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Games & Commerce

Naver hit by investment burden, Kakao aided by cost stability as Q3 outlook diverges

Naver and Kakao are expected to post divergent third-quarter results. Naver is forecast to log double-digit revenue growth but a drop in operating profit due to heavier spending on AI infrastructure, commerce and marketing. Kakao is seen posting a slight revenue decline but a double-digit rise in operating profit on relatively stable costs. Analysts say investors will focus on whether each company can translate AI initiatives into concrete products, contracts and revenue.

AI & Enterprise

Korean stocks slide raises uncertainty for AI startups ahead of IPOs

A sharp fall in South Korean stocks has raised uncertainty for AI startups pursuing initial public offerings, as concerns resurface over AI investment profitability. Alice Group is set to list on the KOSDAQ after strong demand in its bookbuilding and retail subscription. Attention is turning to follow-on candidates Rablup and Xenon as they run institutional demand forecasts and prepare retail subscriptions amid heightened market volatility and potentially weaker investor sentiment.

Industry

Chinese battery exports face headwinds; can Korean makers narrow gap in Europe

China\'s battery industry is facing narrowing export routes as Beijing withdraws tax support for mainstream lithium-ion batteries and shifts focus to next-generation technologies, while the European Union moves to curb exports of Chinese hybrid and plug-in hybrid cars. Analysts say Korean battery makers with production bases in Europe may get a chance to narrow the price gap. The EU also plans tougher origin requirements for subsidies, raising pressure on Korean firms to localise sourcing.