KB, Shinhan, Hana, Woori face mounting headwinds despite solid profits
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Korea’s four major financial holding companies are on track to deliver another record-breaking performance in the first half of the year, driven by robust interest income and a booming domestic stock market, industry officials said Thursday. However, the outlook for the remainder of the year is expected to be less upbeat as a persistently weak Korean won, the prospect of interest rate hikes by the Bank of Korea and tighter regulatory pressure weigh on profitability. The combined net profit of KB
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