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Finance

More financial firms to face margin rules for non-cleared OTC derivatives from September

South Korea\'s Financial Supervisory Service will extend its guidelines on the margin exchange system for non-cleared over-the-counter derivatives transactions. From September, the number of firms subject to initial margin requirements will rise to 143 from 138, while those covered by variation margin requirements will increase to 165 from 163. The guidelines will be extended for one year. The FSS said it will keep checking compliance and gather difficulties financial firms face.

Games & Commerce

Pearl Abyss posts Q2 operating profit of 67.6 billion won on \'Crimson Desert\' sales boost

Pearl Abyss posted a sharp rise in second-quarter results, helped by global sales performance of its new title \'Crimson Desert\'. The company reported revenue of 192.6 billion won and operating profit of 67.6 billion won, with net profit turning positive. It adjusted its full-year outlook to reflect a lower estimated average selling price tied to sales channel changes, differences between physical package sales and revenue recognition, and revenue deferrals from refund guarantees.

Games & Commerce

Pearl Abyss opens shareholder meeting, focus turns to what comes after Crimson Desert

Pearl Abyss held a shareholder meeting on July 7 in Gwacheon, south of Seoul, and addressed investor concerns over a weak share price despite expectations for Crimson Desert. Management outlined key shareholder requests, including next steps for Crimson Desert, progress and disclosure strategy for DokeV, shareholder returns and stronger communication. The company said DokeV targets a release in the second half of 2028 and is preparing paid DLC and possible platform expansion to bridge the gap.