SEOUL, Sept. 6 (Korea Bizwire) — South Korea’s financial holding firms saw their combined net profit jump 7.9 percent in the first half this year primarily due to higher interest income, data showed Tuesday. The combined net profit of KB Financial, Shinhan Financial and eight other financial holding firms stood at 12.41 trillion won (US$9.08 [...]
SEOUL, Dec. 20 (Korea Bizwire) — Dividends by South Korea’s four major financial holding firms are expected to hit an all-time high in 2021 as they have decided to return more of their bumper profits to shareholders, sources said Monday. The combined dividend payout of the four is likely to reach around 3.83 trillion won [...]
SEOUL, Sept. 3 (Korea Bizwire) — South Korea’s major financial holding firms that control large-sized commercial banks are asking financial authorities to grant them Internet bank licenses as a way to cope with competition from Kakao Bank and K-Bank. The four entities – KB Financial Group Inc., Shinhan Financial Group Co., Woori Financial Group Inc. and [...]
SEOUL, Feb. 8 (Korea Bizwire) – South Korea’s four major financial holding firms saw their net profits rise last year as interest income increased, according to industry data on Thursday. The combined net profit of KB Financial, Shinhan Financial, Hana Financial and Woori Bank stood at 9.77 trillion won (US$8.98 billion) lastyear, up more than 30 percent from a year earlier. KB Financial’s net profit jumped 54.5 percent on-year last year, and [...]