Finance

K Bank first-half net profit 60.1 billion won, down 28.7 percent

K Bank said on Wednesday it posted net profit of 60.1 billion won in the first half of this year, down 28.7 percent from a year earlier. Second-quarter net profit fell 60.6 percent from a year earlier and 19.1 percent from the previous quarter. The decline reflected a base effect from last year’s gain on sales of loan receivables, the bank said.

Finance

Woori Bank teams up with Toss Place to improve payment environment for small merchants

Woori Bank is partnering with Toss Place to support improvements in the payment environment for small merchants and self-employed business owners. The bank said it will run an event from July 6 to Dec. 31 to support merchant terminal purchases and changes to payment accounts. Merchants who newly buy a Toss Place terminal and designate or switch their card settlement deposit account to Woori Bank will receive 80,000 won.