| Mobile Web

All articles List

Finance

FSC urges securities sector to restore core functions, discusses expanding risk capital supply

South Korea’s Financial Services Commission held a consultative body meeting with comprehensive investment finance companies, SME-focused brokerages and policy lenders to discuss ways to strengthen risk-capital supply, improve related rules and support exit markets. The FSC said seven firms with risk-capital obligations supplied 99 trillion won in the first quarter, up 20 trillion won from the previous quarter. It also outlined plans to expand SME-focused brokerage designations, incentives and evaluation rules, build an intermediation platform and step up oversight of leverage investment risks.

AI & Enterprise

SoftBank surges 16.5% as AI rally spreads to Japan stocks

SoftBank Group shares surged 16.5% on Wednesday as buying swept across Japanese technology stocks, pushing the Nikkei 225 to a record high. Japan’s market, reopening after holidays, moved higher in semiconductor and AI-linked names. Advantest gained about 7.8%, Tokyo Electron rose 9.2% and Renesas Electronics jumped 13.8%. The move followed a U.S. AI-led rally, with the Nasdaq at a record and AMD, Arm and Super Micro Computer sharply higher.

Games & Commerce

Nexthrus posts 11.6 billion won Q1 revenue, up 76 percent, driven by games, AI and blockchain

Nexthrus posted first-quarter revenue of 11.6 billion won, up 76 percent from a year earlier, helped by global traction in its core games business and expansion in AI and blockchain. Operating profit was 132 million won, down 47.6 percent year on year. Net loss totaled 3.04 billion won due to purchases of assets such as bitcoin. The company plans to expand its game lineup and upgrade its Kross mainnet 2.0 on June 1.