Korea Investment & Securities announces personal customer financial product balances100surpass the trillion-won mark
Korea Investment & Securities said5in20that the balance of financial products held by individual customers100had exceeded trillion won. The company said that products focused on customer returns, wealth management services, global collaboration and IMA had driven the performance.
Korea Investment & Securities said5in20that the balance of financial products held by individual customers100had surpassed trillion won. The company said the figure was based on its balance-counting criteria. The announcement was made in5in20.
The company explained that the expansion in balances was driven by the supply of products focused on customer returns and wealth management services. It said global collaboration and IMA contributed to this performance. Details of the product mix and number of contracts were presented in summary form in the announcement materials.
The company said it had continued to improve its products and services under the principle that “good products attract customers.” It explained that balances had grown with a focus on customer satisfaction and return management.
According to financial statistics, 4monthly household loans 2.1increased by trillion won. Mortgage loans in the same month 2.7rose by trillion won. These figures are included in monthly trend data compiled by the financial authorities.
Over the same period, 100asset management companies recorded net inflows of trillion won. 4The monthly COFIX 0.08rose by percentage points. COFIX is a key benchmark for variable-rate mortgage loans.
Korea Investment & Securities’ announcement focused on the scale of its assets and its product and service direction. The company’s announcement and 4monthly financial statistics are each 5based on data released during the month.