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AI & Enterprise

Lablup supplies AI model management software to Shinhan DS in first post-commercialisation deal

Lablup said on Thursday it signed a contract with Shinhan DS for a GPU management and API software rollout project and will supply its AI model management solution, Continuum Suite. It said the deal was the first supply case since the product’s commercial release, with Lablup responsible for the API software portion. The company also began a public subscription for retail investors from Oct. 22 to Oct. 23 and plans to list on the KOSDAQ on Nov. 3.

Games & Commerce

Com2uS eyes results rebound on \'Zeus\' hit, awaits \'Crimson Inferno\' follow-up

Com2uS is expected to stage a third-quarter rebound on the success of new MMORPG \'Zeus: The God of Arrogance\' and aims to sustain improved results with follow-up title \'Crimson Inferno\'. F&Guide data put third-quarter sales consensus at 203.7 billion won, up 26.4 percent on year, with operating profit seen at 12.1 billion won, swinging from a loss. The company is also preparing additional new titles and expanding platforms.

Finance

Korean brokers face cloudy third-quarter results as trading turnover falls and rates rise

South Korean brokerages that posted record first-half results are expected to see a sharp slowdown in third-quarter earnings, hit by weaker brokerage revenue as stock trading turnover falls and by valuation losses in trading amid higher market rates and greater volatility. Investment banking is also seen offering limited support. Among five major firms, combined controlling shareholder net profit is forecast at about 1.063 trillion won, down 44.9 percent from a year earlier and 76.6 percent from the previous quarter.