The exchange-traded fund (ETF) market is growing fast, as Covid-19 led to changes in industries and the habits of investors.
Monitoring of alternative investments by brokerages will be strengthened from March as the country’s financial authorities strive to better manage risks.
Brokers are recording earnings as a trading boom boosts commission income.
After eight hours of negotiations running into the evening Thursday, the Financial Supervisory Service (FSS) decided to kick the can down the road on deciding punishments for brokerages that sold junk products to unsuspecting investors.
Nonghyup Financial Group saw its net profit increase in the third quarter, driven up by profit collected from retail investor brokerage fees paid to affiliate Nonghyup Securities.
The Financial Supervisory Service (FSS) warned three brokerage firms and their CEOs — either former or incumbent — that they could be in big trouble for selling troubled Lime funds to customers.
More than two million accounts have been opened with Kakao Pay Securities since the new brokerage was established in February, the mobile securities firm said Monday.
Seoul-based brokerage house Mirae Asset Daewoo posted its highest quarterly earnings since 2017 during the April-June period this year on the back of expanded investment profits and stock trade commissions.
Shares of Hanmi Pharmaceutical nosedived Tuesday to a low for the year after the company came under investigation for alleged insider trading and brokerages slashed target prices for the stock. The country’s top drug maker is suspected of delaying