Shinhan Financial Reports Record First-Half Profit

Shinhan Investment Corp reported a first-half net profit of 577.7 billion won, up 123.1% year on year, powered by higher trading volume and stronger fee income, though second-quarter profit was only slightly higher than the previous quarter. Shinhan Financial Group posted a record quarterly net profit of 1.82 trillion won in Q2, lifting first-half earnings to 3.44 trillion won and signaling a potential move into the “5 trillion won club” as non-interest income and capital markets performance drive growth. Non-interest income accounted for a larger share of group profits as buoyant stock markets boosted earnings from brokerage and asset management, with the non-banking segment reaching an all-time high. Shinhan Life’s first-half net profit fell 15.6% to 290.6 billion won, but improvements in the Contractual Service Margin and capital adequacy, along with stronger APE in savings and annuity products, supported the group’s long-term profitability outlook. The group also signaled a robust shareholder return plan exceeding 2.8 trillion won for the full year, reflecting confidence in continued strength in brokerage, asset management, and other capital-market-driven activities. Overall, Shinhan’s results underscore a strong performance in its capital markets and non-banking units, even as some insurance segments face margin pressures and market conditions remain uncertain.