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Finance

Financial holding brokerages post about 1.41 trillion won Q2 net profit on brokerage boom

Brokerages under South Korean financial holding groups posted a combined net profit of about 1.41 trillion won in the second quarter, helped by increased stock market turnover, the investment industry said on Thursday. NH Investment & Securities and KB Securities set quarterly record results, while Shinhan Investment and Hana Securities extended growth on higher brokerage income. Woori Investment & Securities posted lower quarterly profit due to higher bad-debt costs.

Finance

KB Financial keeps top spot in first half on non-bank gains despite bank lag

KB Financial Group posted 3.88 trillion won in first-half net profit, beating Shinhan Financial Group by 441.9 billion won, helped by a surge in non-bank earnings, especially at KB Securities. Shinhan Bank, however, out-earned KB Kookmin Bank by 233.1 billion won. KB also led in ROE and CET1 ratio. The groups set out different shareholder return plans, while KB signalled further capital allocation to its securities arm.

Telecommunications & Media

SK Broadband\'s B tv Hot Deals posts 6 billion won cumulative sales in 8 months

SK Broadband said on Tuesday its TV-based short-form commerce service, B tv Hot Deals, recorded cumulative sales of 6 billion won and 270,000 orders in eight months after its launch. The service, which airs on B tv channel 41, introduces discounted home shopping products in short videos of about a minute. SK Broadband said the channel averages 800,000 users a day and has expanded participating home shopping partners and listed items.