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Finance

Four major financial groups\' Q1 results split as AI, digital finance spread

South Korea\'s financial sector has entered the first-quarter earnings season, with non-interest income and non-bank units driving diverging results among major financial holding companies. KB Financial Group, Shinhan Financial Group and Hana Financial Group posted record results, while Woori Financial Group recorded a decline. Strong stock markets lifted securities firms\' earnings, and new savings and investment products were launched. The industry is also accelerating a shift toward AI and digital finance, alongside calls for stronger controls and risk management.

Finance

Brokerages fly on stock market boom as earnings engine for financial holding groups in Q1

Brokerage units of five major South Korean financial holding groups posted record-level first-quarter results, helped by a rise in domestic stock trading value. Higher trading boosted brokerage commission income, while product management gains and wealth management revenue recovered, supporting group earnings. NH Investment & Securities posted the biggest net profit. KB Securities and Hana Securities reported broad-based improvement, while Shinhan Investment showed strong brokerage and product gains but weaker investment banking.

Finance

Hana Securities Q1 operating profit rises 47.9 percent to 141.6 billion won

Hana Securities said on April 24 it posted a consolidated first-quarter operating profit of 141.6 billion won and net profit of 103.3 billion won. Operating profit rose 47.9 percent from a year earlier and net profit increased 37.1 percent. First-quarter revenue was 8.67 trillion won, up about 138 percent from a year earlier. The company cited timely responses by business divisions in a volatile market environment.