Combined net profit at 61 South Korean securities firms reached 5.1914 trillion won in the second quarter, up 82.1% from a year earlier and 20% from the first quarter, according to preliminary data released by the Financial Supervisory Service (FSS) on the 10th. Favorable market conditions increased fee income and proprietary trading gains. Fee income rose 32.5% from the previous quarter to 8.8675 trillion won, led by brokerage commissions of 5.7708 trillion won, up 34% as stock-trading volumes grew. Investment banking fees increased 27.5% to 1.2008 trillion won, while wealth management fees climbed 56.7% to 1.0531 trillion won. Proprietary trading gains rose 45.8% to 5.9825 trillion won. Total assets increased 14.4% from the end of March to 1,256.1 trillion won at the end of June. Net profit at three futures firms reached 36.84 billion won, rising 12.8% quarter on quarter and 63.5% year on year.