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Corporate Earnings Forecast to Be Higher Than Expected: Brokerage Firms

SEOUL, May 28 (Korea Bizwire) – South Korean companies’ earnings for the year are forecast to be higher than earlier expected on the back of improving conditions, industry data showed Sunday. According to the data compiled by industry tracker FnGuide, the combined earnings of listed firms here are estimated at 143.59 trillion won (US$128 billion) [...]

A Numerical Error Left a Local Brokerage Firm Bankrupt

SEOUL, Feb. 17 (Korea Bizwire) – A South Korean brokerage house has been declared bankrupt, a local court said Tuesday, following a trading mistake in late 2013 that left the firm with tens of millions of dollars in losses. The decision by the Seoul Central District Court came about a year after HanMag Securities Co., [...]