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Finance

First-half party ends as top 5 brokerages\' Q3 net profit plunges 81 percent

Major South Korean securities firms saw earnings drop sharply in the third quarter as domestic stock trading value fell, cutting brokerage income, while rising market interest rates weighed on bond and trading results. The combined consolidated net profit of Mirae Asset Securities, Korea Investment & Securities, NH Investment & Securities, Samsung Securities and Kiwoom Securities totaled 851.2 billion won, down 81.1 percent from the second quarter. Mirae Asset swung to a net loss, and the others all posted lower profits.

Finance

Samsung Securities Q3 net profit rises 14.1 percent to 352.8 billion won

Samsung Securities reported improved third-quarter results despite weakness in the domestic stock market and lower trading value. Operating profit rose 11.7 percent from a year earlier to 449.0 billion won, while pretax profit increased 16.5 percent to 480.4 billion won. Net profit climbed 14.1 percent to 352.8 billion won. The company cited expanded wealth management earnings and stable investment banking contributions, including gains in equity capital markets and M&A.

Finance

Regulators ease forced-sale rules after stock plunge as credit lending policy swings

South Korea’s financial authorities reversed their approach to managing credit-financed stock investing within 13 days. After warning of possible additional curbs to rein in rising margin lending late last month, they moved to ease investors’ forced-sale burden following a sharp market slide. A waiver on securities firms’ obligation to maintain collateral ratios for margin loans took effect on Nov. 9 and runs through Jan. 31, 2027.