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AI & Enterprise

Samsung SDS says cloud is biggest share of IT services revenue, to invest 10 trillion won by 2031

Samsung SDS on Wednesday reported preliminary first-quarter revenue of 3.35 trillion won and operating profit of 78.3 billion won. Revenue fell 3.9 percent from a year earlier, while profit slid 70.8 percent after it booked a 112.0 billion won retirement benefit provision following a change in severance pay calculation standards. Cloud revenue rose 5.8 percent to 690.9 billion won, becoming the largest share within IT services.

AI & Enterprise

Samsung SDS to partner with KKR, pursue physical AI and stablecoin businesses

Samsung SDS will cooperate with global investment firm KKR to secure future growth drivers. The company approved the issuance of 1.2 trillion won ($820 million) in convertible bonds. It plans to expand investment in AI infrastructure and strengthen its AX business using the new funds and 6.4 trillion won in cash and cash equivalents. Samsung SDS also plans to pursue new businesses such as physical AI and stablecoins, as well as mergers and acquisitions.

Telecommunications & Media

LG Uplus holds 30th annual general meeting, approves six agenda items

LG Uplus said on Monday it held its 30th annual general meeting at its Yongsan headquarters in Seoul and approved six agenda items as proposed. Shareholders approved the 2025 financial statements and set a year-end cash dividend of 410 won per common share, up 10 won, taking the annual dividend to 660 won. The meeting also approved charter changes, including adding data centre design, build and operation services.