Arab Today, arab today brokerage houses suffer massive losses in seoul
Last Updated : GMT 15:44:02
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Brokerage houses suffer massive losses in Seoul

Arab Today, arab today

Arab Today, arab today Brokerage houses suffer massive losses in Seoul

Seoul - Yonhap

South Korean brokeragie houses suffered big losses in the fourth quarter of last year, largely due to a fall in commission income and increased costs, data showed on Thursday. The combined losses by 62 brokerage firms came to 206 billion won (US$193 million) during the October-December period, widening from losses of 23.3 billion won in the third quarter of last year. The fourth-quarter figure also compares with a profit of 119 billion won in the second quarter of last year, according to the data compiled by the Financial Supervisory Service (FSS). They close their books on March 31.

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