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AI & Enterprise

Could SpaceX-Tesla merger gain momentum? Shareholder vote and China regulation are wildcards

CNBC reported on Oct. 23 that Wall Street attention is focusing on a potential merger of SpaceX and Tesla after Elon Musk publicly backed the idea. Special committees have been formed at both companies to review a transaction. Some analysts are sceptical, citing governance differences and limited strategic benefits. Musk highlighted the high approval threshold at Tesla. Potential regulatory hurdles and China-related scrutiny were also flagged as key variables.

Finance

Woori Bank shakes off first-half slump, posts record third-quarter net profit

Woori Bank rebounded from weak first-half results, posting a record quarterly net profit of 1.03 trillion won in the third quarter, up 22 percent from the previous quarter. Nine-month net profit rose 4.7 percent from a year earlier to 2.40 trillion won. Higher interest income from expanded corporate lending, stronger non-interest income and lower loan-loss provisions supported results. Its net interest margin fell and delinquency indicators worsened.

Finance

Woori Financial nine-month net profit falls 4.93 percent to 2.66 trillion won

Woori Financial Group said nine-month net profit fell 4.93 percent from a year earlier to 2.66 trillion won, reflecting a base effect from one-off gains tied to an insurer acquisition last year. Third-quarter net profit rose 4.4 percent from the previous quarter to 1.05 trillion won, marking a second straight quarter above 1 trillion won. Nine-month net operating revenue rose 6.2 percent to a record 8.68 trillion won.