Press Enter to search · ESC to close

Macro US Stocks

Foreign Brokerages in Korea See Q2 Net Profit Surge 214%

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%.

Original source

AI take

The outsized gain reflects a market where foreign participation, not just index level, is doing the heavy lifting: trading volume more than tripled while profits roughly tripled, implying the surge is flow-driven and concentrated in a handful of global houses. That concentration matters because it ties Korean brokerage earnings to the same foreign desks that can rotate out quickly. Whether the volume surge persists once the index momentum cools is the open question.

Generated by AI for reference only.

Share

Related News

TREE NEWS share card
Long-press image above → Save to Photos / Share
Pitch us Feedback