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Finance

Woori Financial posts 603.8 billion won Q1 net profit, down 2.1 percent

Woori Financial Group said on April 24 its first-quarter net profit fell 2.1 percent from a year earlier to 603.8 billion won, citing reduced securities and foreign-exchange related gains amid heightened market volatility linked to Middle East conflict and one-off provisions tied to overseas units. Net operating revenue rose 5.6 percent to 2.76 trillion won, supported by higher interest and non-interest income. Costs increased and asset-quality indicators weakened, while its CET1 ratio improved to a record 13.6 percent.

Finance

KB Financial Q1 net profit 1.8924 trillion won, up 11.5 percent on year

KB Financial Group said first-quarter net profit rose 11.5 percent from a year earlier to 1.8924 trillion won, helped by higher fee income at its bank, securities and asset management units despite increased market volatility. Non-bank units raised their contribution to fee income and net profit. Key capital and soundness metrics stayed stable, with a CET1 ratio of 13.63 percent and a BIS ratio of 15.75 percent as of end-March.

Finance

Shinhan Financial declares \'Shinhan Value Up 2.0\' to boost shareholder value

Shinhan Financial Group on Wednesday announced and filed its corporate value enhancement plan, dubbed \'Shinhan Value Up 2.0\'. The three-year plan runs from this year through 2028 and introduces a shareholder return formula linking ROE and growth while managing the CET1 ratio at an appropriate level. Shinhan will expand shareholder returns, including tax-exempt dividends for three years from 2026 dividends and continued share buybacks and cancellations.