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Finance

MG Community Credit Cooperatives sell 3.48 trillion won in NPLs in H1, merge 21 units

MG Community Credit Cooperatives sold 3.48 trillion won worth of non-performing loans in the first half of this year and merged 21 member cooperatives as it accelerates efforts to improve asset quality. Of the total NPL sales, 3.19 trillion won was sold through MG Asset Management Co, a specialist manager launched in July last year. The delinquency ratio fell to 5.08 percent at end-2025 from 8.37 percent at end-June 2025.

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

KB Financial first-half net profit 3.88 trillion won, non-bank contribution 44 percent

KB Financial Group posted a first-half net profit of 3.88 trillion won, up 13.1 percent from a year earlier, helped by higher fee income. Net fee income surged 50.6 percent, while second-quarter net interest income fell and margins narrowed. Non-bank units accounted for 44 percent of group profit, with KB Securities contributing about 21 percent. The board approved a 700 billion won share buyback and cancellation and a quarterly cash dividend of 1,155 won per share.