Business · Companies · 2 hrs ago
South Korea’s five largest brokerages see third-quarter profits fall 81%
South Korea’s five largest brokerages saw combined profit plunge 81% in the third quarter from a record second quarter.
The firms are Mirae Asset, Korea Investment, NH Investment, Kiwoom and Samsung Securities.
Their combined net profit fell from 4.51 trillion won to 851.2 billion won as weaker trading and investment losses cut earnings.
Average daily trading value on South Korean exchanges fell 36% from the second quarter, while higher market interest rates and losses in investment assets also weighed on results.
Mirae Asset swung from a large second-quarter profit to a 405.6 billion won net loss, partly because of valuation losses tied to SpaceX shares and the won’s rise against the dollar.
Despite the poor quarter, some firms’ strong first-half results kept their nine-month profits high.
Mirae Asset plans to cancel 65 million shares after its shareholder meeting next year, as part of a new policy to return value to investors.
Firms may continue to face weak trading and investment income in the fourth quarter, making shareholder payouts an important focus.
The five largest South Korean brokerages reported combined third-quarter net profit of 851.2 billion won, down 81.13% from the previous quarter.
The companies are Mirae Asset Securities, Korea Investment & Securities, NH Investment & Securities, Kiwoom Securities and Samsung Securities.
Lower stock-trading activity, weaker investment returns and valuation losses weighed on results.
Mirae Asset Securities posted a net loss of 405.6 billion won, while the other four firms remained profitable.
Mirae Asset announced plans to cancel 65 million treasury shares, worth about 1.4 trillion won, after its next annual shareholders’ meeting.
- Who
- South Korea’s five largest brokerages: Mirae Asset Securities, Korea Investment & Securities, NH Investment & Securities, Kiwoom Securities and Samsung Securities.
- What
- Their combined third-quarter net profit fell 81.13% from the previous quarter to 851.2 billion won.
- When
- The third quarter; the article was published on November 12, 2026.
- Where
- South Korea.
- Why
- Lower stock-trading activity and weaker investment returns hurt earnings. Mirae Asset also recorded valuation losses on its proprietary investment assets.
This story does not have two clearly opposing sides.
The five brokerages recorded combined net profit of 4.5099 trillion won.
Their combined net profit fell to 851.2 billion won, down 81.13% from the previous quarter.
Average daily trading value on the domestic markets fell 5.1% from September to 38.1 trillion won.
Mirae Asset plans to cancel 65 million common shares, worth about 1.4 trillion won.
- Combined third-quarter net profit
- 851.2 billion won
- Quarter-on-quarter decline
- 81.13%
- Second-quarter combined net profit
- 4.5099 trillion won
- Mirae Asset third-quarter result
- Net loss of 405.6 billion won
- Domestic average daily trading value, third quarter
- 75.3 trillion won
- Mirae Asset planned share cancellation
- 65 million common shares, worth about 1.4 trillion won
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What people are saying
Customer deposits fell sharply from their June peak of 145 trillion won to the 89 trillion won range recently, and the standby funds that flowed in during the first half have all left.
Although the decline in trading value is narrowing and the market is searching for a floor, the continued fall in the share of individual trading means that a recovery in trading sentiment remains uncertain.