Most Popular
-
1
1 in 3 Koreans live alone, family types becoming diverse
-
2
Korea, Japan finance chiefs vow to tame rampant FX market volatility
-
3
K-pop singer lost consciousness after being hit by foul ball, cancels show
-
4
K-pop group's manager dismissed for setting up spycam in theater dressing room
-
5
Contentious grain bill put directly to plenary meeting for vote
-
6
Korean Muslim YouTuber's plan to build mosque in Incheon goes viral
-
7
Why is Apple Pay struggling to get purchase in Korea?
-
8
Yoon's office denies considering liberal figures for key posts
-
9
Trilateral talks acknowledge ‘serious’ slumps of won, yen
-
10
[Today’s K-pop] BTS pop-up event to come to Seoul
![[Today’s K-pop] BTS pop-up event to come to Seoul](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/17/20240417050734_0.jpg&u=)
![[Today’s K-pop] BTS pop-up event to come to Seoul](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/17/20240417050734_0.jpg&u=)
Woori Bank, a South Korean lender, said Wednesday it has posted a 29-percent on-year decline in net profit for the fourth quarter due to increased one-off costs.
Net profit fell to 155.4 billion won ($135 million) in the October-December period on a consolidated basis, compared to 219.2 billion won a year earlier, the lender said in a statement.
The net result was affected by severance payments worth 86 billion won and bonuses valued at 84 billion won in the last quarter, it said.
Still, the bank said its net profit rose 19.1 percent year-on-year to 1.26 trillion won for all of 2016 helped by increased interest earnings and decreased loan-loss provisions.
The bank said its interest income came to 5.01 trillion in 2016, up 5.4 percent from a year earlier.
Shares in Woori Bank remained unchanged at 13,600 won on the Seoul bourse. The main KOSPI index fell 0.49 percent. (Yonhap)
![[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2024/04/18/20240418050645_0.jpg&u=20240419100350)
![[Today’s K-pop] Zico drops snippet of collaboration with Jennie](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=642&simg=/content/image/2024/04/18/20240418050702_0.jpg&u=)