Search results for 1 percent
Games & Commerce
Existing IPs, not new releases, to divide Korean game makers\' Q2 results
South Korean game makers\' second-quarter results are expected to diverge based on profits generated by existing intellectual property rather than whether they released new titles. Krafton and NC, which own PUBG and Lineage, are forecast to post sharp gains helped by new titles and acquisitions. Netmarble is expected to see weaker profitability due to marketing and IP fees, while Nexon expects a pause as some key titles soften despite stable live services.
Crypto
Financial firms join crypto exchanges, could shake up digital asset market
South Korea\'s won-based digital asset exchanges are bringing in financial companies as new shareholders to bolster their business foundations, drawing attention to whether the market led by Upbit and Bithumb could shift. CoinGecko data put Upbit’s 24-hour volume share at 72.1 percent and Bithumb’s at 22.3 percent. Trading activity has declined, while Coinone, Korbit and Gopax move to expand capital and business ties with financial groups.
Finance
Digital asset cross-industry ties spread as top 4 financial groups post 11 trillion won profit era
Big Tech, financial firms and payment companies in South Korea are widening digital-asset initiatives by teaming up with global blockchain companies. Kakao Group and Toss and Toss Bank are working with Circle to review stablecoin-based payment and settlement infrastructure and tokenised financial services. Banks are developing cross-border remittance and payment models. Separately, the top four financial holding groups posted combined first-half net profit above 11 trillion won, while regulators step up group-level oversight of fintech expansion.
-
Finance
iM Financial first-half net profit 295.6 billion won down 4.4 percent
-
Industry
LG Innotek Q2 operating profit jumps 2,057 percent
-
Crypto
Hashdex ETF introduces staking rewards, investors paid only above threshold
-
Crypto
Cardano joins RWA tokenisation race, ranks fifth in growth among major chains
-
Crypto
Upbit XRP holdings fall; Binance also down 7.1 percent from peak
-
Crypto
Japan to enter bitcoin spot ETF era; $18.4 billion market seen by FY2028
-
Finance
Four major financial groups\' net profit tops 11 trillion won, competition shifts from banks to capital markets
-
Finance
Financial holding brokerages post about 1.41 trillion won Q2 net profit on brokerage boom
-
Finance
Woori Investment Securities Q2 net profit 11 billion won, down 21 percent from Q1
-
Telecommunications & Media
Korean media fall behind global platforms; original content expansion urged
-
Finance
Hana Securities\' Q2 operating profit 203.7 billion won, up 783.3 percent
-
Industry
Korea Post strengthens cooperation with major countries to revive EMS volumes
-
Crypto
BitMEX to wind down operations after 11 years; Zhao says \'sad\'
-
Mobility
Tesla shares plunge 12 percent on weak results as markets doubt robotaxi and Optimus promises
-
Finance
KB Financial keeps top spot in first half on non-bank gains despite bank lag