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Korean securities firms’ profits down 40% in H1

With net profits down slightly in the second quarter from the first three months of the year, South Korea’s 54 securities companies ended the first half of 2016 with a decline in profit of more than 40% from a year before. Major losses in securities and derivatives markets were cited, with six futures companies posting a 22% decline in profit for the year through June.

Maeil Business Newspaper (South Korea) (8/29)