firsthalf

SEOUL, July 27 (UPI) — South Korea’s Hana Financial Group said Friday it posted record earnings for the first half of this year, driven by its banking and brokerage businesses.

The Seoul-based financial conglomerate noted its net profit amounted to $1.6 billion during the first six months of 2026, up 4.4% from a year earlier. Its flagship subsidiary, Hana Bank, made the largest contribution, with a bottom line of $1.45 billion.

Non-banking affiliates also delivered robust results. Hana Securities, one of the country’s major brokerages, more than doubled its net income to $186 million year-on-year during the January-June period.

During the third quarter, Hana Financial said it would spend $171 million on share buybacks and cancellations, bringing the annual total to $478 million. It also plans to increase 2026 dividends payments by 26.5% from a year ago.

The company expects overall cash dividends for this year to reach $820 million, up more than 10% from 2025.

Hana Financial CFO Park Jong-moo said that the group would raise its target for return on equity, or ROE, to 12% from the previous goal of 10%. The group’s ROE stood at 10.62% in the first half.

ROE measures how efficiently a company generates profit from the shareholders’ equity. In other words, Hana Financial aims to earn 12 cents of yearly net profit for every dollar of shareholders’ equity.

“We will create a virtuous cycle in which higher ROE leads to greater shareholder returns and enhanced corporate value,” Park told an earnings call. “We have raised our ROE target to 12% and set our shareholder payout ratio at 50% or higher.”

Hana Financial shares rose 1.46% on the Seoul bourse Friday before falling 1.36% Monday.

Lukas MacNaughton and Marcel Hartel scored four minutes apart late in the first half to break open St. Louis City’s 3-1 victory over the Galaxy on Wednesday night.

Simon Becher scored in the second half after Galaxy defender Emiro Garcés was sent off in the 49th minute with his second yellow card, and St. Louis cruised to its third straight win.

St. Louis, which is unbeaten in six straight since early May, also leapfrogged the Galaxy into the Western Conference’s playoff positions with this victory.

Troy Elgersma scored his first MLS goal in the 86th minute for the Galaxy, who have lost two home matches by a combined 6-1 since selling top goal-scorer Gabriel Pec to Brazil’s Cruzeiro for a club-record fee of at least $12 million during the World Cup break. Pec had 43 goals and 28 assists across 101 matches for the Galaxy.

MacNaughton opened the scoring in the 42nd minute when he glided through the box and headed Hartel’s corner in off the Galaxy’s back post.

With Galaxy captain Marco Reus down behind the play after a St. Louis player stepped on his foot in the first minute of stoppage time, Hartel dribbled outside the penalty area and looped in a shot that froze goalkeeper JT Marcinkowski, who made eight saves. The teams exchanged shoves after the goal, with Reus and Garcés receiving yellow cards.

Garcés was sent off shortly after the break for kicking the ball away after a foul.

Becher sneaked behind L.A.’s back line and chipped home on the counter in the 68th minute.

Elgersma, a 22-year-old midfielder who starred at Redlands High, entered his second MLS match as a late substitute and ruined Roman Bürki’s clean sheet.

Harbor Miller started in Pec’s place on LA’s front line for the Galaxy, whose fans chanted “We want better!” in the second half. The Galaxy are awaiting the arrival of Kyōgo Furuhashi after acquiring the Japanese striker from Birmingham City on Tuesday.

João Klauss, the longtime St. Louis forward acquired by the Galaxy in January, has been out since undergoing foot surgery in April.