Archive · 31 Jul 2025

S. Korean Financial Groups Post Record Profits in First Half

S. Korean Financial Groups Post Record Profits in First Half

Big financial companies in South Korea made a lot of money in the first half of the year!

Four big groups like KB and Shinhan made a total of 10.33 trillion won.

This is because they made money from interest and other services, even though interest rates went down.

However, one company, Woori, made less money than before.

The government is worried about people owing too much money, so they told banks to lend less.

The companies are also buying back their own stocks to help their investors.

Sources