Most Popular
-
1
Dongduk Women’s University halts coeducation talks
-
2
Defense ministry denies special treatment for BTS’ V amid phone use allegations
-
3
Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
-
4
OpenAI in talks with Samsung to power AI features, report says
-
5
Two jailed for forcing disabled teens into prostitution
-
6
South Korean military plans to launch new division for future warfare
-
7
Gold bars and cash bundles; authorities confiscate millions from tax dodgers
-
8
Teen smoking, drinking decline, while mental health, dietary habits worsen
-
9
Kia EV9 GT marks world debut at LA Motor Show
-
10
North Korean leader ‘convinced’ dialogue won’t change US hostility
The number of stock analysts in South Korea decreased by nearly 20 percent over the last three years as the bearish stock market has worsened earnings of many brokerages, leading them to let their analysts go.
Local brokerages had 1,276 analysts as of last month, down 19.2 percent from an all-time high of 1,580 in February 2011, according to the Korea Financial Investment Association.
The report showed that the findings provide the starkest evidence yet of the market’s sluggish performance in recent years.
The KFIA said in its report that local trading firms have been cutting high-paid analysts and their paychecks as part of their restructuring scheme.
Woori Investment & Securities had the largest number of analysts at 86 as of last month, followed by Daewoo Securities’ 81 and Shinhan Investment’s 73 analysts.
Samsung Securities, meanwhile, had 70 analysts last month, down from 103 in 2011.
(monicasuk@heraldcorp.com)
Local brokerages had 1,276 analysts as of last month, down 19.2 percent from an all-time high of 1,580 in February 2011, according to the Korea Financial Investment Association.
The report showed that the findings provide the starkest evidence yet of the market’s sluggish performance in recent years.
The KFIA said in its report that local trading firms have been cutting high-paid analysts and their paychecks as part of their restructuring scheme.
Woori Investment & Securities had the largest number of analysts at 86 as of last month, followed by Daewoo Securities’ 81 and Shinhan Investment’s 73 analysts.
Samsung Securities, meanwhile, had 70 analysts last month, down from 103 in 2011.
(monicasuk@heraldcorp.com)
