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Games & Commerce

Kakao Enterprise names Lee Jae-han CEO to strengthen AI infrastructure business

Kakao Enterprise has appointed former business division head Lee Jae-han as its new chief executive as it moves to expand its artificial intelligence infrastructure business. The company said it made the appointment at an extraordinary shareholders meeting and board meeting on Wednesday. It plans to maintain continuity in key businesses including AI infrastructure and hybrid GPU-as-a-service. Lee said AI data centres, cloud infrastructure and AI platforms are becoming more important.

Industry

Samsung Electronics posts loss at smartphone and TV units as memory prices rise

Samsung Electronics\' DS division posted 89.2 trillion won in second-quarter sales, while its DX division logged an operating loss of 800 billion won as higher memory prices lifted costs for device businesses. Executives said DRAM and NAND average selling prices rose sharply from the previous quarter, hurting profitability at the MX unit. The company plans to adjust its sales mix and improve resource efficiency, but offered no plan to cut costs. Executives also cited uncertainty and weaker demand outlooks.

Industry

Samsung Electronics\' chip unit makes up 99.7 percent of company operating profit

Samsung Electronics posted a 52 percent operating profit margin in the second quarter of 2026, up 9 percentage points from the previous quarter. It said revenue rose to 171.5 trillion won and operating profit to 89.5 trillion won, both record highs. The DS semiconductor unit accounted for 99.7 percent of operating profit. The company cited higher memory prices, increased shipments and a currency impact, while R&D and facility investment also climbed.