More than half of 789 financial investment firms lost last year
This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology
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hoondork1977@alphabiz.co.kr | 2023-03-06 20:12:56
[Alpha Biz=(Chicago) Reporter Paul Lee] More than half of South Korea's financial investment-related companies posted losses last year, a report showed.
According to the Korea Financial Investment Association on the 6th, 466 out of 789 financial investment companies posted losses as of Dec. 31 last year. If you calculate only companies whose settlement date is December, 255 out of 512 companies are in the red. Last year, stock market yields, including the U.S. and South Korea, were not high, and a drop in the value of most assets such as bonds, as well as real estate, is believed to have affected.
By industry, there were a total of 352 asset management companies as of December, of which 175 companies, or 49.7 percent, were in the red. Twelve out of 53 securities firms and 68 out of 91 investment advisors posted losses. The proportion of deficit asset management companies was only 54 (20.8%) in 2020 and 32 (11.4%) in 2021, but it increased more than half last year.
JP Morgan Securities had the highest net profit per capita at KRW 1.064 billion. Among domestic securities firms, Kiwoom Securities was the highest at KRW 741.93 million.
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