Korea's top brokerages see combined Q3 profit plunge 80%

South Korea's top brokerage firms saw their earnings boom cool sharply in the third quarter, as sluggish stock trading, rising market interest rates and valuation losses on investment assets weighed on their bottom lines. The combined net profit of the country's five largest brokerages — Mirae Asset Securities, Korea Investment & Securities, NH Investment & Securities, Kiwoom Securities and Samsung Securities — came to 851.2 billion won ($640 million) on a consolidated basis in the July-Septembe

Source: The Korea Herald