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AI & Enterprise

ITCEN Entec posts 15.3 billion won operating profit in first half on margin gains

ITCEN Entec said on Aug. 13 it posted first-half consolidated revenue of 274.7 billion won and operating profit of 15.3 billion won. Revenue rose 14.63 percent from a year earlier, while operating profit increased from 920 million won. Net profit swung to 16.03 billion won from a 3.41 billion won loss. The company cited growth in maintenance-focused projects, optimized staffing and tighter project cost controls.

AI & Enterprise

MSIT holds joint briefing on 10 AI projects for livelihoods, to roll out services sequentially

South Korea\'s Ministry of Science and ICT said on Thursday it will hold a joint briefing in Seoul on its \"10 AI projects for livelihoods\" to quickly introduce services people can experience in daily life. The projects span consumer life, public convenience and social safety, and involve 10 ministries and agencies and participating companies. The ministry plans to sequentially launch 4 services within 2026 and start the remaining 6 projects in the first half of 2027.

AI & Enterprise

ITCEN Global says first-quarter revenue doubles, targets future finance with digital gold and stablecoin

ITCEN Global said on Thursday its first-quarter consolidated revenue totalled 3.29 trillion won, about 100 percent higher than a year earlier. It said its Web3 unit, led by Korea Gold Exchange, and its IT services business drove growth. Operating profit rose 193 percent to 99.2 billion won and net profit climbed 178 percent to 72.7 billion won. The company outlined plans for digital gold, a gold-backed wallet app and Japan-linked stablecoin research.