[THE INVESTOR] The net profits of 54 local brokerages rose 1.5 percent on-quarter to 621.4 billion won (US$557.8 million) in the second quarter of the year, government data showed on Aug. 29.
Revenue from brokerage commissions came to 1.99 trillion won during the period, up 13.5 percent from a quarter earlier, on an increase in the stock trade following the Bank of Korea’s interest rate cut and Brexit vote, according to the data compiled by the Financial Supervisory Service.