Economy
Finance
Kbank Reports First-Half Net Profit of 60.1 Billion Won… Down 28% Year-Over-Year
Kbank posted a net profit of 60 billion won in the first half of this year. The company attributes its first-half performance to the expansion of its customer base and growth in loans to sole propriet…
Finance
Buying Back and Canceling 4 Trillion Won Worth of Treasury Stock… Competition Heats Up Among the Big Four Financial Institutions to Return Value to Shareholders
The four major financial groups (KB Financial Group, Shinhan, Hana, and Woori Financial), which posted record-breaking earnings, have resolved to invest 4.1 trillion won this year solely in the repurc…
Finance
DB INSURANCE Presents Scholarships to Chungju Seongsim School… “14 Years of Partnership”
DB INSURANCE(005830)has once again this year presented scholarships to Chungju Seongsim School, a special education institution for the hearing impaired. This marks the 14th consecutive year of the pr…
Finance
"First Strike at an Internet Bank" Looms... Will the KakaoBank Corp. Labor-Management Agreement Set the Standard?
For the first time since the launch of domestic internet banks, the likelihood of a strike in the industry has increased significantly. KakaoBank Corp.(323410) As labor and management at Kakao Bank ha…
Finance
Earn 10% Cash Back on Overseas Payments with Free Currency Exchange… Hana Card and Samsung Wallet Team Up
Hana Card is partnering with Samsung Wallet to launch a debit card that integrates “Travelog,” a service specialized for overseas travel. This collaborative product is aimed at Galaxy users to make ov…
Finance
SK hynix's Indefinite Futures Plunge at One Point… Proving Vulnerability to 'Off-Regulatory Bets'
A “flash crash”—a sudden, sharp drop in price—occurred during trading hours for a futures contract tracking the stock price of SK hynix(000660), which is traded on Hyperliquid (HYPE), a decentralized …
Finance
kakaopay Launches 'Sagak Sagak Supporters'… Takes Steps to Bridge the Digital Financial Divide
kakaopay(377300)has launched an initiative to improve financial literacy among digitally underserved groups, such as multicultural families, and to bridge financial gaps.
kakaopay poses for a comme…
Finance
iM Finance Reports First-Half Net Profit of 295.6 Billion Won… Down 4.4% Year-Over-Year
Although iM Financial Group’s total operating profit increased in the first half of this year, net income decreased by approximately 4% due to the burden of education taxes and an increase in provisio…
Finance
TONGYANG LIFE INSURANCE Reports 66.9 Billion Won in Net Profit for Q2... Up 84.7% Year-Over-Year
TONGYANG LIFE INSURANCE(082640), which has been incorporated into the Woori Financial Group, reported a net income of 66.9 billion won for the second quarter of this year, an increase of more than 80%…
Finance
"MoonPay Named the Most Trusted On-Chain Financial Network… South Korea Is a Key Market"
“MoonPay aims to build the world’s most trusted, regulated on-chain financial network. Our goal is to integrate payments, stablecoins, and tokenized assets within a single network while meeting the hi…