South Korea's 10 largest brokerage firms reported a record consolidated Q2 net
profit of KRW 5.9362 trillion, up 37% QoQ and 141% YoY. Despite robust earnings,
broker stocks have weakened: the KRX securities industry index peaked at
9,804.97 on May 9, then slid to 6,400–7,400 in June, 4,700–6,400 in July and has
traded around 5,000–5,500 this month.