South Korea's Major Brokers Post Record Q2 Profits as Trading Surges 126% Year-Over-Year

According to iM Securities, South Korea's five major brokerages—Mirae Asset, Korea Investment, NH Investment, Samsung, and Kiwoom—posted combined net profits of 3.934 trillion won in the second quarter of 2026, surging 126% year-over-year. The gains were driven by a spike in brokerage commissions following the May launch of leverage ETFs, which triggered concentrated short-term arbitrage activity. June's average daily trading volume reached 137.5 trillion won. However, the brokerages' share prices have underperformed since April, with industry analysts attributing the disconnect to intensifying semiconductor concentration in the market, which has diverted investor flows toward chip stocks like Samsung Electronics and SK Hynix rather than securities firms.
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