
The headquarters of the Financial Supervisory Service in Yeouido, which is located in western Seoul, [YONHAP]
Data revealed on Monday that overseas operations of Korean securities firms experienced a surge in net income last year due to heightened trading activities.
Last year, the combined net income from international operations reached $272 million, which is almost three times higher than the $106 million reported in the preceding year, as per the figures provided by the Financial Supervisory Service (FSS).
Last year, the earnings from overseas branches made up 7.8 percent of the total net profits of the brokerage firms.
By the end of 2024, 15 domestic securities firms were active across 15 nations via 70 subsidiaries and 10 branches, with 58 located within Asia and 14 in the United States.
As of the end of 2024, the total assets of the international operations amounted to $34.28 billion, marking a decrease of $3.7 billion or approximately 9.7% compared to the previous year, as reported by the FSS.
According to the financial regulator, securities companies reported net profits in 10 nations such as the United States and Vietnam, whereas they faced net losses in three countries like Britain and Thailand.
Yonhap
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