General

K-Bank’s Q2 net jumps over twofold on noninterest income

South Korea’s internet-only lender K-Bank said Tuesday its net profit more than doubled from a year earlier in the second quarter on a sharp increase in both interest and noninterest income.

In the three months ended June 30, the bank’s net income c…

Power demand hits all-time high amid scorching heat

South Korea’s electricity demand hit an all-time high Monday as the country was struck by scorching summer heat, data showed Tuesday.

The country’s maximum power demand reached 102.327 gigawatts between 2-3 p.m. Monday, surpassing the previous recor…