South Korean Brokerages’ April-June Profit Drops 73%, FSS Says

Combined net income of 62 brokerages in April-June fell to 216.3b won from yr earlier, Financial Supervisory Service says in e-mailed statement. *Brokerage fees dropped 37% as equity trading value declined amid continued uncertainty in financial markets: FSS *62 firms include 42 domestic brokerages and 11 branches of foreign companies: FSS *NOTE: Benchmark Kospi index slipped 7.95% in April-June

To contact the reporter on this story: Seonjin Cha in Seoul at scha2@bloomberg.net

To contact the editor responsible for this story: Chitra Somayaji at csomayaji@bloomberg.net

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