South Korea's Major Brokerages Forecast Q2 Operating Profit of 4.84 Trillion Won, Up 56%-280% Year-over-Year

According to Newsis citing F&Guide data, South Korea's major brokerages including Mirae Asset, Samsung Securities, NH Investment, Korea Financial Group, and Kiwoom Securities are expected to report record Q2 operating profits totaling 4.84 trillion won, surging 56.1% to 280% compared to the same period last year. Mirae Asset Securities leads with an estimated 1.9 trillion won operating profit, up 280%. The strong earnings are primarily driven by a 35.1% quarter-over-quarter surge in average daily trading volume to 118.1 trillion won in Q2 from 84.4 trillion won in Q1, boosting brokerage commission revenues. Analysts maintain buy recommendations on major brokerage stocks, citing attractive dividend yields and enhanced shareholder returns.
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