[Six Major Foreign Brokerage Firms Emerge as Biggest Winners in Korean Stock Market Bull Run: Q2 Net Profit Reaches 630.5 Billion KRW, JPMorgan Leads the Pack] Deep Tide TechFlow reports, on August 23, according to Korean media Econovill, data released by the Korea Financial Investment Association shows that six foreign brokerage firms—JPMorgan, Goldman Sachs, Merrill Lynch, UBS Securities, Morgan Stanley, and Citigroup Global Markets—collectively achieved a net profit of 630.5 billion KRW (approximately $450 million) in the Korean stock market during the second quarter of this year, marking a year-on-year increase of 213.8% and a quarter-on-quarter increase of 133.3%. Operating profit reached 828.9 billion KRW, up 220.7% year-on-year. Among them, JPMorgan stood out the most, with a Q2 net profit of 204.5 billion KRW (approximately $147 million), ranking first among the six foreign brokerage firms. Goldman Sachs, Merrill Lynch, and UBS Securities posted Q2 net profits of 137.1 billion KRW, 98.2 billion KRW, and 77.2 billion KRW, respectively. Morgan Stanley and Citigroup Global Markets also achieved net profits of 59.9 billion KRW and 53.6 billion KRW, respectively. In comparison, the net profit of Korea's ten major domestic brokerage firms grew by 141% year-on-year and 37% quarter-on-quarter in the second quarter.