Securities firms double profit in Q3
Published: 11 Dec. 2024, 14:07
![The headquarters of the Financial Services Commission inside the government complex in Jongno District, central Seoul [NEWS1]](https://koreajoongangdaily.joins.com/data/photo/2024/12/11/5a0dfc2d-70bb-4cd9-b3d0-95e060f27abe.jpg)
The headquarters of the Financial Services Commission inside the government complex in Jongno District, central Seoul [NEWS1]
Securities companies in Korea saw their net profit more than double in the third quarter of the year from a year earlier due to a base effect, data showed Wednesday.
The combined net profit of 61 domestic securities firms came to 1.81 trillion won ($1.26 billion) in the July-September period, up from a profit of 896 billion won a year earlier, according to the data from the Financial Supervisory Service.
Net income from commission fees rose 1.3 percent on year to some 3.19 trillion won while combined income from investment and stock trading spiked more than 46 percent to 2.89 trillion won during the cited period.
Yonhap
with the Korea JoongAng Daily
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