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Crypto

NHN KCP rolls out 2-second payments in race to commercialise stablecoin payments

NHN KCP is moving to test the commercial feasibility of stablecoin-based payments. The company is running a proof of concept tied to its Payco easy-payment service, covering both online gift certificate purchases and offline payments at facilities at its headquarters. It is also building a blockchain-based payment ecosystem through a payment-focused mainnet developed in cooperation with the Avalanche blockchain platform.

Games & Commerce

NHN shifts game strategy to Japan, targets growth in cloud, payments and defense

NHN is adjusting its game business strategy to target Japan and laid out plans to secure new growth engines in cloud, payments and defense. CEO Jung Woo-jin said the company is preparing a strategy change and pursuing contracts with well-known IPs in Japan and projects under code names. NHN Cloud began operating water-cooled B200 GPUs at its Seoul Yangpyeong region and expects related revenue from the second quarter.

Games & Commerce

NHN Q1 operating profit falls 5 percent on ahead-of-curve AI infrastructure investment

NHN said its first-quarter operating profit fell 5 percent from a year earlier as it reflected costs for upfront investment in artificial intelligence infrastructure, including building AI GPU infrastructure. The company posted a 11.9 percent rise in quarterly sales to 671.4 billion won and operating profit of 26.3 billion won. Revenue rose across payments, games and technology, while NHN also announced a 16.7 billion won share buyback to be fully cancelled.