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Games & Commerce

Musinsa first-half operating profit 52.3 billion won, down 11.2 percent on year

Musinsa posted record first-half revenue as it expanded offline locations and grew overseas business, the company said on Sunday. On a consolidated basis, revenue rose 22.5 percent from a year earlier to 821.7 billion won, while operating profit fell 11.2 percent to 52.3 billion won. It cited higher costs and increased selling and administrative expenses tied to larger transaction volumes and investments. The company also reported a net loss related to accounting interest expenses for RCPS.

AI & Enterprise

Telecoms tapped for Korea\'s \'AI for All\' project as infrastructure capability comes into focus

South Korea has completed the selection of operators for its government AI service project, \'AI for All\', aimed at the entire population. The Ministry of Science and ICT selected consortia led by SK Telecom and KT, and a Kakao-led group that includes LG Uplus. The ministry said evaluation focused on the ability to expand and operate the service, including infrastructure plans. The government will support 512 Nvidia B200 GPUs this year and plans additional cost support from next year.

AI & Enterprise

AI for Everyone service to launch this year, led by SKT, KT and Kakao

South Korea selected SK Telecom, KT and a Kakao consortium as operators for the nationwide “AI for Everyone” project, the science ministry said on Thursday. The consortiums will use their lead organisations’ strengths to launch public-facing AI services this year. Evaluations reviewed model and service competitiveness, GPU use and infrastructure plans, plus convenience, user acquisition strategies, quality and safety. The ministry plans contracts in September, a beta service and formal launch this year.