Brokerage houses cut 10% of jobs amid slump in Korea
Brokerage Market Share
Seoul - Yonhap
South Korean securities companies have slashed more than 10 percent of their payrolls and shut down over 200 offices at home and abroad over the past year amid a prolonged economic slump, data showed Wednesday.
As of end-June, the nation's top 28 brokerage houses by revenue had a combined 33,091 workers, down 10.3 percent from a year earlier, according to the data by Chaebol.com, which tracks the country's family-run conglomerates known as chaebol.
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