Shinhan posts record Q1 profit on brokerage boost

Shinhan Financial Group on Thursday reported record first-quarter net profit of 1.62 trillion won ($1.1 billion), as stronger brokerage earnings boosted non-interest income. Net profit rose 9 percent from a year earlier, marking the group’s highest quarterly result and surpassing its previous peak of 1.59 trillion won in the third quarter of 2022. The gain was driven in part by Shinhan Securities, whose net profit jumped 167 percent to 288.4 billion won, supported by stronger equity markets. Gro

By The Korea Herald