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Finance

Samsung Securities Q3 net profit rises 14.1 percent to 352.8 billion won

Samsung Securities reported improved third-quarter results despite weakness in the domestic stock market and lower trading value. Operating profit rose 11.7 percent from a year earlier to 449.0 billion won, while pretax profit increased 16.5 percent to 480.4 billion won. Net profit climbed 14.1 percent to 352.8 billion won. The company cited expanded wealth management earnings and stable investment banking contributions, including gains in equity capital markets and M&A.

AI & Enterprise

Global engineering software industry targets South Korean defence market, sees large potential

Industrial software company PTC is stepping up investment in South Korea, including plans to open a customer experience centre in Seoul next April or May and expand its regional presence. PTC Korea has also opened a Busan office and formed an enablement team to support partner and university education. The company is focusing on aerospace and defence as its top growth area, citing policy shifts requiring digital engineering software and rising global defence spending.

Finance

South Korean investment firms step up ties with Japanese financial companies

South Korea\'s financial investment industry is expanding cooperation with Japanese financial companies through acquisitions, partnerships and research exchanges. Mirae Asset Securities plans to buy Sanko Securities for about 47.6 billion won and invest 12 billion yen. Hanwha Investment & Securities signed an SPA to acquire a securities unit of GI Capital Management. Shinhan Investment Corp discussed cooperation with Mizuho Securities and Rakuten Securities. Blockchain firm DSRV joined partners to test a stablecoin remittance and payment model.