Kiwoom Securities benefits from PF deals, contingent liabilities also return to the 400 trillion won range

Kiwoom Securities’ IB fee income rose in Q2, helped by underwriting large real estate PF deals.

Net profit for the quarter and first half hit record highs, but PF exposure also expanded.

Total contingent liabilities, especially real-estate-related ones, increased from Q1 and climbed back into the 4 trillion won range.

The stronger PF business boosts earnings, but it also makes capital management and property-market risk more important going forward.