CJ Olive Young, ahead of the holiday vacation products "reminds spark '

As expected go up to 100 million overseas ahead of the [financial newspaper gimeunji Korea News] May Golden Week of up to 11 days enjoying special early when the vacation items.

National representatives and the CJ Olive Networks operates health and beauty store olive spirit sunscreen, waterproof and hair removal products such as the summer focusing April rose as a result the previous year same period 40% greater width analysis of the revenue from the 1st to the 17th of goods He said.

This year, sales of items related to accelerated around a whopping two months than last point stands out. It is analyzed that the early heat, as well as going on holiday to a long weekend that "early Vacances Group, is the increased traction in early summer a special time. In detail, sunscreen sales were up 37% compared to the previous year.

Chaaenbak CNP toneop protection is gaining popularity in the 'good care' sector deohaejyeo money and Fiji skin care function and determine the makeup base toktokhi role since last year. Also this year increased the chadanryeok of the main causes of 'ultraviolet A' of skin aging trend to find a lot of the top-rated domestic notation PA ++++ sun care products.

Yubeuyi cut toneop base of PA ++++ ratings released earlier this month in the wake makeup is popular and soaring between exposure to the powerful ultraviolet-sensitive women. Sun care category sales are showing my No. 1 brand in the plant kingdom strong sales faster than the previous year's renewal also released a top-rated five species, including representatives sun care products Oxygen Light seonjel. The appearance of hair removal products also increased by 40% year-on-year and compared to a gold holidays ahead.

Particularly hair removal can remove up to my roots Given the popular Australian brand of professional self-epilation "Jimenez (Nad's) 'is fast gaining popularity over the ohreumyeo depilatory category sales in the second two weeks after the Olive Young ipjeom earlier this month.

Strong waterproof make-up water and sweat, product sales also increased almost two-fold. Typical products Clio Waterproof Waterproof Liner Pen Kill Black is quickly brought into close contact with the skin is popular're able to maintain a perfect eye makeup from morning until evening. Carly Multi 5in1 epilator is also gaining popularity in the face, arms, legs, hair removal, as well as cleansing the pores, to must-haves to get possible to exfoliate the packed holiday.



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Hyundai Capital, Corporate Finance strengthened to improve a constitution

Seeking a [financial newspapers around the lower cervical Korea News] Hyundai Kia Automotive Captive (Captive), Hyundai Capital has changed with high dominance in the captive auto finance market. In addition to strengthening the core business of automotive financial business finance, mortgage and iteoseoda scrambling to secure stable profitability.

According to Capital industry, Hyundai Capital has reinforced the company early last year, and finance personnel and the financial progress the company is actively operating.

According to Hyundai Capital Resources IR 2016, Hyundai Capital's asset portfolio in corporate banking was up 36.1 percent to 813 billion won more in 2015. Corporate finance strengthening movements can be seen in last year's reorganization.

2015: Hyundai Capital's corporate finance department of the rooms looks a corporate finance, corporate finance Operation Room two yeoteuna Corporate Finance Executive in charge responsible for the 2016 Corporate Finance Corporate Finance Operation room and the room was newly established Corporate Finance Siem true. December 1 last year, corporate finance audit mounting hired Mr. Nam Taehyeon who worked with Samsung Securities and Nice Holdings Management Support.

The domestic car market chiyeolhaejin As difficult to find money, Hyundai Capital has put forward a strategy for strengthening the corporate finance other hand, strengthening the automobile finance business through overseas subsidiaries. It is analyzed that to ensure stable profitability, reducing car dependence financial spiral profitable diversification.

There are strategies that complement the domestic demand as corporate finance and mortgage Jeong Taeyoung Meanwhile, Hyundai Capital Vice President to raise the international automobile market is concerned whether the collection through the year.

◇ car asset growth, reduce congestion

The industry HCS is kkopneunda longer growing challenge to car finance background to enhance the corporate finance and mortgages. New financial market is not big even less profitable interest rates low market growth. In addition, Hyundai Kia Automotive Group, Hyundai Capital has no choice but to sign captive Hyundai, Kia sales have an impact on company profits. In fact, while the decline in market share of Hyundai, Kia and deteriorating domestic sales last year, was also struggling captive sign HCS.

According to the Korea Automobile Industry Association, Hyundai and Kia last year, the domestic market share fell by 2.3% compared to 67.7% last year to 65.4% points. Hyundai-Kia is maintaining its market share more than 70% since 2009, for the first time since 2014 show a continuing decline below the 70% market share.

Hyundai and Kia's 2014 market share of 69.3%, 67.7% in 2015, 2016 was a record 67.7%. Last year, sales volume recorded a poor performance. Hyundai Motor fell 7.8 percent from a year earlier as domestic 658,642 last year. It is analyzed that the affected organs to Hyundai Motor strike in July last year. In fact, Hyundai Capital said last year the third quarter (July-September), operating profit decreased 43.78% year-on-year 92.5 billion won to 52 billion won was a strike. Last year, Hyundai Capital and operating profit rose 1.27% to 343.3 billion won. Net income increased by 8.67% than the end of 2015 276.7 billion won to 300.7 billion won.

According to Hyundai Capital Resources IR 2016, Hyundai Capital said dwaetdago Hyundai and Kia in 2015 as auto sales slowed asset growth, profitability, mainly handling congestion. Capital industry official said, "The automotive market as a red ocean market, competition has become fierce," and "Hyundai Capital by old car difficult to finance overwhelming," he said.

As more non-automotive financing and will continue to reduce the rate auto financing share of total assets. In 2014, Hyundai Capital asset ratio car finance accounts was reduced from 77.5% to 77.7% 2015 75.09% 2016 2.59% points higher than the previous year. While the car finance is not high even non-automotive financial growth is showing high growth rates.

According to Hyundai Capital Resources IR 2016, Hyundai Capital assets (assets under management standard) recording the non-automotive finance 562 billion won, while perching on a slight growth in auto financing, it showed high growth rates. New Hyundai Capital assets are a mere 0.1% increase over the previous year to 11,564 million. In the rental sector it has grown slightly by 1.1% to 404.2 billion won used car segment declined 3.8% year-on-year to 1.343 trillion won. Personal Finance 1.6% YoY to 2.095 trillion won, the mortgage was recorded 2.457 trillion won increased by 33.9%.

Hyundai Capital said it had conducted a strategic asset for the safety-oriented expansion of the mortgage in the IR data. Hyundai Capital depreciation risk that the technology made by LTV 70% or less, janga insurance, handling the mortgage, such as a priority share of 98%. Corporate Finance today announced the expansion of new stable handling through the blue chip companies targeted, collateral center assets such as corporate finance my weight limit.

◇ Hyundai-Kia Motors and synergies that corporate finance

Hyundai Capital has progressed equipment loans, equipment purchase loans, factoring, accounts receivable loans, inventory loans, real estate loans to corporate finance products. A mortgage loan types are secured to a facility loans, trade receivables, inventory, personal property loans to other reserves and retained scheduled personal property as collateral, land, buildings, plant, etc. as collateral for the facility and equipment scheduled to hold or held by customers Loja Real estate mortgage loan gajida 3.

The industry is much room for HCS can collaborate car finance its parent company Hyundai Kia Automotive collects your mouth is advantageous in corporate finance. Loans to the non-automotive sectors as automotive finance company that is focused more car parts makers such as running a company associated with auto loans subject sees in the industry. In particular, Hyundai and Kia says co tons eopcheeul have no leverage.

Officials in charge of corporate finance in the Capital Inc. "The automotive Attempting to blue chip companies and transactions of the companies in many cases are already Hyundai Capital and transactions" and "Hyundai Capital's parent company Hyundai-Kia Motors and associated subcontractors only dozens yeoseo modern it is easy to open positions in the capital, "he said.

The KDB Capital showed strengths in corporate finance are emerging pointed out that the gap can not sell to an aggressive marketing artifact fills the HCS. Since ahninya Hyundai Capital haneungeot monopoly even had corporate finance glass in car finance While some voices are emerging.

Loan regulations cited as factors enhancing the Ganghwa corporate finance and mortgages. The industry says the coming year, Hyundai Capital revenue traction in personal credit rather than new cars. Hyundai Capital has spread to cross three days (cross-sale) strategy for the automotive finance customers in the personal credit portion. To run the customer to buy a car loan for a car as collateral for the loan proceeds to the high quality customers.

But while the recent building regulations adding a provision to the high interest rate loan with lively household lending regulations prophet difficult for an individual credit aggressively turned his eyes to the corporate finance industry is up story.

◇ After standing car finance overseas subsidiaries

Vice President of Jeong Taeyoung under the 'One Global Company "stance, has its current offices in the United States, the United Kingdom, China and Canada. In January, it launched the European banking in Germany. Further, etc. India, Brazil and review the established Financial Code. While the domestic car market is difficult, overseas car market is large growth potential. Last year we received accreditation from established European Central Bank began operating in January this year. Hyundai Capital Hyundai Kia customers to purchase from target European financing and leasing, and provide loans.

Except Canada and overseas subsidiaries last year is not bad performance. Chinese corporate profits grew by about 2-fold compared to the previous year recorded a pre-tax profit of 120.4 billion won last year. British subsidiaries recorded 48.5 billion won. The first quarter of this year, the Hyundai-Kia sales rose by 9.7%, as 260,061 more than last year period.

Canada has failed to fulfill the current turnaround yet since December 2014 start of operations. Hyundai Capital in the last 18 days has also invested 34 billion won in direct Canadian corporation operating fund raising purposes.

Depending on the overseas subsidiaries have also continually expanding overseas recruitment business-related personnel from last year. Last October there were recruiting foreigners overseas business to General Executive Director, International HR Executive, United Kingdom overseas subsidiaries personnel were recruited foreign legal and compliance personnel.

But it is expected to expand market share in China, not intimidating Saad effect this year. According to industry sources, Hyundai-Kia has dropped 52% YoY to sell a total of 72,032 sales in China in March this year.



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NH NH lives, IFRS17 free in risk management Spurs

Life is in full swing to ensure the financial soundness of NH NH - Korea gimmingyeong financial newspaper reporter] Secretary Rod president. Geotinde spiral contrast to the LAT · Enhanced RBC regulation of financial authorities, NH NH Life Insurance Unlike other insurance companies which concerns the interest rate risk on debt duration expansion comes the assessment that the relative burden of the enemy. Recent years, insurers have been selling coupon savings-type insurance products thanks to a focus on what is the interest rate-linked products with different days of cooperative association banks. The clerk rods president took office earlier this year, is expected to try and further said Plug a priority to secure financial soundness through improved capital raising and management constitution, with sales goals in risk management.

FSS has recently Risk Management Division of Insurance to the new international accounting standards (IFRS17) soft landing measures planned 2021 introduction of the liability duration naegeolmyeo expanding regulatory strengthening of the insurance companies emerged as challenges. Financial authorities have improved the insurance liability adequacy test (LAT) and the insurance solvency system (RBC), and said prospects continue to carefully check the financial strength of insurance companies. LAT is the cash inflows and outflows in the future, according to the insurance contract and the system for calculating the change required reserves at the present value RBC system is to assess whether the degree of capital afford to pay the insurance payout to policyholders.

Financial authorities proceed with the insurance liability adequacy test (LAT) over three years, and this year decided to gradually market assessments of liabilities (insurance payable) of insurers. Thus the discount rate applied when evaluating the debt is expected to decrease by 80% compared to current levels. The financial authorities are under estimated to increase total liabilities of insurance companies up to 20 trillion won for three years.

Last month, the financial authorities have a final presentation to the insurer to determine the LAT revised plans for containing a soft landing IFRS17 such information. After the introduction IFRS17 insurers will evaluate changes in insurance market to give back to the Contractor at the current cost. The interest rate to reflect the time of registering to calculate liabilities under insurance and so increase the burden. Eventually losing the equity accounting results in the conclusion that debt is bound to increase significantly. The June revised insurance solvency system (RBC) Since the end comes into force. Accordingly, insurers are required to extend the duration of insurance liabilities (residual maturity) to 30 years by 2018. After only increased debt duration without a change in the duration of the asset situation, the insurer is exposed to interest rate risk on the defenseless. Eventually inevitably lead to an RBC ratio also increased sharply because jabonryang required by the insurance company rate risk amount neulmyeon.

Most insurance companies are situation, but the appearance has been confirmed massive selling interest type insurance liabilities, grab the ankles should be in a stable long-term investment assets in order to expand the asset duration. Because the world of low interest rates is a prolonged decline in the investment concerns caused the negative margin was unable to raise the rate of return on investment as promised grown with customers.

◇ rate determinate savings insurance ↓ negative margin was less concerned

NH NH reborn in the last cooperative association in 2012 as a privately held life insurance company has started a risk management system prior to upgrading other than insurance companies do not have much liability insurance rates determinate action.

Interest rate-linked savings insurance portion of the NH NH Life is 80%. Interest rate-linked products gotta adjust the interest rate paid to customers, depending on the outside margin and asset management market interest rates are less concerned about negative margin. In addition, RBC existing institutional rate-linked products are evaluated will be minimal impact on the liability duration expanded regulation of financial authorities because of the short duration debt.

NH NH lives officials because they have "recently because of liability duration enlarged strengthen regulatory insurance industry is trying to expand the asset duration" and "NH NH life linked to an asset or a liability duration at an appropriate level to the interest rate risk, even if the right regulations are enforced He said that the impact would not be at all. " Because risk management been keeping pace in the banking system from the deductible timing analysis is also dominant afford would be compared with other insurers.

NH NH Life has recently started building its own "risk and solvency assessment (Own Risk and Solvency Assessment, ORSA) system. ORSA is a system that calculates the internal capital requirements considering the insurers themselves qualitative risk assessment and crisis analysis and risk management, discovering vulnerabilities. It will spiral on one foot ahead of secured financial soundness, with guidelines of the financial authorities.

NH Agricultural finance is utilized, and also introduces the risk dashboard. Risk Dashboard is creating to allow fall into the piece all the details of risk management NH NH Life reports. NH NH Life official explained, "will focus on risk management by including indicators that may appear while expanding overseas investment this year, including foreign currency liquidity coverage and exchange rate fluctuations on the Dashboard checklist".

◇ 3000 billion subordinated debt issue

NH NH Life has posted recently had to issue 3,000 billion of subordinated debt. IPO issued in the currency subordinated unsecured debentures form and is representative of Sponsor SK Securities and HMC Investment Securities. 28 days are ahead of the bond issue.

NH NH Life reportedly to be issued in three types, depending on the maturity of this subordinated debt. △ 7-year 150 billion won 100 billion won △ 10 △ 10-year-year (5-year call options) and interest rates are respectively 50 billion won △ 3.15 ~ 3.65% △ 3.47 ~ 3.97% △ 3.17 ~ 3.57%. NH NH predicted that life could be issued in three types of subordinated bonds with pre Forecasting accommodate the diverse needs of investors.

Subordinated debt issued by the NH Agricultural Life is the first time. Officials "decided the issue in a pre-emptive recapitalization purposes against IFRS17 enforcement and RBC ratio dropped late last month in the Council," he said. The subordinated bonds issued by NH NH life being expected to be an RBC was only based on 207.7% level of the end of June last year to improve approximately 15.3% point to the 223%. RBC is the average life insurance industry position that the problem because of the recommended level of the initial FSS had recorded the second quarter of last year, based on 297% maintained a 150% line.

NH NH life, with banks also followed the risk management system to decide this issue subordinated debt are adequate assessment clinch the recapitalization result. NH NH lives officials "received the highest rating of insurance solvency assessment AAA rating of the year two Korea Ratings and NICE credit rating late February," said said received recognition of stable financial soundness. In particular it was highly regarded point that farmers, based on the Livestock channel has an extensive sales network across the country and has the fourth largest life insurance market position in the industry with total assets and premium income. In addition, the viscosity that laying the substantial strengthening of protection-type insurance sales life insurance was mainly a high score.

◇ senior year banks from head ... Poised to strengthen the financial capacity

Second inaugural year, the clerk rods NH NH President pointed Life aims to secure financial stability this year. AD rods, president of the "recent insurance industry is uncertainty increases and IFRS17 situation takes an emergency to ensure financial stability by introducing plans such as in financial markets," he said "The Agricultural Life also recapitalization and management constitution RBC ratio control of an appropriate level through improved Hannah said it would go. "

With respect to correspondence IFRS17 TF also it plans to expand the TF-scale to build a full-scale response system this year. AD rods president said that "in the beginning of the second half year according to the 2021 introduction period after completion of the construction by 2019 year 2020 will be operated as a period of stabilization." Also it said it would select a long term plan to channel △ Product △ △ △ Asset Management Customer Service, etc. Each of constitutional improvement projects across the business to strengthen the financial capacity independently of the system construction companies strive to improve health.

[Q & Clerk rod boss;

- the first year of business goals this year

2017 to achieve the sales target. The insurance company sees that the priority should be to achieve the sales target of the company as a sales basis. It is also expected to try to raise capital and improve management constitution for ensuring financial stability. The goal is to gihae fully prepared to RBC ratio to the appropriate level of management as much as possible the impact on the less IFRS17 introduced. In addition to spearheading aggressive plans to finance consumer protection activities in order to achieve the vision of "customer first love, such as life insurance companies, committed to perform social responsibilities.

- from the banks. How will demonstrate whether the NH Agricultural Life office experience, former General Manager Sales Promotion in all banks

Quaternary industrial revolution arrival can be explained by the Internet of Things (IoT), big data, AI and the like. Being paying a lot of attention and effort to the growth of the financial sector, digital NH NH life was somewhat slower than in banks. Based on the digital banking experience and know-how of the bank to strengthen NH NH vital non-face-to-face channels are gearing up for an online insurance market, signed an ICT association services joint research and development MOU with KT for product development and research and insulator-tech sector to pursue expansion plans.

- Life is a differentiator with the NH NH

We have done that to develop products only jeompomang ensure farmers across the country and reliable partner with the role of rural farmers.

This year is planned to further enhance specific dedicated products and insurance services in rural areas to develop services to farmers through jeongongryeon Japanese and foreign insurance companies benchmarking. With regard to the introduction IFRS17 is also a foot wide of the past under the circumstances, I deduct such other times because coupon savings-type insurance, rather than selling came with emphasis on interest rate-linked negative margin challenges insurers face.



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Daishin Securities, tonghalkka customers discrimination strategy

[Korea Seo Hye Rin nine financial newspaper reporter] Instead securities industry retail sales competition went to the customers the dual management to keep pace with the trend. For each asset and hefty mass customers (held small account customers) is a strategy that provides customized wealth management. On the other hand, doeja this regard, the overall incentive system changes linked opposition from branch staff showed intense.

24 days instead of the Securities presented the 'Asset Management (WM) sector strengthening, this year, retail strategic goals. As one axis hefty asset: the strengthening (HNW High Net Worth) sales. Changing the incentive system last year in order to attract customers, assets that are the basis of WM, said that the payments to the new 'HNW attract allowances.

Instead of the current securities and net worth big bucks to provide "financial doctor" service. Financial physician has chosen a lawyer, accountant professions, such as from a concept similar to a Private Banker (PB). Since last year, the financial team physician has to HNW clients, including providing the highest level of financial advice.

Also Daishin Securities said in NHW is also available separately from the various service strategy to target online customers and mass customers. This is largely divided into Wealth Advisors and Advisors Lobo.

For Wells, the advisor and the help of experts (Product Planning Product Specialist) upgraded the platform to the asset management online. Instead Wealth Advisors provides customized WM services to customers, such as retirement, in accordance with the investment objectives of investors, pension, housing, education, marriage, providing lump sum design. Substantially and the customer can present the investment of over 440 customer-specific personalized portfolio that reflects a tendency, investments, investment period to the customer.

Robo Advisory services are being prepared. Daishin Securities official said that "if it passes the test bed in May Robo Advisor will also provide a variety of services that take advantage of it." And continue to aim for roughly from July to August launch.

Meanwhile, as the assets and attract hefty payments over the introduction this year showed that the internal complaint after another doeja bonus system was reorganized. NHW bid strategy Daishin Securities is a format to provide a constant incentive to attract retail staff of more than 100 million won account. 100 million won or more accounts corresponds to the case previously in attracting new or other securities, if a customer account the existing 90 million won that was held in place with ten million won additional securities can not be provided with incentives.

Instead, four won on duty in the securities frontline point "was the last organization, incentive schemes far, then you could get a bonus in addition to the low, some personal performance salary because paying bonuses to the store unit" and "100 million won or more accounts this year there can only be a bonus to attract almost no successful people, "he said.

He added: "I thought it a pity that the company (which receives bonuses personnel) structure going on a gradual rather than a pyramid rhombus", "employees are not just trying not to give up under an atmosphere of an incentive to attract himdeuleoseo dominant reality," he said.

Current Daishin Securities branch also has a bonus incentives that provide for the fee income generated during transactions such as customer management equity incentive marketing in addition to offering a large sum when the asset accounts that attract and attract more than 40 million won assets in the account. All 7 Asset Management is based on customers since January is raised from 40 million won to 70 million won.

In another branch staff "7 will not be eligible for a bonus account and manage about 69 million won starting July" about and "do not talk about that redistributes the pressure of business account at a point prior to July sounds nothing yet, nothing fixed," he said.



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· NH future such securities 1Q good

[Goyounghun financial newspaper reporter Korea] is expected to be good this year, one quarter of the securities. If we expect to very large effects IB starting the second quarter of the atmosphere of a large brokerage firms during the first half of this year is expected to not be too bad.

MAS 24 days treatment (choehyeonman jounggi CEO Senior Vice President & CEO), NH Investment & Securities in the first quarter earnings from major brokerage firms, etc. (gimwongyu CEO) According to the financial investment industry is jeomchyeo to rise YoY.

According to the financial information company epeuen guide last 20 days estimated this year's first quarter sales of the three institutions can Mirae treated more than forecast results are jeomchyeo place to 355.6 billion won. The same period, operating profit of 122.3 billion won and net profit is expected to 86.9 billion won. This preparation and the first quarter 2016 sales of 81.9% from 195.5 billion won, operating profit of 77.1% from the 69.1 billion won, a 62.6% increase in net profit was 53.4 billion won.

Korea Investment Holdings is also the first quarter sales of 260.7 billion won, up 44.6% compared to 180.3 billion won a year earlier this year, operating profit was 107.7 billion won increased by 20.1% compared to 89.7 billion won a year earlier. Net income is expected to 91.2 billion won, up 13.7% compared to 80.2 billion won a year earlier.

NH Investment & Securities also there is forecast earnings higher than the previous year first quarter sales of 262 billion won rose 4.1 percent from a year earlier 251.5 billion won, operating profit of 100.7 billion won, up 17.5 percent from a year earlier 85.7 billion won and net profit 26.6% 64 billion won over the same period last year this is expected to rise 81 billion won.

Samsung Securities is also the first quarter sales of 215.6 billion won rose 4.7 percent from a year earlier 205.9 billion won this year, operating profit of 75 billion won, up 20.5% compared to 62.2 billion won a year earlier, while net profit is estimated to have 57.3 billion won, up 23.6 percent from 46.4 billion won a year earlier. Meritz Securities Investment Bank is also expected a 30.5% increase in operating profit and net profit increased 35.6% YoY. However Kiwoom was expected to fall both sales and operating profit, and net profit against a year earlier.

The last week released results from KB Financial Group and Shinhan Investment securities also increased both operating profit.

KB Securities posted a 141.3 billion won this year's first quarter consolidated operating profit increased by 152.44% YoY. The same period, sales grew by 41.05 percent to 1.9316 trillion won in net profit surged 120.53% to 108.8 billion won.

1Q11 net profit of Shinhan Investment Corp. jumped 111% YoY 21.8 billion won to 46 billion won. During the same period, operating profit rose 121% yoy compared to 25.2 billion won to 55.8 billion won. Operating profit was 163.6 billion won a year earlier increase of 11.5% compared to 182.4 billion won.

According to the IBK Research Center is expected to Samsung Securities and Mirae Asset treated, NH Investment & Securities, Korea Investment Holdings, Meritz Investment Bank Securities, Kiwoom including six first quarter net profit increased by 94.2% QoQ to about 409.2 billion won this year from securities , a 23.4% increase is expected bihaeseodo the same period last year.

Equity-linked securities (ELS) including securitized derivatives Early repayments and sales revenue and operating profit compared to the previous quarter in fixed income trading revenue in the domestic market is expected to stabilize interest rates and dividends generated by new issuance increases are expected. In addition, the earnings improvement is expected in the IPO (IPO) and investment banking (IB) part.

Kim Jiyoung IBK Investment & Securities researcher "Capital is becoming the stamina crush invest to risk than ever as larger possible, and, with the growth of the business area expanded due to the easing of government regulations and new work permit is expected," said It issued a positive opinion about the profitability of large securities firms. Following was diagnosed as "What is the large securities firms are already making efforts to diversify the revenue it than revenue contribution also increased more parts IB is a positive point."

Kim Seo-yeon Korea Investment & Securities researcher also said that "the main cause of improving the performance of the sales force recovery IB division has been lowered from last year's merger with increased ELS-related gains in overseas markets thanks" for the MAS treatment. Following just explained that the SG & A efficiency expected to act as the main parameters of profitability, but added there is a possibility that the additional costs related to the merger will be reflected this year, the organization relocated cleanup is in progress, rather than focusing point reduced manpower and the fact that such considerations.

Kim researchers about the NH Investment Securities "of employees with promotion personnel after the merger in 2015 streamlining has reduced 400 people in 2820 to 3,218 people," said "seems to be a labor in 2017 as restructuring savings up to 19 billion won "he said. Thanks to the strong global stock markets in the first quarter earnings also fell because of synergies with the ELS early repayment enlarged scale cooperatives as a financial holding.

He NH NH Financial Group said how gathered funded affiliates in this process NH Investment & Securities Financial organizing fee and additional fee income if the 22 billion won revenue reflects Yeouido Park won project financing (PF) business in the fourth quarter of last year ( has secured the sale of advisory fees, underwriting fees, loan commitment fees, etc.) were diagnosed as boindago come steadily annual revenue of 10 billion won to the future in 2021.



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