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Finance

KB Financial nine-month net profit nears 5.8 trillion won, up 13.1 percent

KB Financial Group posted nearly 5.8 trillion won in net profit for the first nine months, lifted by higher fee income at its securities and banking units. The group said profit rose 13.1 percent from a year earlier, though third-quarter net profit fell 4.3 percent from the previous quarter as stock trading value declined and higher market rates weighed on non-interest income. Fee income surged year-on-year, while third-quarter non-interest income dropped sharply.

Finance

NH NongHyup Financial posts record nine-month net profit of 2.53 trillion won, up 11.9 percent

NH NongHyup Financial Group posted a record net profit of 2.53 trillion won for the first nine months of the year, up 11.9 percent from a year earlier. The company said interest income rose on loan growth centred on corporate finance and funding cost management. Non-interest income increased as capital-market affiliates such as securities and asset management delivered strong results. Third-quarter net profit fell from the previous quarter.

Crypto

Bitcoin may sway on Fed remarks amid inflation survey gaps

The United States failed to collect about one-third of the price data targeted in its September consumer inflation survey, raising questions about uncertainty in inflation statistics and how it may affect the Federal Reserve’s rate outlook and bitcoin. The Bureau of Labor Statistics’ collection rate was 66.3 percent, still below a year earlier. Coinbase noted bitcoin fell after a hotter CPI report, and it flagged key support zones while warning leverage could amplify moves if the Fed surprises markets.