Korean asset management companies' operating assets have surpassed 1-hundred-1 trillion won,.... or 9-hundred-5 billion U.S. dollars for the first time.
The Financial Supervisory Service says,.... their operating assets increased three percent on-quarter as of the end of June... on growing investment in public offering funds and mutual funds.
Asset management companies' second quarter net profits also increased by more than 26 percent on-quarter,... reaching 1-hundred-93 million dollars.... thanks to increased revenue from commission charges and reduced maintenance costs.