Foreign Brokerages in Korea See Q2 Net Profit Surge 214%

TREE NEWS reports: Six foreign brokerages in South Korea, including JPMorgan and Goldman Sachs, posted a combined net profit of 630.5 billion won ($455 million) in Q2, up 213.8% YoY, as the KOSPI broke 9,000 points. JPMorgan led with $148 million profit, while foreign trading volume surged 312%.