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KRX donates 120 million won for treatment costs of children with rare diseases in Busan

Korea Exchange (KRX) donated 120 million won to support treatment costs for low-income children in the Busan area with rare diseases. KRX said on Oct. 16 it delivered the donation to World Vision. Since 2019, KRX and World Vision have supported children with rare diseases, providing treatment costs, assistive devices to support disabilities and camps aimed at strengthening family bonds. A total of 185 children have received support so far.

Finance

Brokerage stocks extend slide as market stalls; what could drive a rebound

South Korean brokerage shares that surged in the first half are sliding as the stock market weakens. Falling trading value and worries over slower third-quarter earnings are weighing on prices. Daily average trading value in the third quarter fell 41.7 percent from the previous quarter, with ETF and overseas stock trading also declining. The market estimates combined third-quarter net profit at five major brokerages fell sharply year on year. Dividends and shareholder-return policies could support any rebound.

Finance

KRX introduces KRICS industry classification, adds mobility sector

Korea Exchange will introduce its own industry classification system, KRICS, reflecting the domestic industrial structure and the characteristics of listed companies. It will create a standalone mobility sector combining automobiles and parts with passenger transport. KRICS is organised into 9 top-level sectors and a four-tier structure. KRX will publish classification results and market data on its index website from next month and apply KRICS to major indices in the second half.