Securities firm employees 17a record high in years, tighter management of margin loans
As the KOSPI rose, securities firms sharply increased hiring, and their total number of employees 1increased over 819by 17to its highest level in years. Securities firms are tightening their management of personal margin loans.
Hiring in the securities industry is increasing as the KOSPI has repeatedly hit record highs. The total number of employees at securities firms 1increased over 819by 17to its highest level in years.
Securities firms are expanding their workforces by offering high salaries and incentives. More firms are hiring sales staff and retail support staff at the same time. 27Relevant figures were compiled in Bank of Korea and Financial Supervisory Service statistics.
Meanwhile, some securities firms are tightening controls on personal margin loans. Companies are introducing measures to strengthen margin loan limits and internal reviews. This reflects an increase in individual customers investing with borrowed money.
In discussions related to auto insurance, debate over the so-called '8weekly rule' has stalled amid concerns about its impact on votes. The insurance industry said that the possibility of an annual deficit of trillion won has been raised. Discussions on the bill and estimates of insurers’ profits and losses are proceeding at the same time.1The insurance industry said that the possibility of an annual deficit of trillion won has been raised. Discussions on the bill and estimates of insurers’ profits and losses are proceeding at the same time.
In the food and culture sectors, a collaboration product featuring Oreo, hotteok and BTS was unveiled. Fans overseas are showing interest. The participating companies announced that they would release the collaboration products in stages.