stable

Hanmi outlines low to mid-single-digit 2026 loan growth while targeting stable net interest margin (NASDAQ:HAFC)

Earnings Call Insights: Hanmi Financial Corporation (HAFC) Q2 2026

Management View

  • “Hanmi delivered another quarter of a strong financial performance, driven by solid earnings growth, expanding customer relationships, disciplined execution and excellent credit quality.” (President, CEO & Director Bonita Lee)

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Seoul says cooperation with NATO aimed at global peace, seeks stable relations with Russia

South Korean President Lee Jae Myung (2-L) participates in a panel at the NATO Defense Industry Forum in Ankara, Turkey, on July 7. File Photo by Yonhap

South Korea’s proposed cooperation with the North Atlantic Treaty Organization (NATO) is aimed at enhancing their own respective contributions to global peace and stability, Seoul’s foreign ministry said Tuesday, in its first response to recent concerns by Russia over what it described as growing military cooperation between Seoul and NATO.

“Cooperation between South Korea and NATO is aimed at strengthening each side’s capabilities across various sectors, including defense industry, new technologies and cybersecurity, so as to reinforce each side’s role and contribution to international peace and stability,” the ministry told Yonhap News Agency in a written statement.

“In addition, our government continues to hold necessary communication with the Russian side to stably manage South Korea-Russia relations and protect our people and companies,” it added.

Russia’s foreign ministry has expressed displeasure over Seoul’s deepening military cooperation with NATO, according to Russia’s Tass news agency.

“The Russian side expressed serious concern over Seoul’s growing drift toward NATO, as demonstrated, among other things, by the Republic of Korea’s practical steps to deepen military and military-technical cooperation with NATO, the consequences of which pose a threat to Russia’s security,” the ministry said in a statement Thursday.

Moscow further argued that Seoul’s growing cooperation with NATO made it a “de facto participant in NATO’s qualitative and quantitative rearmament process, as the alliance has openly declared its preparations for war with Russia.”

The Russian statement came after South Korean President Lee Jae Myung attended the NATO summit in Ankara earlier this month as one of the alliance’s four Asia-Pacific partners, marking his first appearance at NATO’s annual top-level gathering.

At a NATO summit defense industry forum, Lee proposed elevating South Korea-NATO defense cooperation to a “Korea-NATO Defense Industry Partnership 2.0″ to expand cooperation beyond weapons system transactions to joint research, production and operation in the defense sector.

“Our government is pushing for cooperation with various countries and international organizations, including NATO, under its principle of pursuing practical diplomacy centered on national interests,” the foreign ministry said.

Still, it added, “The country will continue to closely work with the international community while closely monitoring the related developments, as the prolonged Russia-Ukraine war and the military cooperation between North Korea and Russia are issues that have a negative effect on international peace and security on the Korean Peninsula and the region.”

Pyongyang and Moscow have repeatedly and publicly reaffirmed their commitment to strengthening their bilateral cooperation since signing a comprehensive strategic partnership treaty two years ago.

North Korea has also sent around 15,000 combat troops and conventional weapons to Russia to support Moscow’s war against Ukraine, Seoul’s spy agency has said.

Copyright (c) Yonhap News Agency prohibits its content from being redistributed or reprinted without consent, and forbids the content from being learned and used by artificial intelligence systems.

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Officials ‘confident’ buckling New York City high-rise is stable

July 8 (UPI) — New York City officials believe they have stabilized a high-rise apartment building Wednesday in Midtown Manhattan after it began to buckle a day earlier.

Construction workers have added temporary support to the structure to prevent it from collapsing. However, the building, and three more in the area, remain under evacuation orders.

Construction crews continue to work on the high-rise structure Wednesday. It is a former office building that served as the headquarters for Pfizer and is being converted into luxury apartments.

The 37-floor building was evacuated Tuesday when construction workers noticed signs that it may collapse, such as multiple floors caving in and bricks falling from its facade.

At least two support columns in the building were observed to be buckling Tuesday, causing upper floors to sag. No injuries were reported.

“I can say right now the building is stable,” said Ahmed Tigani, New York City building commissioner. “We feel confident in the emergency plan we have now.”

The area of East 42nd and 43rd streets between Second and Third avenues remain closed to traffic.

New York City Mayor Zohran Mamdani said city officials continue to “prioritize the safety of all that immediate area.” He added that the situation will be investigated.

Mamdani said work Wednesday focused on installing shoring and support beams on the 17th through 24th floors.

“They’re going to be working through the day to get all the way up to the roof and all the way down to floor nine,” Mamdani said.

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