brokerages Archives | Page 2 of 2 | Be Korea-savvy
Financial Firms to be Under Scrutiny over Controversial Derivative Products

Financial Firms to be Under Scrutiny over Controversial Derivative Products

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 [...]

Brokerages Further Cut Q1 Corporate Earnings Estimate

Brokerages Further Cut Q1 Corporate Earnings Estimate

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 [...]

Brokerages Expect 16 pct On-yr Jump in Listed Firms’ Q1 Operating Profit

Brokerages Expect 16 pct On-yr Jump in Listed Firms’ Q1 Operating Profit

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 [...]