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Woori falls behind NongHyup as brokerage gap widens
April 28, 2026
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Woori Financial Group was overtaken by NongHyup Financial Group in first-quarter earnings, a rare shift that highlights the growing importance of nonbanking income, as a stock market rally boosts brokerage profits. Industry data released Tuesday showed NongHyup Financial posted 868.8 billion won (589 million) in net profit for the January-March period, up 21.7 percent from a year earlier, surpassing Woori Financial’s 603.8 billion won.
Woori, which has typically ranked fourth among Korea’s majo
The korea Herald News
Coverage and analysis from South Korea. All insights are generated by our AI narrative analysis engine.
South Korea
Bias: center
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