Contrasting Performance
It is predicted that KB Financial Holdings and the Woori Financial Group recorded at least double-digit growth in the first half of this year from a year earlier, unlike Shinhan Investment Corporation and the Hana Financial Group.
According to the respective companies and financial information provider FnGuide, the Hana Financial Group’s net profit for the first half is estimated at 551.4 billion won (US$545.1 million), 1.34 percent less than the 558.9 billion won (US$553.6 million) of a year ago.
Also, it is likely that Shinhan Investment Corporation posted single-digit growth in net profits during the same period to approximately 1.1556 trillion won (US$1.144 billion), due mainly to volatility factors rather than poor sales activities. The impact from the credit evaluation on major conglomerates, which was carried out in the second quarter, appears to be limited, too.
Meanwhile, the Woori Financial Group, which is for sale now, is expected to have boosted its net profit to 745.6 billion won (US$738.5 million) in the second quarter. That for the first half is estimated at 1.1195 trillion won (US$1.1088 billion) or so.
KB Financial Holdings’ net profit for the two quarters is expected to have gone up from 578.1 billion won (US$571.5 million) to 762.3 billion won (US$753.5 million), despite CEO risks and recent large-scale accidents in its subsidiaries.