Financial Holding Firms Archives | Be Korea-savvy
Financial Holding Firms’ H1 Net Up 7.9 pct on Increased Interest Income

Financial Holding Firms’ H1 Net Up 7.9 pct on Increased Interest Income

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 [...]

Bank Holding Firms’ 2021 Dividends Expected to Hit New High on Bumper Profits

Bank Holding Firms’ 2021 Dividends Expected to Hit New High on Bumper Profits

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 [...]

Financial Holding Firms Looking to Acquire Internet Bank Licenses

Financial Holding Firms Looking to Acquire Internet Bank Licenses

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 [...]

Profits Racked Up for Major Financial Holding Firms Last Year

Profits Racked Up for Major Financial Holding Firms Last Year

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 [...]