South Korea's asset managers' net soars 51.8% in first half
Management company
Seoul - Yonhap
Korean asset managers saw their net profit soar 51.8 percent in the first half of the year from a year earlier due to a rise in returns from stock investment, the financial watchdog said Thursday.
A total of 86 asset management companies posted a combined 212 billion won (US$207.5 million) in net profit in the January-June period, compared with 139.7 billion won in the same period last year, according to the Financial Supervisory Service (FSS).
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