SEOUL, July 11 (Korea Bizwire) — Brokerage firms in South Korea are engaged in a marketing war, offering commission discounts to attract individual investors interested in trading stocks overseas. Mirae Asset Securities Co. has launched a promotional event, allowing individual investors to buy U.S. stocks online without paying any commissions until the end of this [...]
SEOUL, March 23 (Korea Bizwire) — South Korean brokerage firms saw their combined net profits plunge in 2022 due to a fall in transaction fees and shrinkage in profits from stock and bond markets, data showed Thursday. The combined net profit of 58 brokerages stood at 4.51 trillion won (US$3.47 billion) last year, compared with [...]
SEOUL, March 21 (Korea Bizwire) — Brokerage firms in South Korea saw their net profit grow sharply last year thanks to increased transactions fees, data showed Monday. According to the data from the Financial Supervisory Service, 58 brokerage firms reported 9.09 trillion won (US$7.5 billion) in their combined net profit last year, up 54.2 percent [...]
SEOUL, Feb. 7 (Korea Bizwire) — An increasing number of South Koreans are engaging in direct trading of foreign stocks, bolstered by the strengthening world stock market as well as deeper interest among the public. Brokerage firms, in response, are developing new strategies for foreign stocks to meet customer demand. Between December 2018 and January [...]