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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.

Finance

Fintech hot issue: Financial markets sway on high oil prices and weak won; refinancing loan war breaks out

Financial market jitters in South Korea are growing as the Middle East war drags on, pushing oil prices higher and strengthening the dollar. The won has risen above 1,500 per dollar, near the highest level in about 17 years, while foreign outflows add to volatility in the KOSPI. Separately, banks, internet-only lenders and fintech platforms are intensifying competition for sole proprietor refinancing loans as infrastructure opens up.

Finance

Woori Financial to raise 500 billion won regional infrastructure fund, invest in Haenam solar and Gochang offshore wind

Woori Financial Group said on Monday it will set up a 500 billion won regional development infrastructure fund to expand investment in renewable energy and national strategic infrastructure. It plans to invest more than 70 percent of the fund’s assets in infrastructure for balanced regional growth and link the fund with the National Growth Fund. Key targets include the Haenam 400 MW solar project and the Gochang 76.2 MW offshore wind project.