This year's first half showed that major securities firms' revenue from overseas stock transaction fees approached 1 trillion won. This seems to be fueled by the trend of individual investors in overseas stocks.
According to the financial investment industry on the 5th, the combined revenue from transaction fees for overseas stock trading of the top 10 large securities firms based on total capital reached 472.6 billion won in the second quarter (April to June). The firms include Korea Investment, Mirae Asset, NH Investment, Samsung, Meritz, KB, Hana, Shinhan Investment, Kiwoom, and DAISHIN SECURITIES.
This marks an increase of about 60% compared to 295.3 billion won in the second quarter of last year. Compared to 381.7 billion won in the first quarter (January to March) of this year, it has increased by nearly 100 billion won.
The total revenue from transaction fees for overseas stock trading in the first half of this year is 854.3 billion won. If this growth trend continues, the revenue earned by the securities industry from services related to overseas stock trading is expected to approach 2 trillion won annually.
The proportion of overseas stock transaction fees in the total brokerage revenue of these 10 firms has also increased significantly, rising from 21.1% in the second quarter of last year to 30.3% in the second quarter of this year, nearly a 10 percentage point increase in one year.
The proportion of revenue from overseas stock trading at each securities firm is gradually increasing, leading to intensified marketing and events targeting individual investors in overseas stocks.
Meanwhile, fueled by the trend of individual investors in overseas stocks, the foreign currency deposits of domestic securities firms have reached an all-time high. According to the Korea Securities Finance half-year report, as of the end of June, foreign currency deposits totaled 11.42 trillion won, recording the highest ever. This represents an increase of nearly 200 billion won in just six months compared to the end of last year (11.24 trillion won).