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Games & Commerce

Musinsa posts Q1 operating profit of 19.0 billion won, up 8.2 percent on year

Musinsa said on Tuesday it posted first-quarter consolidated revenue of 363.6 billion won and operating profit of 19.0 billion won, with revenue up 24.1 percent and profit up 8.2 percent from a year earlier, its best-ever first-quarter result. On a standalone basis, it reported revenue of 335.0 billion won and operating profit of 27.5 billion won. It recorded a standalone net loss due to interest expenses from accounting for RCPS as liabilities.

Finance

FSC urges securities sector to restore core functions, discusses expanding risk capital supply

South Korea’s Financial Services Commission held a consultative body meeting with comprehensive investment finance companies, SME-focused brokerages and policy lenders to discuss ways to strengthen risk-capital supply, improve related rules and support exit markets. The FSC said seven firms with risk-capital obligations supplied 99 trillion won in the first quarter, up 20 trillion won from the previous quarter. It also outlined plans to expand SME-focused brokerage designations, incentives and evaluation rules, build an intermediation platform and step up oversight of leverage investment risks.

Telecommunications & Media

Stage Five says 2025 sales 111.2 billion won; seeks IPO as full MVNO

Stage Five is pushing for an initial public offering by shifting to an AI-based telecommunications platform and converting into a full MVNO, it said. Its digital MVNO service Findairect is sustaining net subscriber growth in the mobile number portability market, and the company said applying AI agents cut customer acquisition and service costs by 10 percent. Stage Five posted 2025 sales of 111.2 billion won, up 282 percent, while operating loss narrowed to about 500 million won.