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AI & Enterprise

Kuaishou AI video unit Kling raises $2 billion, valued at $18 billion

Kuaishou Technology\'s AI video subsidiary Kling has raised about $2 billion from investors, the Wall Street Journal reported on Thursday. The company said the total funding could increase to as much as $3 billion with additional investor participation. After the fundraising, Kuaishou\'s stake in Kling could fall to 68.33 percent. The investment lifts Kling\'s valuation to $18 billion, as Kuaishou pursues a restructuring.

Finance

Brokerages cut domestic branches and step up global push

South Korean brokerages are accelerating overseas expansion as mobile trading prompts further streamlining of domestic branches. As of end-2025, 16 firms operated 93 overseas outlets, up by 13 from a year earlier, while overseas subsidiaries’ net profit rose 67.8 percent. Domestic branches at the top 10 brokerages slipped to 438 as of March 31. Firms are widening foreign omnibus account services and building networks across the United States, Hong Kong, Southeast Asia and India.

Finance

Top four financial holding groups set for record first-half profit above 11 trillion won

South Korea\'s four biggest financial holding groups, KB Financial, Shinhan Financial, Hana Financial and Woori Financial, are expected to post combined first-half net profit above 11 trillion won, a record for the period. Estimates point to higher bank interest income on rising market rates and improved results at securities units amid active stock trading. A potential refund of provisions tied to Hong Kong H-share ELS fines could also support earnings, depending on final decisions.