Seoul: Kiwoom Securities Co. on Wednesday reported its 2024 net profit of 834.9 billion won (US$574.8 million), marking an 89.4 percent increase from the previous year.

According to Yonhap News Agency, the company disclosed in a regulatory filing that its operating profit for the year amounted to 1.09 trillion won, a significant rise from 564.7 billion won in the prior year. In addition, Kiwoom Securities experienced an 18.2 percent growth in its annual revenue, reaching 11.28 trillion won.