Brokerages 1quarterly net profit 4.3trillion won, due to a surge in trading value
South Korean brokerages 1quarterly net profit 4.3trillion won. A surge in trading value and a buoyant stock market were cited as the main factors, while financial authorities announced that they would begin pilot operations of a venture capital platform next month.
South Korean brokerages 1quarterly net profit 4.3trillion won. This represents an increase of 77% from the same period a year earlier. The industry points to the surge in stock-market trading value as the background.
Several brokerages 1reported that brokerage revenue and gains and losses related to proprietary investments increased in their quarterly results. The surge in trading value is classified as an item that affected the expansion of revenue. Specific results by brokerage are subject to the quarterly reports.
The Financial Supervisory Service announced that it would begin pilot operations next month of a 'venture capital platform' connecting brokerages with venture companies. Through the pilot operation, the authorities plan to verify how the platform will operate. The participants and operating schedule will be announced later.
In individual company news, Semities reported 1quarterly revenue of 127hundred million won. The company disclosed that revenue increased year on year by 139%. The company cited expanded product sales as the reason for the revenue growth.
Among overseas indicators, the United States' 5monthly producer price index (PPI) rose year on year by 6.5%. This figure is classified as an indicator related to inflationary pressure. The indicator was reported in the 6month.
This quarter's earnings and policy announcements are directly linked to stock market trading flows and quarterly earnings disclosures by individual companies. Securities firms are continuing to disclose dividends and liquidity based on quarterly earnings. Investors can check the details through each company's quarterly report.