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Finance

Capital markets also show economies of scale as big brokerages rush to boost capital

Competition among securities firms to bolster capital is spreading quickly, led by large brokerages, as more businesses link bigger capital bases to revenue growth. KB Securities decided on a 1 trillion won rights offering after earlier support from KB Financial Group. Similar moves include Korea Investment & Securities, Woori Investment & Securities and NH Investment & Securities, while Hanyang Securities also joined. The combined amount totals about 4.65 trillion won this year.

Finance

Korea online-only banks near 60 million customers as focus shifts from scale to profitability

South Korea’s three online-only banks have more than 58 million customers and are nearing 60 million, helped by mobile-based services. Customer growth has not automatically translated into stable profitability, and the key second-half task is diversifying revenue. KakaoBank, K Bank and Toss Bank are expanding products, partnerships and new customer segments. They also face pressure to sustain lending to mid- to low-credit borrowers while managing asset quality and non-interest income.

Finance

KOSPI enters pause as financial sector faces pressure for inclusive finance

South Korea’s stock market has surged on an AI semiconductor rally, pushing the KOSPI above 8,000 for the first time and lifting market value to sixth in the world, ahead of Taiwan. Brokerages posted strong first-quarter results as trading rose. Caution is also growing over volatility after the sharp run-up. Separately, “inclusive finance” has emerged as a key issue as banks and financial groups face pressure to expand support for vulnerable borrowers and strengthen public responsibility.