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Games & Commerce

Ohou overhauls membership, shifts benefits to start of purchases

Ohou is scrapping its purchase-performance-based tier system and moving the timing of membership benefits to the start of purchases. The company will introduce a new membership program in September and stop granting new status under its existing VIP tier scheme, it said on Wednesday. The termination takes effect from Aug. 30. The change aims to broaden the range and scope of customers who receive benefits such as points and shipping coupons.

Finance

KB Securities posts 600.6 billion won Q2 operating profit, up 175.5 percent

KB Securities said its second-quarter operating profit and net profit more than doubled from a year earlier, delivering its best-ever first-half performance. The brokerage reported consolidated operating profit of 600.6 billion won, up 175.5 percent, and net profit of 450.8 billion won, up 180.6 percent. First-half operating profit totalled 1.05 trillion won and net profit 801.0 billion won, the highest on a half-year basis.

Finance

KB Financial first-half net profit 3.88 trillion won, non-bank contribution 44 percent

KB Financial Group posted a first-half net profit of 3.88 trillion won, up 13.1 percent from a year earlier, helped by higher fee income. Net fee income surged 50.6 percent, while second-quarter net interest income fell and margins narrowed. Non-bank units accounted for 44 percent of group profit, with KB Securities contributing about 21 percent. The board approved a 700 billion won share buyback and cancellation and a quarterly cash dividend of 1,155 won per share.