Earnings for Top Brokerages in South Korea Stumble in Q3

[kreslik.news]

Major brokerage firms in South Korea struggled during the third quarter of 2018, data released today shows, reversing the record earnings achieved in both the first half and second quarter of this year.

According to a report from Yonhap, an English-speaking local news agency in South Korea, brokers such as Samsung Securities Co., Korea Investment & Securities Co. and Mirae Asset Daewoo Co. reported a drop in earnings, based on regulatory filings from the brokers.

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The disappointing results are largely due to a lacklustre showing of the local stock market. In ... (read more)