Moody's: Korean brokerage sector remains challenged; outlook negative. 13 Feb 2014
Hong Kong, February 13, 2014 -- Moody's Investors Service says its negative outlook for the Korean brokerage sector reflects continued pressure on profitability over the next 12-18 months, owing to both cyclical and structural factors. "Commission income, which over the past five years accounted for on average 40% of the industry's operating income, will remain depressed due t..