Corporate Logo(source: koreaholdings.com)
Shares of Korea Financial Group (071050) extended their gains for a second consecutive session on October 21, hitting a new 52-week high on expectations of another strong quarterly performance.
As of 9:46 a.m., the stock was trading at 180,400 won, up 4,700 won (2.68%) from the previous session, after climbing as high as 183,200 won earlier in the day to mark a new yearly peak.
The recent bullish momentum in the broader market and the company’s upbeat third-quarter earnings outlook are seen as the main drivers behind the rally.
On the same day, Yuanta Securities raised its target price for Korea Financial Group to 210,000 won, up 16.7% from the previous estimate, projecting that the company would deliver earnings well above market consensus for a third straight quarter.
Woo Do-hyung, analyst at Yuanta Securities, said, “We expect Korea Financial Group’s Q3 net profit attributable to controlling shareholders to reach 459.9 billion won, exceeding consensus by 12.2%. This improvement is mainly due to higher operating income from the short-term note business and valuation gains from subsidiary asset management firms benefiting from the stock market rally.”
He also noted potential profit growth tied to the company’s new Integrated Money Account (IMA) business. The group’s brokerage arm, Korea Investment & Securities, applied for IMA business approval in July.
Woo added, “While the IMA approval is expected by the end of this year and profitability is still uncertain given the principal guarantee nature of the product, Korea Investment & Securities plans to expand its IMA balance rapidly. With a combined limit of 300% of short-term notes, the IMA funding scale could reach around 10 trillion won. Assuming a conservative margin of 100 basis points (1bp = 0.01 percentage point), we expect an additional profit contribution of roughly 100 billion won.”
*[KOSPI] Korea Investment Holdings(071050) has subsidiaries such as Korea Investment & Securities, Korea Investment Savings Bank, and Korea Investment Capital. Market capitalization is 9.813 trillion won (as of October 20, 2025, closing price).
Corporate Logo(source: koreaholdings.com)
Shares of Korea Financial Group (071050) extended their gains for a second consecutive session on October 21, hitting a new 52-week high on expectations of another strong quarterly performance.
As of 9:46 a.m., the stock was trading at 180,400 won, up 4,700 won (2.68%) from the previous session, after climbing as high as 183,200 won earlier in the day to mark a new yearly peak.
The recent bullish momentum in the broader market and the company’s upbeat third-quarter earnings outlook are seen as the main drivers behind the rally.
On the same day, Yuanta Securities raised its target price for Korea Financial Group to 210,000 won, up 16.7% from the previous estimate, projecting that the company would deliver earnings well above market consensus for a third straight quarter.
Woo Do-hyung, analyst at Yuanta Securities, said, “We expect Korea Financial Group’s Q3 net profit attributable to controlling shareholders to reach 459.9 billion won, exceeding consensus by 12.2%. This improvement is mainly due to higher operating income from the short-term note business and valuation gains from subsidiary asset management firms benefiting from the stock market rally.”
He also noted potential profit growth tied to the company’s new Integrated Money Account (IMA) business. The group’s brokerage arm, Korea Investment & Securities, applied for IMA business approval in July.
Woo added, “While the IMA approval is expected by the end of this year and profitability is still uncertain given the principal guarantee nature of the product, Korea Investment & Securities plans to expand its IMA balance rapidly. With a combined limit of 300% of short-term notes, the IMA funding scale could reach around 10 trillion won. Assuming a conservative margin of 100 basis points (1bp = 0.01 percentage point), we expect an additional profit contribution of roughly 100 billion won.”
*[KOSPI] Korea Investment Holdings(071050) has subsidiaries such as Korea Investment & Securities, Korea Investment Savings Bank, and Korea Investment Capital. Market capitalization is 9.813 trillion won (as of October 20, 2025, closing price).