Business · Companies · 3 hrs ago
South Korean brokerages report lower profits than in the second quarter
South Korean brokerages reported lower profits than in the second quarter of 2026, as a sharp stock market decline reduced trading activity.
Kiwoom Securities, which has a strong business serving individual investors, reported operating profit of 406.1 billion won, down 48.5% from the previous quarter.
Its stock commission revenue fell about 46%, to 244.7 billion won, as market trading value declined.
Net profit was down 65% from the second quarter and 26% from a year earlier.
NH Investment & Securities and KB Securities also had lower operating profits than in the second quarter, although each reported higher operating profit than a year earlier.
The results show how a market downturn can hit brokerages’ trading income, and the sources give no details on what happens next.
South Korean brokerages reported lower profits in the third quarter than in the second, when some had posted record results.
Kiwoom Securities’ operating profit fell 48.52% from the previous quarter to 406.1 billion won.
NH Investment & Securities’ operating profit fell 23.5% quarter on quarter, despite rising 33.2% from a year earlier.
KB Securities’ operating profit dropped 36.6% from the second quarter, while its revenue fell 55.7%.
The article attributed the declines to a sharp stock-market fall and reduced trading value.
- Who
- Kiwoom Securities, NH Investment & Securities and KB Securities.
- What
- They reported lower third-quarter profits than in the second quarter.
- When
- The results were for the third quarter of 2026. NH Investment & Securities announced its results on October 26, and Kiwoom Securities said it disclosed its results on October 30.
- Where
- South Korea.
- Why
- A sharp stock-market fall and reduced trading value weighed on brokerage results.
This story does not have two clearly opposing sides.
NH Investment & Securities recorded its highest quarterly results.
NH Investment & Securities announced third-quarter operating profit of 521.1 billion won, down 23.5% from the previous quarter.
Kiwoom Securities announced third-quarter operating profit of 406.1 billion won, down 48.52% from the previous quarter.
- Kiwoom operating profit
- 406.1 billion won, down 48.52% quarter on quarter
- Kiwoom stock commission income
- 244.7 billion won, down about 46% from the previous quarter
- NH Investment & Securities operating profit
- 521.1 billion won, down 23.5% quarter on quarter
- KB Securities operating profit
- 381 billion won, down 36.6% from the second quarter
- KB Securities revenue
- 5.4415 trillion won, down 55.7% from the second quarter