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Securities Firms Profit from High Interest Rate Gaps: Regulator

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 [...]

Brokerages Expand Server Capacity to Cope with Massive Influx of Retail Investors

Brokerages Expand Server Capacity to Cope with Massive Influx of Retail Investors

SEOUL, Feb. 8 (Korea Bizwire) — South Korea’s major securities firms are busy expanding their server capacity as the explosive growth in the number of retail investors often causes a delay in access to their mobile trading systems (MTS). NH Investment & Securities Co. restricted some of its online services on Saturday as part of [...]

Derivatives Securities Feared to Lose Money on Sinking Stock, Oil Prices

Derivatives Securities Feared to Lose Money on Sinking Stock, Oil Prices

SEOUL, March 23 (Korea Bizwire) — South Korean investors in derivatives-tied securities could suffer big losses due to a global stock rout and plunging oil prices, industry sources said Monday. Sixteen major securities firms have posted online notices that they have sold a combined 1,077 equity-linked securities (ELS) and derivatives-linked securities (DLS) products that may [...]

Sharp Decline in Research Reports Released by Securities Firms

Sharp Decline in Research Reports Released by Securities Firms

SEOUL, Jan. 23 (Korea Bizwire) — Research reports published by securities firms are decreasing in line with changes in the business environment in the securities industry. The number of research reports published by securities firms based on financial information provider FnGuide’s tally dropped from a high of 95,215 in 2013 to 76,694 in 2018. In [...]

Securities Firms Make Inroads in Retirement Pension Market

Securities Firms Make Inroads in Retirement Pension Market

SEOUL, Nov. 15 (Korea Bizwire) — Local securities firms are moving quickly to preempt the emerging retirement pension market as a future growth engine. The government will push for the mandatory introduction of retirement pensions through a legal revision, while introducing a retirement pension fund for small and medium-sized companies. The plan is aimed at [...]

Securities Firms Consolidate Sales Offices as Desperate Measure to Survive in Recession

Securities Firms Consolidate Sales Offices as Desperate Measure to Survive in Recession

SEOUL, May 11 (Korea Bizwire) – Korea’s traditional securities firms are changing their sales strategies in a fundamental way. Under a prolonged recession with fewer customers visiting their storefronts while online and mobile transactions having surged at the expense of their stream of revenues such as brokerage fees, the industry have been under enormous pressure to transform themselves. One [...]