Episode Description:
KB Financial and Shinhan Financial both posted record quarterly profits, while the won-yen rate hit a near two-year low.
KB Financial's Q2 net profit rose 14.6% to 1.9922 trillion won ($1.4 billion), and Shinhan Financial's rose 17.5% to 1.8201 trillion won, both records driven by strong securities and fee income. The Korean won strengthened past 900 won per 100 yen for the first time since November 2024, as Korea's GDP beat and SK Hynix's ADR-related conversions boosted demand. Meanwhile, the domestic loan delinquency rate climbed to a nine-year high, raising questions about provisioning ahead of expected rate hikes.
Sources:
- KB, Shinhan Post Record Q2 Profit on Fee Income — Seoul Economic Daily, July 23 2026
- Won-Yen Rate Falls Below 900 for First Time in Two Years — Seoul Economic Daily, July 23 2026
About AI PRISM:
AI PRISM is Seoul Economic Daily's WAN-IFRA award-winning newsroom AI series, delivering Korean economic news adapted for global audiences. Episodes are produced with AI assistance and reviewed by a human editor.
Tags:
#KBFinancial #ShinhanFinancial #WonYen #BankOfKorea #Delinquency #KOSPI #AIPRISM #SeoulEconomicDaily #WANIFRA
