Most Popular
-
1
Over 80,000 millionaires, 20 billionaires in Seoul: report
-
2
Korean battery makers heave sigh of relief over 2-year IRA reprieve
-
3
Young Korean doctors seek plan B: cosmetic dermatology or overseas
-
4
Yoon apologizes over first lady’s Dior bag scandal, but accuses special probe attempt as political maneuvering
-
5
South Korea open to Indonesian proposal to cut KF-21 payments
-
6
Police seek arrest warrant for med student who killed girlfriend
-
7
Coupang earnings hit hard by losses from ailing Farfetch
-
8
Girl hanging on bridge, police trying to rescue her both fall off; rescued immediately
-
9
[K-pop’s dilemma] Time, profit pressures work against originality
![[K-pop’s dilemma] Time, profit pressures work against originality](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/05/08/20240508050705_0.jpg&u=20240508171126)
-
10
Why femicide and dating violence are growing issues in S. Korea
![[K-pop’s dilemma] Time, profit pressures work against originality](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/05/08/20240508050705_0.jpg&u=20240508171126)
The combined net profit of asset management companies in South Korea surged 62.4 percent in 2020 from a year earlier due to a strong gain in commission fees amid a bullish stock market, data showed Wednesday.
The combined net profit of 326 asset management firms came to 1.33 trillion won ($1.17 billion) last year, up 511.8 billion won from a year ago, according to the Financial Supervisory Service (FSS).
Analysts attributed the jump in their earnings to the bullish run of the South Korean stock market despite the coronavirus pandemic.
South Korea's benchmark KOSPI index gained about 30 percent last year.
Their combined assets came to 1,197.8 trillion won at the end of last year, up 5.4 percent from a year ago.
According to the FSS, 72 asset management firms, or 22.1 percent of the total, reported net losses last year, with the remainder posting net profits. (Yonhap)
The combined net profit of 326 asset management firms came to 1.33 trillion won ($1.17 billion) last year, up 511.8 billion won from a year ago, according to the Financial Supervisory Service (FSS).
Analysts attributed the jump in their earnings to the bullish run of the South Korean stock market despite the coronavirus pandemic.
South Korea's benchmark KOSPI index gained about 30 percent last year.
Their combined assets came to 1,197.8 trillion won at the end of last year, up 5.4 percent from a year ago.
According to the FSS, 72 asset management firms, or 22.1 percent of the total, reported net losses last year, with the remainder posting net profits. (Yonhap)
![[Today’s K-pop] Stray Kids to drop new album in July: report](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=642&simg=/content/image/2024/05/09/20240509050659_0.jpg&u=)