Lotte Card executives including former CEO Cho Jwa-jin received higher bonuses in 2024 despite a 63% plunge in net profit to 137.2 billion won and deteriorating asset quality, with the company citing salary adjustments and improved corporate finance performance as reasons for the increased compensation.
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Lotte Card Executives Receive Higher Bonuses Despite Profit Slowdown
Lotte Card executives including former CEO Cho Jwa-jin received higher bonuses in 2024 despite a 63% plunge in net profit to 137.2 billion won and deteriorating asset quality, with the company citing salary adjustments and improved corporate finance performance as reasons for the increased compensation.
Korea Development Bank resolves to pay 880.6 billion won in dividends to government at shareholders' meeting, marking third consecutive year of substantial dividend payments exceeding 750 billion won while achieving 1.7 trillion won net profit through support for strategic industries
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Korea Development Bank to Pay 880.6 Billion Won in Dividends to Government This Year
Korea Development Bank resolves to pay 880.6 billion won in dividends to government at shareholders' meeting, marking third consecutive year of substantial dividend payments exceeding 750 billion won while achieving 1.7 trillion won net profit through support for strategic industries
BNK Financial Group Chairman Bin Dae-in secures second term with overwhelming 91.9% shareholder approval, extending tenure until 2029 following 11.9% profit growth and major governance reforms including appointment of four shareholder-recommended outside directors
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BNK Financial Group Chairman Bin Dae-in Secures Second Term with 91.9% Approval
BNK Financial Group Chairman Bin Dae-in secures second term with overwhelming 91.9% shareholder approval, extending tenure until 2029 following 11.9% profit growth and major governance reforms including appointment of four shareholder-recommended outside directors
K Bank's net profit declined 12.1% year-on-year to 112.6 billion won in 2025, as rising deposit costs offset gains from increased lending and non-interest income, while the internet-only bank targets 18 million customers this year through expansion in AI and digital assets.
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K Bank's Net Profit Falls 12% to 112.6 Billion Won Last Year
K Bank's net profit declined 12.1% year-on-year to 112.6 billion won in 2025, as rising deposit costs offset gains from increased lending and non-interest income, while the internet-only bank targets 18 million customers this year through expansion in AI and digital assets.
8 o'clock Latest News: Jia Guolong Launches "Tianbian Casserole Braised Noodles", Xiaomi SU7 New Generation Starts at 219,900 Yuan with 4,000 Yuan Price Hike, McDonald's Responds to Egg Tart Sale
Jia Guolong stated that in the future, a new brand will be employed to take over certain closed Xibei stores and their employees.
Meritz Financial Group reappoints Vice Chairman Kim Yong-beom for fifth consecutive term through 2029, recognizing his leadership in achieving record 2.35 trillion won net profit and three consecutive years of "2 trillion won club" membership, demonstrating sustained growth momentum under his strategic direction.
#YonhapInfomax #MeritzFinancialGroup #KimYongBeom #FifthTerm #NetProfit #RecordEarnings #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=108962SC Bank Korea's net profit plummeted 57.3% to 141.5 billion won last year, driven by one-time expenses including voluntary retirement costs and ELS-related provisions totaling 239 billion won, while interest income declined amid falling market rates and NIM compression to 1.41%.
#YonhapInfomax #SCBankKorea #NetProfit #EquityLinkedSecurities #NetInterestMargin #VoluntaryRetirement #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=108514
SC Bank Korea's Net Profit Plunges 57.3% to 141.5 Billion Won Last Year
SC Bank Korea's net profit plummeted 57.3% to 141.5 billion won last year, driven by one-time expenses including voluntary retirement costs and ELS-related provisions totaling 239 billion won, while interest income declined amid falling market rates and NIM compression to 1.41%.
Hanyang Securities will retain its 70-year-old brand name despite a change in majority ownership to KCGI, highlighting the firm's strong heritage and robust profitability as key reasons for maintaining its identity.
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Despite Investment Gains, South Korean Non-Life Insurers Hampered by Long-Term and Auto Insurance Losses
South Korea's top non-life insurers saw net profit fall 11% in 2023, as strong investment gains were outweighed by steep losses in long-term and auto insurance segments.
Mirae Asset Life Reports 130.8 Billion Won Net Profit in 2025—Accelerates 'Korean Berkshire Hathaway' Model
Mirae Asset Life Insurance posted a 3.9% drop in 2025 net profit to 130.8 billion won, but saw double-digit CSM growth as it advances its 'Korean Berkshire Hathaway' strategy.
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