Woori Financial Group Inc. said Thursday its second-quarter net profit jumped, thanks to a sharp increase in noninterest income.The financial holding firm's net profit came to 931.4 billion won (US$672.3 million) in the April-June period, up 49 percent from the same period last year, it said in a regulatory filing.Its operating profit rose 10.5 percent on-year to 2.73 trillion won.The financial group said its interest income came to 2.19 trillion won in the three months ended June 30, up 0.1 percent from a year earlier, while its noninterest income spiked 91.7 percent to 535 billion won over the cited period.The group attributed the sharp increase in noninterest income to a "successful expansion of its corporate and investment banking business," as well as a rise in returns on stock investment due to a drop in interest rates.Woori Bank's net interest margin, the difference between interest received and paid, reached 1.47 percent in the second quarter, down from 1.59 percent a year earlier.In the f irst half of the year, Woori Financial posted a net profit of 1.75 trillion won, compared with a net profit of 1.54 trillion won in the same period last year.Its operating income came to 5.28 trillion won in the January-June period, up from 5.02 trillion won a year earlier.Source: Yonhap News Agency

Recent Posts
U.S. Arms Sales to Taiwan Face Potential Delays Amid U.S.-China Talks
September 29, 2026
Aerospace Firm Participates in Counter-Drone Drill at Taiwanese Prison
September 29, 2026
KMT Proposes Doubling Cash Handout to NT$20,000
September 29, 2026
U.S. Exhibits Goodwill Over Delayed F-16V Delivery to Taiwan
September 29, 2026
Taiwan’s Legislative Yuan Rejects All Control Yuan Nominees
September 29, 2026
Taiwan Grabs Two Silver Medals in Shooting and Kurash at Asian Games
September 29, 2026
U.S. Dollar Strengthens Against Taiwan Dollar in Taipei Forex Market
September 29, 2026
Taiwan’s Consumer Confidence Reaches 18-Month High in September
September 29, 2026
U.S. Dollar Sees Slight Increase in Taipei Trading
September 29, 2026
Five Win NT$10 Million in Taiwan’s Uniform Invoice Lottery
September 29, 2026