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Games & Commerce

Q1 breaks seasonal slowdown but polarisation widens in South Korea game industry

Major South Korean game companies posted sharply diverging first-quarter results despite the sector’s traditional seasonal slowdown. Larger firms with globally successful intellectual property reported record quarterly sales and profit, while companies facing gaps in new releases or weak early demand remained in the red or saw profitability deteriorate. Nexon, Krafton, NCSoft and Pearl Abyss posted strong gains. Kakao Games and Devsisters reported operating losses, and Webzen saw declines.

Finance

Banks ramp up gathering account race as services evolve into AI treasurers

South Korean banks are intensifying competition in gathering accounts, led by KakaoBank and followed by commercial banks and savings banks seeking control of everyday finance platforms. New products combine dues management with higher interest, scheduling and AI features. Hana Bank launched a structure separating transaction and vault balances with up to 2.5 percent interest. KakaoBank leads with 12.9 million users and 11.6 trillion won in balances.

AI & Enterprise

Tech Inside: Sci-fi turns real as ambitious space AI data centre plans take shape

Big Tech companies are accelerating efforts to use solar energy from space satellites for AI computing on Earth. Elon Musk has refocused SpaceX strategy on operating AI data centres in orbit, while Blue Origin is stressing a similar vision. Google is in talks with SpaceX and others on Project SunCatcher to build an orbital AI cloud using solar-powered satellites with TPUs. Reports cite obstacles including radiation, costs, cooling and data links.