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%.
#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%.
Lotte Wellfood Implements Voluntary Retirement Program to Enhance Future Competitiveness
Lotte Wellfood Co. launches a new voluntary retirement program targeting senior employees, offering enhanced severance and support, as part of its drive to streamline operations and boost future competitiveness.
SK On Implements Second Voluntary Retirement and Unpaid Leave Program in Less Than Five Years Since Launch
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Shinhan Card Sees 60 Employees Apply for Voluntary Retirement After Seven Months
Shinhan Card Co. received about 60 applications for voluntary retirement in its latest program, aiming to restructure its workforce just seven months after the previous round.
Homeplus Implements Voluntary Retirement Program for Headquarters Managers and Department Heads
Homeplus, currently under corporate rehabilitation, launches a voluntary retirement program for headquarters managers and department heads to address liquidity challenges and boost competitiveness.
Binggrae Implements Voluntary Retirement Program for All Employees
Binggrae Co. has initiated a company-wide voluntary retirement program, offering up to 15 months' salary, as it seeks to bolster competitiveness amid worsening business conditions.
Hana Bank has launched a special voluntary retirement program for employees aged 40 and above, offering up to 31 months’ salary—matching last year’s maximum—as part of ongoing workforce restructuring efforts in South Korea’s banking sector.
#YonhapInfomax #HanaBank #VoluntaryRetirement #SeverancePackage #SouthKoreaBanking #WorkforceRestructuring #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=98151LG Uplus Corp. reported a 34% drop in Q3 operating profit due to voluntary retirement costs, but saw robust growth in mobile, AI data center, and enterprise segments, with underlying profit up 26.7% when excluding one-off expenses.
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LG Uplus Operating Profit Drops 34% on Voluntary Retirement Costs—AI Data Center and Enterprise Businesses Remain Robust (Comprehensive 2nd Report)
LG Uplus Corp. reported a 34% drop in Q3 operating profit due to voluntary retirement costs, but saw robust growth in mobile, AI data center, and enterprise segments, with underlying profit up 26.7% when excluding one-off expenses.
LG Uplus Operating Profit Drops 34.3% on Voluntary Retirement Costs—Mobile and AIDC Businesses Remain Robust (Comprehensive)
LG Uplus Corp. reported a 34.3% drop in Q3 operating profit due to voluntary retirement costs, but saw robust growth in mobile, AIDC, and enterprise infrastructure segments.
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