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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

Woori Investment Securities Q2 net profit 11 billion won, down 21 percent from Q1

Woori Investment Securities posted a second-quarter net profit of 11 billion won, down 21.4 percent from the previous quarter, as expanded credit loss costs outweighed gains in interest and non-interest income. Net operating revenue rose 8.6 percent to 76 billion won, while credit loss costs jumped 88.9 percent to 17 billion won. First-half net profit climbed 47.1 percent year on year to 25 billion won, and retail customers increased to 781,000.

Crypto

Rakuten Wallet unveils first physical Shiba Inu coin targeting 44 million-strong Rakuten retail ecosystem

Japan\'s Rakuten Wallet has produced what it called the industry\'s first physical Shiba Inu (SHIB) coin, the fifth release in its collectible Real Coin series. The company said the metal commemorative coin is not linked to a blockchain and is not a payment tool. Rakuten Wallet plans to use it for offline marketing and events targeting Rakuten\'s 44 million-strong retail ecosystem, alongside preparations for large-scale giveaway campaigns.