Asset managers' Q1 net nearly doubles on commission income gains (opens original article in a new tab)

South Korean asset management firms saw their combined net income nearly double in Q1 2023, driven by increased commission income and rising assets under management.

• South Korean asset management firms' combined net income nearly doubled in Q1 2023 to 1.47 trillion won
• Commission income increased 9.5% sequentially to 1.89 trillion won in Q1 2023
• Total assets under management rose to 2,355.7 trillion won by end-March 2023