Securities Firms Profit from High Interest Rate Gaps: Regulator
SEOUL, Dec. 21 (Korea Bizwire) — South Korean securities firms were found to be borrowing at low interest rates but issuing loans to customers at significantly higher rates, the country’s financial regulator said Tuesday. Brokerage firms had borrowed funds at an interest rate of 3.02 percent as of Sept. 29, but the interest rates for [...]