Insurance firms' H1 net jumps 13 pct on rise in investment returns

South Korean insurance companies reported a 13 percent increase in net profit for the first half of the year, driven primarily by improved investment returns. Simultaneously, the nation's credit card firms experienced a profit growth of over 5 percent during the same period, attributed to an increase in commission income.

These financial results highlight a period of growth for South Korea's non-banking financial sectors. While insurance firms benefited from favorable investment performance, card companies saw their gains supported by operational revenue streams.