kiwoom Securities' financial structure has also seen substantial improvement.
The company's net working capital, which was -563 billion KRW in the first half of last year, surged to 379.9 billion KRW in the first half of this year.
Yoon Jae-sung, a senior researcher at NICE Credit Rating, pointed out that "following Kiwoom Securities' designation as a comprehensive financial investment company in April 2022, the expanded investment capacity and regulatory easing could lead to a sharp increase in risk investments such as corporate credit offerings, which may further reduce capital adequacy indicators."
알파경제 영상제작국 (press@alphabiz.co.kr)
