June 29, 2017 1:54 AM ET

Capital Markets

Company Overview of KB Securities Co., Ltd.

Company Overview

KB Securities Co., Ltd., an investment bank, provides various financial solutions in South Korea and internationally. It offers services in dealing, brokerage, underwriting, and investment trust. The company was founded in 1962 and is based in Seoul, South Korea. KB Securities Co., Ltd. is a subsidiary of KB Financial Group Inc.

KB Securities Building

5th Floor

4 Way 21

Yeongdeungpo-gu

Seoul,  150-735

South Korea

Founded in 1962

Phone:

82 2 6114 2203

Key Executives for KB Securities Co., Ltd.

Chief Executive Officer, President and Inside Director
Internal Accounting Control Officer and Deputy Managing Director
Age: 57
Head of Research
Senior Managing Director
Age: 63
Managing Director
Age: 63
Compensation as of Fiscal Year 2016.

KB Securities Co., Ltd. Key Developments

KB Securities Co., Ltd. Reports Consolidated Earnings Results for the First Quarter of Fiscal 2017

KB Securities Co., Ltd. reported consolidated earnings results for the first quarter of fiscal 2017. For the quarter, the company reported operating revenue of KRW 1,931,681 million against KRW 1,369,506 million a year ago. Net operating profit was KRW 141,275 million against KRW 55,964 million a year ago. Profit before income tax was KRW 146,861 million against KRW 61,036 million a year ago. Profit for the period was KRW 108,819 million against KRW 49,344 million a year ago. Profit attributable to shareholders of the parent company was KRW 108,819 million against KRW 49,344 million a year ago.

KB Securities Reportedly Seeks To Sell Hyundai Asset Management

KB Securities Co., Ltd. is seeking to sell its asset management unit, Hyundai Asset Management Co., Ltd. as per industry sources. KB Securities earlier considered retaining Hyundai Asset Management as per sources but it has now reversed its decision and begun work to sell off the firm. The officials of KB Securities said no final decision has been made yet. "Currently, various options are being reviewed inside the group. No decision has been fixed yet", a company official said adding, "A decision will be made soon in comprehensive consideration of market conditions, synergy and our group's strategy on asset management business."

Kb Securities Co., Ltd. Announces the Financial Results for the Fourth Quarter and Full Year of Fiscal 2016

KB Securities Co., Ltd. announced the financial results for the fourth quarter and full year of fiscal 2016. For the quarter, the company reported operating revenue of KRW 1,089,107 million as compared to KRW 545,418 million for the same period last year. Net operating loss was KRW 73,087 million as compared to net operating profit KRW 63,657 million for the same period last year. Loss before income tax was KRW 67,377 million as compared to profit before income tax KRW 65,375 million for the same period last year. Loss attributable to shareholders of the parent company was KRW 72,563 million as compared to profit attributable to shareholders of the parent company KRW 91,223 million for the same period last year. For the full year, the company reported operating revenue of KRW 4,520,155 million as compared to KRW 4,267,218 million for the same period last year. Net operating profit was KRW 21,583 million as compared to KRW 297,582 million for the same period last year. Profit before income tax was KRW 29,745 million as compared to KRW 308,171 million for the same period last year. Loss attributable to shareholders of the parent company was KRW 430 million as compared to profit attributable to shareholders of the parent company KRW 279,552 million for the same period last year.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 12, 2017
Hyundai Savings Bank Co.,Ltd.
Private Placement
May 4, 2017
KB Securities Hong Kong Ltd.
Private Placement
December 30, 2016
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