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Industry

Samsung Electronics\' third-quarter operating profit tops 100 trillion won

Samsung Electronics posted a record third-quarter operating profit of 107.4 trillion won, its first quarter above 100 trillion won. Revenue rose to 195 trillion won, and cumulative sales for the first three quarters exceeded last year\'s full-year sales. The company’s recovery has been driven by AI-led memory demand, with hyperscalers and AI chipmakers as key customers. The shift has strengthened suppliers’ pricing power and pushed operating margins higher.

AI & Enterprise

Xenon files Kosdaq IPO registration statement, seeks up to 26.8 billion won

Generative AI solutions company Xenon said on Oct. 8 it filed a securities registration statement with South Korea\'s Financial Services Commission and began procedures for a Kosdaq listing. The company plans to offer 2.2 million shares at a proposed price of 9,700 to 12,200 won each, raising 21.34 billion to 26.84 billion won. Institutional bookbuilding runs Oct. 26-30, with retail subscriptions Nov. 4-5. Samsung Securities is lead manager.

Finance

KOSPI slips to 6,700 level despite Samsung Electronics\' 107.4 trillion won operating profit; Kosdaq also weaker

South Korea\'s KOSPI slipped to the 6,700 level in early trade on Oct. 8 despite news that Samsung Electronics\' third-quarter operating profit beat market expectations. The index extended losses as foreigners and institutions were net sellers. Samsung Electronics reported 195 trillion won in quarterly revenue and 107.4 trillion won in operating profit, but its shares fell, while SK Hynix rose. The Kosdaq also declined and the won strengthened against the dollar.