Stock market explosion leads to 9 trillion won profit for securities firms last year; average daily trading in January-February hits 63 trillion won
Korean securities firms reported a record profit of approximately 9 trillion won last year, benefiting from a surge in daily trading volumes and increased overseas stock trading commissions.
Increase in Short-term Financing by Securities Firms as Government Encourages Venture Capital Investment
The South Korean government is promoting venture capital investment while securities firms increase their issuance of short-term promissory notes, raising concerns about liquidity risk due to asset-liability mismatches.