Search results for insurance payouts
Finance
Digital asset cross-industry ties spread as top 4 financial groups post 11 trillion won profit era
Big Tech, financial firms and payment companies in South Korea are widening digital-asset initiatives by teaming up with global blockchain companies. Kakao Group and Toss and Toss Bank are working with Circle to review stablecoin-based payment and settlement infrastructure and tokenised financial services. Banks are developing cross-border remittance and payment models. Separately, the top four financial holding groups posted combined first-half net profit above 11 trillion won, while regulators step up group-level oversight of fintech expansion.
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.
Finance
KB Kookmin Bank offers integrated search for dormant deposits, insurance payouts at 100 financial institutions
KB Kookmin Bank is running a campaign that allows customers to search at once for dormant deposits and insurance payouts held at about 100 domestic financial institutions and apply for refunds. The bank said the campaign will run through Aug. 31 to help consumers recover unclaimed financial assets. Refunds are paid into the customer’s KB Kookmin Bank account, and dormant deposits of 300,000 won or less are refunded automatically.
