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Games & Commerce
Wemade Max Q2 operating loss 15.4 billion won narrows
Wemade Max reported second-quarter revenue of 33.7 billion won, an operating loss of 15.4 billion won and a net loss of 14.4 billion won, it said on Tuesday. Revenue rose 2.1 percent from a year earlier and 3.1 percent from the previous quarter. The operating loss narrowed 7.6 percent year on year. First-half revenue totalled 66.4 billion won, while the net loss was 25.5 billion won.
AI & Enterprise
South Korea to launch seven SEED projects to foster SMRs, quantum and space
South Korea will 추진 a “seven SEED projects” initiative to nurture future growth engines including small modular reactors, nuclear fusion, quantum and space and aviation, following its three mega projects in semiconductors, physical AI and AI data centres. The plan targets preemptive 확보 of advanced technologies over the next 10 to 20 years, with goals around 2030 to 2035. It groups projects into clean energy, next-generation frontier and advanced supply chains, and includes 10 trillion won for supply-chain R&D by 2030.
Games & Commerce
Wemade Q2 operating loss 21 billion won narrows from year earlier
Wemade posted an operating loss in the second quarter as mobile game sales fell and a one-off revenue base effect from the previous quarter weighed on results. The company said it reduced the year-on-year loss through cost efficiency. Second-quarter revenue fell 29 percent from the previous quarter and 7 percent from a year earlier. Wemade plans to expand new game launches, including Night Crows W, to drive a performance rebound.
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Finance
Exchange makes first application of tougher delisting rules; 36 low-priced and low market cap stocks flagged
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Finance
South Korea's FSC builds consensus on phased rollout of scraping blocking, seeks public MyData alternative
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Industry
S Korea science ministry checks preparations for Ulchi exercise with 32,000 participants
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Games & Commerce
Com2uS Holdings posts 5.3 billion won Q2 operating loss; net profit returns to black
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Crypto
SEC, CFTC sue Goliath Ventures over $400 million crypto Ponzi allegations
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Crypto
Harmony ONE supply surges amid exploit allegations, rollback under review
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Finance
Meritz Securities first-half operating profit rises 11.8 percent to 501.3 billion won
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People
Hanwha chairman Kim Seung-yeon gifts summer health meals to all staff, funded by 3 billion won personal money
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AI & Enterprise
Baek Kyung-hoon meets Kazakh minister to discuss AI and science cooperation
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Finance
Foreign buying of 2.8 trillion won lifts KOSPI 3.68 percent, triggers buy sidecar
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AI & Enterprise
AI shift success now about leadership, not technology
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Industry
Tesla to build $10.12 billion solar cell plant in Texas, hire 9,712 in major investment
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Telecommunications & Media
Outlook splits over Apple 20th anniversary iPhone 'all-glass' design and possible launch next year
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AI & Enterprise
Alibaba cuts AI data centre build time to 100 days with modular Cube 5.0
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Crypto
Kazakhstan to exempt personal crypto trading gains from income tax for 3 years