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Meritz set to shake up old rivalry in securities industry

Meritz Securities is set to emerge as the nation s most profitable brokerage firm this year, breaking through the long-standing leadership rivalry between Mirae Asset Securities and Korea Investment & Securities. Meritz is forecast to achieve record earnings of more than 1 trillion won ($754.9 million) in operating profit in 2022, according to market tracker FnGuide. ....

South Korea , Meritz Financial Group , Mirae Asset Securities , Korea Investment , Asset Securities , Mirae Asset , Meritz Securities , Jeong Tae Joon , South Korea , North Korea , He Korea Times , Orea Times , Orean News In English ,

Have securities stocks bottomed out?

Local securities stocks have bottomed out, but are forecast to bounce back in 2023, as fears of their exposure to real estate project financing will gradually subside when the U.S. Federal Reserve ends its cycle of aggressive monetary tightening, analysts said. Domestic brokerages suffered a nightmarish period in the latter half of this year amid escalating financial uncertainties here and abroad. According to data from the Korea Exchange, major securities firms stock valuations displayed a double-digit decline since the start of this year. ....

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