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Finance

RIA account launch draws funds in first week as big firms dominate, raising concerns for smaller brokerages

South Korea’s repatriation investment account (RIA) is attracting funds a week after launch, with sharp differences emerging between large and smaller brokerages. Korea Investment & Securities topped 10,000 subscribers in three trading days, while Samsung Securities reported more than 4,000 accounts and 30 billion won in balances. The product offers temporary tax breaks on gains from overseas stock sales if proceeds are converted to won and reinvested domestically for at least a year.

Games & Commerce

Quick commerce battle expands from delivery apps to hypermarkets and SSM

Competition in South Korea's quick commerce market is widening beyond delivery apps as e-commerce companies and corporate supermarkets (SSM) join the fray, industry sources said. With delivery times shrinking to around an hour, firms with dense urban store networks are gaining an advantage by using existing outlets as logistics hubs. The market is projected to grow from about 1.2 trillion won last year to about 5.9 trillion won by 2030, the report said.

AI & Enterprise

Anthropic seen posting $18 billion revenue in 2026 with $14 billion EBITDA loss

Venture capital firm Coatue, which led Anthropic’s $30 billion investment round completed in February, presented potential investors in January with materials assessing the company’s valuation, Newcomer reported. The slide deck estimated Anthropic would post $18 billion in revenue in 2026 and a $14 billion loss on an EBITDA basis. It projected a $30 billion annualised revenue run-rate by end-2026 and outlined larger revenue, profit and valuation forecasts for 2031.