SEOUL, Nov. 18 (Korea Bizwire) — Big brokerages in South Korea saw their investment banking unit report solid profits in the first nine months of this year, overtaking commission fees as their main profit driver, data showed Monday. Mirae Asset Daewoo Co., the nation’s largest brokerage, reported an operating profit of 249.8 billion won (US$214.6 [...]
SEOUL, Aug. 22 (Korea Bizwire) — South Korea’s financial regulator said Thursday it will begin inspecting financial firms later this week over sales of controversial derivative products that carry the risk of losing nearly all investment. Choi Jong-ku, chairman of the Financial Services Commission (FSC), told lawmakers that financial authorities will start an inspection into [...]
SEOUL, Apr. 24 (Korea Bizwire) — South Korean brokerages have cut their forecasts for the first-quarter operating profits of major listed firms by 33 percent since earlier this year, as the companies are expected to feel the pinch of slowing global demand and the U.S.-China trade dispute, a market researcher said Wednesday. Brokerages expected 136 [...]
SEOUL, Sept. 11 (Korea Bizwire) — South Korea’s major securities firms plan to hire more workers in the second half of this year, market watchers said Tuesday. Though official job announcements have yet to be made, the country’s top 10 brokerages plan to add more than 500 new workers in total in the coming months. [...]
SEOUL, Apr. 15 (Korea Bizwire) — South Korean brokerages on Saturday forecast that 128 companies listed on the main bourse will post a 16 percent on-year jump in combined operating profit in the first quarter. Local brokerages estimated the 128 listed firms on the Korea Exchange (KRX) will post a combined operating profit of 46.8 [...]