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Finance
iM Financial first-half net profit 295.6 billion won down 4.4 percent
iM Financial Group posted 295.6 billion won in net profit attributable to controlling shareholders in the first half of this year, down 4.4 percent from a year earlier. Total operating profit rose 4.4 percent to 1.11 trillion won, supported by growth in corporate lending at iM Bank and operating assets at iM Capital. Net profit fell due to a change in the education tax rate and higher provisioning.
Mobility
China and Thailand lead EV war as Japan and U.S. lag, analysis says
China and Thailand are moving ahead in reshaping the global auto industry by using domestic electric vehicle rollout policies to build export competitiveness, an analysis said. The key is the pace of electrification at home rather than export results alone. China’s plans target a sharp rise in new energy vehicles on its roads, supporting scale, learning effects and supply chains. Thailand is adjusting incentives toward export compensation as it becomes an EV export base.
AI & Enterprise
AI chatbots spark 'emotional cheating' debate as users share relationship worries
Cases are increasing in which AI chatbots effectively act as a third party in dating and marriages, as more users seek emotional counselling and relationship advice from AI. Surveys show young adults using chatbots for support and sharing secrets they have not told people. Experts warn chatbots’ tendency to agree can reduce accountability and weaken skills needed to sustain relationships. Some partners may perceive such use as betrayal, though some users say AI can help prepare for difficult conversations.
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AI & Enterprise
OpenAI and Anthropic join calls to curb Chinese AI, raising questions over who benefits
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Telecommunications & Media
Apple may unveil first water-resistant iPad, next iPad mini set for October overhaul
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Crypto
Flare CEO says major XRPFi expansion over next six months to attract 5 billion XRP
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Industry
Nvidia RTX graphics cards may rise again as memory price hike rumours rattle PC industry
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Crypto
Michael Saylor says 'it needs another color' as Strategy hints at resuming bitcoin buying
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Industry
Nvidia steps up next-generation chip design with in-house Vera CPU
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Games & Commerce
Nexon hosts university game jam to train talent for the AI era
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Finance
KOSPI rebounds 1 percent, recovers 6,750 despite foreigners' 2.885 trillion won net selling
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Finance
Small business credit scores to factor in sales, trading areas; 16 banks to apply 2.2 trillion won
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Industry
LG Innotek Q2 operating profit jumps 2,057 percent
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Industry
SKC Q2 operating loss of 14.4 billion won narrows 79 percent year-on-year
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Finance
Sh Suhyup Bank posts 70 trillion won in assets in first half, 203.4 billion won pre-tax profit
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Finance
Shinhan Bank to offer additional SOL Mate time deposit up to 3.5 percent
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AI & Enterprise
Hitachi Vantara's U.S. Norman manufacturing site named WEF Lighthouse factory
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AI & Enterprise
Three South Korean AI startups target global AI market using Oracle Cloud