Business · Companies · 2 hrs ago
South Korea’s Five Major Financial Groups Set Record Profit, Headline Says
South Korea’s five major financial groups are reported to have made a record 20 trillion won in profit this year.
The headline also says they collected 40 trillion won from interest, while the detailed figures cover results through the third quarter.
KB Financial Group led the figures provided, with 5.7921 trillion won in net profit.
Shinhan reported 5.0274 trillion won, and Hana reported 3.6243 trillion won; all three were up from a year earlier.
Woori was the exception, with profit down 4.95% to 2.6581 trillion won.
Higher interest rates and larger loan portfolios supported interest income at the groups, which earn interest on loans.
Future earnings may depend on interest rates and whether loan growth continues.
The figures also leave open whether lower costs or stronger non-interest income can help Woori improve its results.
South Korea’s five major financial groups are forecast to post a record combined net profit of 20 trillion won this year, according to the Maeil Business headline.
The headline also says the groups collected 40 trillion won through interest business.
Among the four groups detailed in the article, KB Financial Group led with cumulative net profit of 5.7921 trillion won through the third quarter.
Shinhan Financial Group, Hana Financial Group and Woori Financial Group reported cumulative net profits of 5.0274 trillion won, 3.6243 trillion won and 2.6581 trillion won, respectively.
The article links strong results to high interest rates and growth in loan assets, while Woori was the only one of the five groups whose net profit fell year on year.
- Who
- South Korea’s five major financial groups.
- What
- They are forecast to record combined net profit of 20 trillion won this year. The headline also says they collected 40 trillion won through interest business.
- When
- The article was published on October 30, 2026, and reports cumulative results through the third quarter.
- Where
- South Korea.
- Why
- High interest rates and growth in loan assets supported interest income and profits.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Combined net profit forecast
- 20 trillion won this year
- Interest income in headline
- 40 trillion won
- KB Financial Group
- 5.7921 trillion won cumulative net profit through the third quarter
- Shinhan Financial Group
- 5.0274 trillion won cumulative net profit through the third quarter
- Woori Financial Group
- 2.6581 trillion won cumulative net profit, down 4.95% year on year
What people are saying
Raked in 40 trillion won through interest business