SC First Bank has launched a time deposit product that pays after-tax interest at maturity in Korean Air mileage. The bank said it partnered with Korean Air to offer the product and will run a launch event through Oct. 31. Customers can choose 6- or 12-month terms, with base rates of 3.15 percent and 3.55 percent. Preferential rates can lift returns to 3.25 percent and 3.65 percent, depending on deposit size and customer status.

Kiwoom Securities posted stronger-than-expected results for the second quarter, helped by rising trading value in the domestic stock market and solid performance in its sales and trading business. The firm reported operating profit of 789 billion won, up 93.2 percent from a year earlier, and revenue of 16.07 trillion won, up 256.7 percent. Net profit rose 119.4 percent to 681 billion won.