Finance

KakaoBank executives buy 21,100 treasury shares worth 464.8 million won

KakaoBank executives bought treasury shares worth 464.8 million won on the open market. A total of 12 executives purchased 21,100 shares from June to Aug. 12, a regulatory filing showed. The company said the purchases reflect executives’ commitment to mid- to long-term growth and to enhancing corporate value. KakaoBank targets assets of 100 trillion won in 2027 and a return on equity of 15 percent in 2030.

Finance

Four major financial groups\' net profit tops 11 trillion won, competition shifts from banks to capital markets

South Korea’s four major financial holding groups posted combined first-half net profit of 11.34 trillion won, up 9.8 percent from a year earlier, helped by steady interest income and rising fee income from capital-market businesses such as securities, wealth management and investment banking. As non-bank earnings contributions expanded, the competitive focus among groups increasingly shifted to capital markets. In banking, Shinhan Bank led in net profit, while Woori Bank was the only one to decline.