Seven major South Korean banks have posted an average 16% drop in first-half earnings as provisions increase in troubled shipbuilding and shipping markets.
Government data cited by the Yonhap news agency showed the combined net profit of the group was $3.11bn to 30 June.
NongHyup Financial Group posted a loss of KRW 138.5bn ($126m), against KRW 410.4bn of profit a year ago.
Non-performing
