Korean houses profit dip, structured products take a hit – part 2

Shinhan Investment At Shinhan Investment, net profit declined 41.4% to KRW189.1 billion (US$131.3m) in H1 22 year-on-year (YoY) as a 107.7% growth of investment banking (IB) revenues was offset by a 40.2% decline of brokerage fees. Financial product fees dropped seven percent to KRW39.9 billion YoY. The decline was mild compared with local peers such as Samsung Securities and KB Securities which saw a 27% and 15.8% decline, respectively. As at 30 June, the securities arm of Shinhan Financial