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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.

Finance

Hana Financial posts 2.4029 trillion won first-half net profit, fee income up 37.7 percent

Hana Financial Group posted a first-half net profit of 2.4029 trillion won, up 4.4 percent from a year earlier, helped by higher fee income and a more diversified earnings mix. It absorbed one-off costs including provisions tied to corporate rehabilitation and foreign-exchange translation losses. Core profit rose 13 percent to 6.2956 trillion won, with fee income up 37.7 percent. Hana Bank net profit rose 1.7 percent.

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.