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Industry

LS Q2 operating profit 595.6 billion won, up 153 percent year on year

LS said on Thursday its second-quarter operating profit rose 153 percent from a year earlier to 595.6 billion won, while revenue climbed 40 percent to 11.02 trillion won, both record highs for a quarter. First-half operating profit totalled 1.07 trillion won, exceeding last year’s full-year result, with revenue up 39 percent to 20.53 trillion won. The company cited AI data centre expansion and power-grid replacement projects.

Finance

Higher bar for \'split listings\' to reshape subsidiary IPO landscape

A reform plan on duplicate listings by the Financial Services Commission and Korea Exchange takes effect from Aug. 3, raising hurdles for listing unlisted subsidiaries controlled by listed firms. Spun-off subsidiaries must obtain shareholder approval, while acquired or newly established units face tougher reviews without consent. The plan limits duplicate listings in principle, allowing exceptions only with shareholder protection measures and confirmed subsidiary independence, and imposes five duties on parent boards, along with special committee review requirements.

Games & Commerce

Naver search vs Kakao chats as AI booking race heats up

Naver and Kakao are accelerating efforts to keep information search, place recommendations and bookings inside their own platforms using AI. Naver is expanding its AI tab in search to connect results to maps and real-time reservations, and is disclosing engagement metrics. Kakao is enhancing travel features that begin in KakaoTalk chats and flow to KakaoMap and its booking service. Analysts say it remains to be seen whether these plans will translate into results.