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Finance

Shinhan Financial first-half net profit rises 13.3 percent on strong brokerage

Shinhan Financial Group posted a record first-half net profit of 3.44 trillion won, up 13.3 percent from a year earlier, helped by growth in its capital markets businesses such as brokerage and asset management. Net interest income rose 7.7 percent and non-interest income increased 19.7 percent, lifting the non-interest share of total earnings to 30 percent. The board set a second-quarter dividend of 740 won per share and plans additional share buybacks and cancellation.

Industry

LG Electronics posts Q2 operating profit of 1.58 trillion won, up 147 percent year on year

LG Electronics said on Monday it posted second-quarter consolidated revenue of 23.83 trillion won and operating profit of 1.58 trillion won, both record highs for a second quarter. Revenue rose 14.9 percent and operating profit jumped 146.9 percent from a year earlier. First-half revenue totalled 47.56 trillion won and operating profit was 3.25 trillion won. The company cited stronger premium sales and higher-margin businesses.

Games & Commerce

Kakao faces double trouble of labour dispute and weak shares, raising concerns over AI shift

Kakao’s first-ever strike at its headquarters is fuelling concerns that its artificial intelligence transition strategy could be disrupted, with the union warning of a second walkout on June 29. The dispute centres on performance pay and RSUs, but also broader issues including restructuring-related job insecurity and perceived gaps between executive and employee compensation. Kakao shares have remained weak since the strike. The company is pursuing an AI shift for KakaoTalk while facing rising costs and internal tensions.