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Finance

Deposit tokens push into payment networks, accelerate capital market overhaul

Deposit-token trials are spreading from payment gateways and merchant networks to cross-border payments, shifting the commercialisation race from issuance to where tokens can be used. Payment and settlement at the same time could cut small merchants’ fees and settlement periods. Inclusive finance is expanding by borrower type as banks tailor products and fintechs support fees. Regulators are weighing tighter limits on single-stock leveraged products. Market reforms also tighten scrutiny of duplicate listings and low-PBR firms.

Finance

Regional financial groups slip in H1 results as BNK-JB merger talks collapse

Three region-based South Korean financial holding firms posted weaker combined first-half results as declines at BNK Financial Group and iM Financial Holding outweighed gains at JB Financial Group. Their combined controlling-stake net profit fell 5.4 percent to 1.0931 trillion won. The gap versus the four major financial groups widened as their combined profit rose to 11.3392 trillion won. BNK and JB also rejected reviewing a merger proposed by Align Partners.

Finance

JB Financial posts record Q2 net profit of 219.6 billion won, driven by capital unit

JB Financial Group posted a controlling shareholders\' net profit of 219.6 billion won in the second quarter, its highest ever for a second quarter, led by JB Woori Capital. The group said first-half net profit totalled 385.7 billion won. ROE stood at 13.0 percent and ROA at 1.07 percent. The board approved a quarterly cash dividend of 314 won per share and a 100 billion won share buyback and cancellation.