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Finance

iM Financial posts Q1 net profit of 154.5 billion won, up slightly on year

iM Financial Group said on April 28 its first-quarter 2026 net profit attributable to controlling shareholders came to 154.5 billion won, up 0.1 percent from a year earlier. Interest income rose 4.6 percent, and non-interest income gained 8.3 percent on higher fee revenue. Its main unit iM Bank posted net profit of 120.6 billion won. iM Financial also announced a 40.0 billion won share buyback and cancellation plan.

Industry

Samsung SDI posts Q1 revenue of 3.58 trillion won; operating loss narrows to 155.6 billion won

Samsung SDI said on April 28 it posted first-quarter revenue of 3.58 trillion won and an operating loss of 155.6 billion won. Revenue rose 12.6 percent from a year earlier, while the operating loss narrowed 64.2 percent. Net profit came to 56.1 billion won, returning to the black. Battery business revenue rose on recovering demand, while electronic materials improved on steady semiconductor sales and higher display materials sales.

Crypto

Peter Schiff rebuts Michael Saylor\'s $1 million bitcoin call

Strategy bought an additional 3,273 bitcoin, taking its total holdings to 818,334, as bitcoin traded around $77,850. The company said it spent about $255 million at an average price of $77,906 per coin, funded by a share sale program. Economist and bitcoin skeptic Peter Schiff criticised Michael Saylor’s view that bitcoin could reach $1 million if the firm amassed 5 percent of supply, and warned about funding risks tied to STRC.