Buffett Delays Gates Foundation Donation Pending Epstein Ties Review 
Australia Sues Amazon Over Prime Video Ads and Subscription Terms 
Gold Prices Drop as Fed Rate Outlook and Iran Tensions Weigh on Market 
Argentina Economy Shrinks 1.5% in April, Recovery Under Milei Loses Momentum 
Global Financial Firms Shift Asia Expansion Focus to South Korea as China, India Face Caution 
Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply 
Open-Source AI Models Gain Ground as Enterprises Seek Lower-Cost Alternatives, Citi Says 
Europe Heatwave Creates Growth Opportunity for Carrier, Trane, and Johnson Controls, Citi Says 
Wall Street Futures Rise Ahead of JOLTS Data, Nike Earnings, and U.S.-Iran Talks 
U.S. Stocks End Q2 Higher as Strong Jobs Data and AI Rally Lift Wall Street 
Asian Currencies Slip as Dollar Holds Firm, Yen Near Four-Decade Low Ahead of Fed, Jobs Data 
Trump Suspends Some Morocco Fertilizer Tariffs to Ease U.S. Supply Shortage 
Oil Prices Rise as U.S.-Iran Talks Keep Geopolitical Risks in Focus 
Morgan Stanley Raises Tesla Q2 Delivery Forecast on Strong Europe and China Demand 
Asian Stocks Mixed as South Korea Slides on Profit-Taking, Japan and China Gain on Strong Factory Data 
SoftBank Shares Slide as OpenAI IPO Delay Concerns Weigh on AI Investment Outlook 
US Stock Futures Steady as Investors Await Payrolls Data and Monitor Iran Tensions 
The net profit of 35 foreign bank branches in South Korea dropped 4.5 percent to 1.15 trillion won in the fiscal year of 2021, down 53.5 billion won from a year earlier due to an increase in securities-linked losses amid market downswings.
According to statistics from the Financial Supervisory Service, these branches either closed their books for the fiscal year 2021 in September last year or in March this year (FSS).
Data from the Financial Supervisory Service shows that these branches either closed their books for the fiscal year 2021 in September of last year or in March of this year (FSS).
According to the FSS, the drop happened despite a rise in interest income due to high borrowing costs, which was offset by an increase in securities-related losses and a decline in revenue from other non-interest categories like as transaction fees, currency, and derivative trading.
The decrease occurred despite an increase in interest income due to high borrowing costs, which was countered by an increase in securities-related losses and decreased revenue from other non-interest categories such as transaction fees, forex, and derivative trading, according to the FSS.
Because of the high market rates, their interest earnings remained robust. The profit was 1.86 trillion won, up 19.5 percent from the previous year, according to the figures.
Concerns about monetary tightening in key nations and rising currency market volatility have prompted the FSS to step up its surveillance of those foreign bank branches' risk management capabilities.
