Finance

Hana Bank launches preferential account for farm and fishery owners employing foreign workers

Hana Bank has launched a demand deposit account for farm and fishery operators and sole proprietors who employ foreign workers. The account offers a base annual interest rate of 0.1 percent and a preferential rate of 1.9 percentage points when customers transfer monthly wages of at least 500,000 won per transaction to a foreign worker’s Hana Bank account. If conditions are met, up to 2.0 percent applies to balances up to 2,000,000 won, with fee waivers.

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.