Search results for margin lending
Finance
Investor deposits fall below 90 trillion won to lowest in nine months
Investor deposits held in brokerage accounts fell below 90 trillion won as volatility in South Korean stocks persisted. The deposits totalled 89.6 trillion won as of Oct. 21, the lowest level since mid-January, extending a seven-session slide. Margin lending balances also declined to 30.27 trillion won, the lowest since Aug. 11. Forced liquidation also eased, with the forced sale amount falling to 12.9 billion won.
Finance
Stock market slump drains sidelined cash as deposits fall to 90 trillion won
Investor deposits and margin lending in South Korea are falling as stock market volatility rises. Investor deposits stood at 90.3 trillion won as of Oct. 20, down 1.8 trillion won from the previous session and marking a sixth straight decline. Margin loan balances fell to 30.5 trillion won, their lowest since Aug. 12. The KOSPI closed down 3.73 percent at 5,552.74 on Oct. 20, while forced selling also eased.
Finance
Lee Chan-jin asks broker CEOs to step up shareholder returns and investor protection
Lee Chan-jin (이찬진), head of South Korea’s Financial Supervisory Service, urged securities firm CEOs to expand shareholder returns and social contributions in line with earnings growth and to strengthen investor protection. He said the industry could not secure its future without investor trust. Lee criticised shareholder return efforts as falling short of market expectations and cited wide gaps in dividend payout ratios among major brokers.
