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Finance

IBK Industrial Bank analyzes 1,581 Kosdaq firms; semiconductor operating margin rises to 12.4 percent

IBK Industrial Bank of Korea analyzed first-half business results for 1,581 Kosdaq-listed companies and found a sharp improvement led by semiconductors. Total operating profit rose 60.4 percent from a year earlier, while sales increased 14.5 percent. The overall operating margin came to 5.2 percent, up 1.5 percentage points. Small and midsize firms posted faster sales growth than large firms. The semiconductor and related equipment margin rose to 12.4 percent from 6.9 percent.

Finance

Shinhan Bank cuts mid-rate loan interest for mid-low credit borrowers by 0.3 percentage point, keeps 6.9 percent cap

Shinhan Bank cut interest rates on private mid-rate loans for mid-to-low credit borrowers by an additional 0.3 percentage point. The bank is keeping the existing cap of 6.9 percent a year, meaning the benefit may vary by customer depending on each borrower’s calculated rate. The change applies to customers in the bottom 50 percent of NICE or KCB credit scores and to certain unsecured loan products, including non-face-to-face loans.

Crypto

Cardano falls below $0.24 as whale selling flashes warning of further decline

Cardano (ADA) has fallen below the $0.24 level, raising the risk of further losses. Analyst Ali Martinez (알리 마르티네즈) said whale selling and slowing network activity point to a move into a correction phase. ADA was at $0.2386, slightly under the key level, and could fall about 12 percent toward $0.21 if channel support breaks. Large holders sold more than 110 million ADA in five days, while daily active addresses fell 41.36 percent.