Arab Today, arab today brokerages to keep cutting jobs amid falling profitability
Last Updated : GMT 16:22:08
Arab Today, arab today
Arab Today, arab today

Brokerages to keep cutting jobs amid falling profitability

Arab Today, arab today

Arab Today, arab today Brokerages to keep cutting jobs amid falling profitability

Seoul - Yonhap

South Korea's securities firms are anticipated to continue cutting jobs due mainly to their falling profitability amid the prolonged slump in the local stock market, data showed Thursday. According to the data compiled by Hyundai Securities Co., local brokerage houses' net operating income reached 9.8 trillion won (US$9.26 billion) in fiscal 2012, which ends in March, down 14.7 percent from a year earlier.

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