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Finance

Kakao valuation method shifts after split as AI premium faces X discount

Kakao\'s decision to split into KakaoAI and KakaoX is changing how investors assess its shares. Analysts had cited a conglomerate discount as a key reason the stock traded well below sum-of-the-parts value, but initial market reaction was negative. The issue is now seen as two separate challenges: a net asset value discount applied to KakaoX and whether KakaoAI can justify a higher AI valuation multiple through revenue growth and monetisation.

Finance

Household loan cap raised to 3 percent; scraping to be phased down

South Korea’s financial authorities loosened parts of their household loan management stance by raising this year’s lending growth target to 3 percent from 1.5 percent and planning 47.8 trillion won-plus in housing supply finance support. The move is expected to expand banks’ annual capacity for household loans to around 60 trillion won. Authorities also agreed not to block scraping all at once, opting to phase it down while preparing alternatives such as public MyData.

Finance

Meritz Securities first-half operating profit rises 11.8 percent to 501.3 billion won

Meritz Securities posted higher operating and net profit in the first half of this year from a year earlier, supported by growth in its retail and asset management businesses. The company said first-half consolidated operating profit rose 11.8 percent to 501.3 billion won, while net profit increased 15.9 percent to 514.0 billion won. Second-quarter operating profit fell 18.2 percent, while net profit rose 1.4 percent.