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Brokerage firms report poor performance in 3rd quarter

Nov 15,2018
Korea’s major brokerage firms reported dismal earnings in the third quarter of this year, mainly due to the lackluster showing of the bourse, data showed on Wednesday.

In the July-September period, Mirae Asset Daewoo posted 98.8 billion won in operating profit on a consolidated basis, down 41.5 percent from last year, according to its regulatory filing.

Samsung Securities said its third-quarter operating profit shed 20.2 percent on-year to 92.3 billion won. The third-quarter operating profit of Korea Investment & Securities inched down 3.8 percent to 161.5 billion won, according to its regulatory filing.