Seoul, May 9 (IANS) South Korean brokerages are seeking partnerships and expanding infrastructure for foreign omnibus accounts to attract more foreign investors, who have been instrumental in fuelling the recent tech rally that pushed the country’s benchmark index to unprecedented levels.According to financial sources on Saturday, Samsung Securities Co., a major domestic brokerage, has recently partnered with Interactive Brokers LLC. (IBKR), a global online brokerage platform, and started a pilo…
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Seoul, Feb 17 (IANS) Nearly 7 out of 10 patent applications filed in South Korea for investment-related artificial intelligence (AI) came from non-listed companies and startups, a report showed on Tuesday, suggesting venture firms are leading the AI transformation in the finance sector.According to a report from the Korea Capital Market Institute, 67 percent of patent applications for financial investment-related AI were filed by local Software as a Service, or SaaS, companies, reports Yonhap ne…
Seoul, Feb 15 (IANS) South Korea’s major brokerage houses racked up record earnings last year on the back of a bull run on the local stock market, industry data showed on Sunday.The combined net profit of the country’s 27 securities firms is estimated at 10.23 trillion won (US$7.03 billion) for 2025, sharply up from the previous year’s 6.97 trillion won, reports Yonhap news agency.Korea Investment & Securities Co. posted the biggest net income of 2.01 trillion won last year, up 79 per cent f…