Top 5 Financial Groups, Half-Year Profit Surpasses 13.1183 Trillion Won 'Historic High'...Driven by Surge in Non-Interest Income

The half-year net profit of South Korea's top five financial groups exceeded 13 trillion won, achieving a record result. Growth in non-interest income from stock market rallies and loan expansion, along with increased interest income, drove the performance improvement. According to financial disclosures on July 25, the combined net profit of KB, Shinhan, Hanaro, Naver, and NH NongHyup financial groups reached 13.1183 trillion won, a 9.7% increase from the same period last year. Second-quarter profits also hit a record 6.9201 trillion won, up 9.6% year-on-year.