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Finance
Top 5 financial groups to supply 1 trillion won in risk capital to boost venture investment
South Korea’s Financial Services Commission and Ministry of SMEs and Startups, together with the country’s five largest financial holding groups, began a shift toward “productive finance” to support ventures and startups. The parties signed an agreement in Seoul to expand private-sector risk capital and strengthen support systems from investment and guarantees to nurturing. The five groups plan to create a private venture fund-of-funds worth 800 billion won by 2029 and provide guarantees and mentoring for early-stage startups.
Telecommunications & Media
LGU+ to cancel 5.4 million treasury shares, steps up value-up plan
LG Uplus will cancel about 5.4 million treasury shares it bought last year, accelerating its shareholder value “value-up plan.” The company disclosed on April 30 that it will cancel treasury shares with a book value of about 80 billion won on May 15. The cancellation covers all of the roughly 5.4 million shares it had repurchased since last year, equal to 1.26 percent of shares outstanding.
Mobility
Socar to set up autonomous driving unit led by CEO Park Jae-wook
Socar will set up an independent company dedicated to autonomous driving services in May, the firm said on Wednesday. It will spin off a unit aimed at commercialising autonomous driving based on its car-sharing platform capabilities, with an investment size of 150 billion won. CEO Park Jae-wook, who has led the new autonomous driving business since January, will also serve as head of the new entity. Krafton will join as a strategic investor.
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Finance
Jeju Bank services to be available at post offices nationwide from May
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Industry
L&F posts 118.9 billion won Q1 operating profit, returns to profit
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Games & Commerce
Pearl Abyss sells entire stake in CCP
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Games & Commerce
Krafton says quarterly results hit record high as PUBG IP sales top 1 trillion won
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Finance
K-Bank posts 33.2 billion won Q1 net profit on corporate loan growth
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Reviews
New book recounts 1,100 days by former Kookbang Ilbo deputy editor
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AI & Enterprise
Multi-hybrid cloud model spreading in AI era, Dell Technologies report says
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Industry
Samsung Electronics says all HBM capacity sold out, sees 2026 sales tripling
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AI & Enterprise
CJ ENM unveils AI feature film 'Apartment', says AI is next after CG
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Industry
Samsung Electronics sees NAND, foundry join AI-driven profit engines
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Industry
Samsung MX hit by surging memory prices; costs to rise further in Q2
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AI & Enterprise
Tech Insight: AI attacks vs defence, defence likely to prevail in long run
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Finance
BNK Financial Q1 net profit rises 26.9% to 211.4 billion won
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Games & Commerce
Smilegate opens 60-acre cat theme park 'Dolkoriforest' in Jeju
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Games & Commerce
SOOP Q1 operating profit 21.2 billion won down 24.1 percent