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Finance

KB Securities posts 600.6 billion won Q2 operating profit, up 175.5 percent

KB Securities said its second-quarter operating profit and net profit more than doubled from a year earlier, delivering its best-ever first-half performance. The brokerage reported consolidated operating profit of 600.6 billion won, up 175.5 percent, and net profit of 450.8 billion won, up 180.6 percent. First-half operating profit totalled 1.05 trillion won and net profit 801.0 billion won, the highest on a half-year basis.

AI & Enterprise

South Korea steps up push for one AI agent per person, to launch \'AI for Everyone\' service this year

South Korea plans to launch a free, general-purpose AI chatbot service called \'AI for Everyone\' in December using domestic AI models. The government aims to upgrade it into AI agents next year, targeting a \"one AI agent per person\" era. It will support construction of gigawatt-class AI data centres backed by 550 trillion won in private investment and pursue projects in physical AI, AI semiconductors, security and regional AI transformation hubs, and space and quantum programmes.

Industry

MSIT approves follow-up measures after PBS abolition, to unify research institutes payroll funding in 2027

South Korea\'s Ministry of Science and ICT said it approved follow-up measures for abolishing the Project-Based System at state-funded research institutes. The ministry said the move shifts payroll funding away from project awards to full support through institutional subsidies. It will unify the current payroll budgeting structure into operating expenses from 2027 and limit new commissioned government projects in principle, with exceptions. It also plans mission-based research portfolios and legal revisions.