Ten South Korean financial holding companies reported a record combined net profit of 17.6 trillion won, or about $13.1 billion, for January through June. Preliminary Financial Supervisory Service data showed a 13.7% increase from a year earlier.
Banking operations accounted for 47.1% of the groups’ combined earnings. Financial investment returns made up 24.9%, and insurance businesses contributed 12.3%. The Financial Supervisory Service described its figures as preliminary. The 10 firms include KB Financial Group, Shinhan Financial Group, Nonghyup Financial Group, Hana Financial Group and Woori Financial Group.
The companies’ combined assets stood at 4,391.4 trillion won at the end of June, an increase of 323.6 trillion won, or 8%, from a year earlier. Their combined number of financial affiliates grew to 355 from 342 six months before.
The nonperforming loan ratio rose to 1.03%, up 0.08 percentage point over six months. The loan-loss reserve ratio moved in the opposite direction, falling to 96.5% from 106.8%. The figures cover the first half of 2026.