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Finance

IBK Industrial Bank of Korea first-half net profit 1.44 trillion won, down 4.4 percent

IBK Industrial Bank of Korea posted first-half consolidated net profit of 1.44 trillion won, down 4.4 percent from a year earlier, the bank said. Market share in SME finance rose to a record 24.6 percent as SME loans increased to 270 trillion won. The bank cited larger foreign-exchange valuation losses and higher loan-loss provisions as factors behind the profit decline. It will pay its first quarterly dividend.

Finance

Woori Financial first-half net profit 1.61 trillion won, non-bank contribution rises to 22.3%

Woori Financial Group posted first-half net profit attributable to owners of the parent of 1.609 trillion won, up 3.7% from a year earlier, helped by higher capital markets fee income and the effect of consolidating an insurer. Second-quarter profit rose 66.4% from the previous quarter to 1.005 trillion won. Non-bank units’ share of group profit rose to 22.3%. The group announced a 220 won per share cash dividend for the second quarter.

Finance

Hana Financial posts 2.4029 trillion won first-half net profit, fee income up 37.7 percent

Hana Financial Group posted a first-half net profit of 2.4029 trillion won, up 4.4 percent from a year earlier, helped by higher fee income and a more diversified earnings mix. It absorbed one-off costs including provisions tied to corporate rehabilitation and foreign-exchange translation losses. Core profit rose 13 percent to 6.2956 trillion won, with fee income up 37.7 percent. Hana Bank net profit rose 1.7 percent.