KB Securities net profit up 40%, issuance rises in Q3

The subsidiary of KB Financial Group has posted a net profit of KRW209.7 billion (US$230m) during the quarter ended on 30 September, up 39.6% quarter-on-quarter (QoQ), which leads to an accumulative net profit of KRW338.5 billion this year – a 60.5% increase from the first three quarters last year. The South Korean financial services firm sold 1,931 products worth an estimated US$9.4 billion during the first three quarters of 2019 compared to 1,778 products marketed during the same period