SpaceX investment valuation losses contribute to brokerage Q3 net loss
1 report, 1 independent
Updated 00:00
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What happened
A brokerage reported a net loss of 405.6 billion won for the July-September quarter, with its consolidated operating loss reaching 502.3 billion won. The firm cited valuation losses on its investment in SpaceX as a factor in the losses. Separately, the brokerage announced plans to cancel about 1.4 trillion won in treasury shares as part of a new shareholder return policy for 2027-2029.
From koreaherald.com
Why it matters
The reported losses occurred despite the brokerage achieving strong performance in the first half of the year. The new shareholder return policy is intended to strengthen shareholder value for the brokerage despite earnings volatility.
From koreaherald.com
Who's involved
- SpaceXThe company whose investment valuation losses contributed to the brokerage's Q3 losses