| Mobile Web

Search results for GDP

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.

Crypto

Institutions flock to Polymarket and Kalshi as retail profits drop in prediction markets

Easy profit opportunities that retail traders once enjoyed on prediction markets Polymarket and Kalshi are rapidly shrinking as institutions, market makers, quant managers, funded trading firms and AI agents enter the space. The immediate battleground is the U.S. Federal Reserve’s policy rate decision, where most outcomes are priced in, leaving a narrow range to trade. Experiments also show AI models have not yet delivered stable returns.

Finance

BOK shifts to tightening as growth rebounds, leaves door open to more rate hikes

The Bank of Korea raised its policy rate to 2.75 percent from 2.50 percent, marking a shift toward tighter monetary policy. It cited cost pressures from oil and the currency, and demand-side inflation risks as AI investment and a semiconductor boom lift income and support consumption. The central bank also pointed to financial stability risks including housing prices, household debt and exchange-rate volatility, and did not rule out additional rate increases.