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Hanwha Life Insurance said its major overseas businesses generated a combined net profit of 103 billion won ($72.7 million) in the first half, nearing the 117.8 billion won they earned for all of last year as its push to diversify beyond insurance began to pay off. The overseas operations accounted for about 11 percent of Hanwha Life's consolidated net profit of 904.5 billion won for the six-month period. Its Vietnamese life insurance unit posted 32 billion won in net profit, up 23 percent from
Kolmar Korea posted record revenue and profit for the second straight quarter, crossing 100 billion won ($70.7 million) in operating profit for the first time as demand for skincare and suncare products surged. The company reported Wednesday that consolidated revenue for the April-June period rose 17.9 percent from a year earlier to 861.3 billion won, while operating profit climbed 50.2 percent to 110.3 billion won. Both are record highs. First-half revenue reached nearly 1.6 trillion won, with
Mirae Asset Securities’ quarterly profit eclipsed three of South Korea’s four largest banking groups, trailing only industry leader KB Financial, as investment gains and overseas growth lifted net income close to 2 trillion won ($1.4 billion). The brokerage earned 1.91 trillion won in the second quarter, surpassing Shinhan Financial’s 1.82 trillion won as well as Hana Financial and Woori Financial. Shinhan, KB, Hana and Woori make up Korea’s four dominant banking groups. Mirae Asset Securities a
Benjamin Graham, widely regarded as the father of securities analysis, famously observed, “In the short run, the market is a voting machine, but in the long run, it is a weighing machine.” His words underscore a fundamental truth: While market valuations may be swayed in the short term by investor sentiment and popularity, over time they tend to converge toward intrinsic value. Some have voiced concerns about the recent short-term volatility in Korea’s stock market. Yet in the long run, it is th
The Bank of Korea should keep raising interest rates after its first hike in more than three years, as strong growth and persistent inflation outweigh recent stabilization in the won and stock market, a senior central bank official said Tuesday. "Looking ahead, growth is expected to remain solid on the back of unprecedented income growth, while underlying inflationary pressures persist and financial stability risks could increase," BOK Senior Deputy Gov. Ryoo Sang-dai said at a press conference
Coway on Friday reported sales of 1.44 trillion won ($1.02 billion) and operating profit of 253.2 billion won in the second quarter, setting a new record for half-year earnings on the back of strong demand for its premium home appliance lineup, accelerating rental account growth and solid performances across its overseas markets. For the first half of 2026, the Korean home appliance maker's revenue increased 13.9 percent from the same period last year to 2.77 trillion won, while operating profit
By Marewa Glover Every year, smoking kills more than 68,000 South Koreans. Yet instead of making it easier for people to move away from cigarettes, South Korean policy continues to make that transition harder. It taxes some safer nicotine products more heavily than cigarettes, tells people who smoke that all nicotine products are equally harmful and regulates lower-risk alternatives as though they were combustible tobacco. The result is predictable: progress against smoking has stalled. A new re
The National Pension Service rode the Kospi above 9,000 to record returns. Its decision not to rebalance aggressively during the rally, however, is now under scrutiny for potentially amplifying the market’s violent reversal. The world’s third-largest pension fund posted a 26.18 percent return through May, surpassing its previous full-year record of 18.82 percent in just five months. Assets under management jumped by more than 340 trillion won from the end of last year to a record 1,848.7 trillio
South Korea’s plan to shorten its stock settlement cycle to T+1 is drawing warnings from global investment banks, which say the proposed eight- to nine-month preparation period is too short for an overhaul that typically requires at least 18 months. T+1 requires stock trades to be settled one business day after execution, compared with Korea’s current T+2 system. The Financial Services Commission is consulting foreign investment banks on issues including foreign exchange transactions, settlement
Hana Financial Group deployed more than 1.86 trillion won ($1.3 billion), or 60 percent, of its annual inclusive finance target in the first half as it stepped up support for young people, small businesses and vulnerable borrowers. The group set a 3.1 trillion won target for 2026 under an inclusive finance roadmap unveiled in May. To strengthen oversight of the initiative, it appointed Vice Chairman Lee Seung-lyul, who oversees sustainable growth and inclusive finance, as chief inclusive finance
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Aug. 11, 2026![[Contribution] Why South Korea is losing the struggle against smoking](https://wimg.heraldcorp.com/news/cms/2026/08/11/news-p.v1.20260808.765a9fa31d8e418297295d74acdc0b06_T1.png?type=h&h=240)
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