Due to last year's sluggish stock market, the Korea Exchange's operating profit sharply declined by about 35%.
According to the Korea Exchange on the 31st, the operating profit in 2022 recorded 262.4 billion KRW, a 35% (141.3 billion KRW) decrease compared to the previous year. During the same period, sales also dropped by 20.5% over one year to 590.6 billion KRW. This is attributed to the rapid decrease in market liquidity caused by the unprecedented high-intensity tightening in the United States last year.
At the end of last year, the KOSPI index closed at 2,236 points, down about 25% from the beginning of the year. The market capitalization of listed companies on the Korea Composite Stock Price Index also evaporated by 20% over one year, reaching 1,767 trillion KRW. The average daily trading value was only 9 trillion KRW, a sharp decline of 41.6% compared to the previous year. The amount raised through public offerings also decreased by 21.5% to 13.5 trillion KRW.
The KOSDAQ index also closed at 679.29 at the end of last year, down 34.3% from the beginning of the year. The market capitalization of the KOSDAQ market fell by 29.3% to 315 trillion KRW, and the average daily trading value decreased by 41.9% to 6.9 trillion KRW.
Meanwhile, despite the poor performance, the Korea Exchange raised the dividend per share to 5,000 KRW, higher than last year's 3,600 KRW. The total dividend increased from 68.7 billion KRW in 2021 to 96.2 billion KRW last year.
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