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Finance
KakaoPay targets expansion across brokerage, payments and AI after first full-year profit
KakaoPay plans a broad expansion across retail, investment banking, AI, payments and digital assets after posting its first full-year profit. The company reported 50.4 billion won in operating profit and 55.7 billion won in net profit for 2025. KakaoPay Securities will focus on retail and IB growth and participation in the KDX consortium. KakaoPay will link AI services with KakaoTalk and target payment growth, while treating stablecoins as a longer-term initiative.
Industry
K-battery big three look to ESS to offset EV losses
South Korea’s three main battery makers are accelerating a shift toward energy storage systems (ESS) to help offset weak electric-vehicle demand this year. Analysts expect LG Energy Solution’s ESS revenue to surge, while Samsung SDI is seen securing large orders and converting North American lines to ESS output. SK On is restructuring to enable ESS supply and adding safety technology. AI data centre power demand is seen boosting U.S. ESS needs, though fixed-cost burdens and tariff uncertainty remain risks.
Games & Commerce
CJ CheilJedang pushes K-food into new territories in overhaul bid
CJ CheilJedang, South Korea's largest food company, declared a high-intensity overhaul after its operating profit fell more than 20 percent last year. Chief Executive Yoon Seok-hwan outlined steps to optimise its business structure, fundamentally improve its finances and rebuild corporate culture. The company plans to invest in global strategic products to expand K-food abroad, shifting focus from a weak domestic market to fast-growing overseas businesses. Overseas food sales hit a record 59.247 trillion won last year, surpassing domestic sales.
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AI & Enterprise
Cisco unveils new networking chip, liquid-cooled switch aimed at AI
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AI & Enterprise
AI cuts workload? Office worker burnout rises instead, study finds
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AI & Enterprise
Cadence unveils ChipStack AI super agent stack for semiconductor design
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AI & Enterprise
Keycard to acquire Anchor, expand AI agent ID security into unified management platform
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AI & Enterprise
ITCEN ENTEC signs supply deal with GJTEC for accountability structure management system in finance sector
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AI & Enterprise
Security Platform releases lightweight post-quantum cryptography technology as open source
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AI & Enterprise
Younglimwon SoftLab, Inha Technical College team up to strengthen practical ERP training
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AI & Enterprise
Sophos to buy UK security firm Arco Cyber, aims to fill CISO gaps with AI
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Crypto
Ripple expands institutional custody, integrating staking and security
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Crypto
Ledger integrates OKX DEX, adds direct token swaps in wallet app
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AI & Enterprise
Tem raises $75 million to expand AI-based electricity trading platform
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AI & Enterprise
YouTube introduces AI playlist creation feature for premium users
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AI & Enterprise
Former GitHub CEO raises $60 million seed funding, enters AI development tools market
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AI & Enterprise
Runway raises $315 million to speed world model development
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AI & Enterprise
Alibaba launches RynnBrain AI model for robots, expands into physical AI