Big Korean Banks Make a Lot of Money
Introduction
Two big banks, KB and Shinhan, made a lot of money in the first three months of the year. Now they want to give some of this money back to the people who own the banks.
Main Body
KB Financial Group made 1.89 trillion won. This is more money than people expected. KB made money from many different businesses, not just banking. KB will buy back and destroy some of its own shares. This makes the remaining shares more valuable. Shinhan Financial Group also made a lot of money. They made 1.62 trillion won. This is their best result ever. Shinhan Bank made more money from loans to companies. Shinhan has a new plan to pay money to its owners. They will pay more if the bank grows. Both banks have a lot of safe money in their accounts.
Conclusion
These big banks are making record profits. They are using new plans to give more money to their owners. This helps the banks stay strong for a long time.