Asset Management Firms’ Q3 Net Down 42 pct on Falls in Fees, Investment Profits
SEOUL, Dec. 8 (Korea Bizwire) — Asset management firms in South Korea saw their combined net earnings plunge more than 40 percent in the third quarter due to declined fees and profits from securities investments amid sluggish financial markets, data showed Thursday. The combined net income of 414 asset management firms stood at 362.5 billion [...]