Korea Securities Finance Achieves Record High Total Assets of 79 Trillion Won... Jo Young-ik, Former Vice Chairman of FSC, Newly Appointed

The assets of Korea Securities Finance increased by nearly 8 trillion won, marking a remarkable achievement.

On the 30th, Korea Securities Finance held its regular shareholders' meeting at its headquarters in Yeouido, Seoul, and announced that its total assets last year reached 78.9076 trillion won, an 11% (7.8774 trillion won) increase compared to the previous year. This is the first time that Korea Securities Finance's total assets have reached 79 trillion won. Last year's net profit decreased by 10.6% (26.2 billion won) from the previous year to 246.5 billion won.

In its business report, Korea Securities Finance stated, "Based on the vision of 'expanding capital market infrastructure functions through stable growth' this year, we will focus on the core market stabilization role of securities finance and sound management."

Meanwhile, at the shareholders' meeting, Korea Securities Finance newly appointed Cho Young-ik (photo), former Deputy Director of the Financial Supervisory Service, as Executive Director (Vice President). Born in 1967, Cho Young-ik graduated from Sungkyunkwan University with a bachelor's degree in Trade. He later served as Director of the Public Relations Office of the Supervision General Bureau and Deputy Director at the Financial Supervisory Service.