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Industry

SKC Q2 operating loss of 14.4 billion won narrows 79 percent year-on-year

SKC posted second-quarter sales of 645.4 billion won and an operating loss of 14.4 billion won, it said on Sunday. Sales rose 38.3 percent from a year earlier and the operating loss narrowed 79.0 percent. EBITDA was 29.1 billion won, about triple the previous quarter, remaining positive for a second quarter. The company completed a 1.16 trillion won rights issue and said net debt and leverage fell sharply.

Finance

Hana Securities launches foreign integrated account trading with Futu Securities

Hana Securities has started foreign integrated account trading with Hong Kong financial platform Futu Securities, aiming to broaden Asian investors\' access to South Korea\'s stock market. The scheme lets non-resident foreigners trade and settle Korean shares through their local broker without opening a separate account at a Korean securities firm. Hana Securities said it plans to expand the service to other brokers, including Citic Securities in Hong Kong and Wedbush Securities in the United States.

AI & Enterprise

ADB to invest $50 billion in pan-Asian power grid by 2035

The Asian Development Bank plans to invest $50 billion by 2035 to build a pan-Asian power grid to meet rising electricity demand from the spread of AI. It also proposed an additional $20 billion for digital infrastructure, taking the total to $70 billion for energy and telecommunications projects. The plan aims to link national grids, expand renewable energy trade, improve power access, cut emissions and create jobs.