Six Major Foreign Brokerages Emerge as Biggest Winners in Korean Stock Bull Run: Second-Quarter Net Profit Hits 630.5 Billion Won, Led by JPMorgan
Source：
www.econovill.com
According to a report by Korean media Econovill, data released by the Korea Financial Investment Association shows that six foreign brokerages—JPMorgan, Goldman Sachs, Merrill Lynch, UBS Securities, Morgan Stanley, and Citigroup Global Markets—posted a combined net profit of 630.5 billion won (approximately $450 million) in South Korea's stock market during the second quarter of this year, representing a year-on-year increase of 213.8% and a quarter-on-quarter increase of 133.3%. Their operating profit reached 828.9 billion won, up 220.7% year-on-year.
