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AI & Enterprise

Naver Cloud targets defence AX with sovereign full stack linking models, data and cloud

Naver Cloud plans to target South Korea\'s defence AI transformation market by promoting sovereign AI, in which the military directly controls data and AI models, and full-stack capabilities spanning infrastructure, models, data platforms and applications. The company plans to deploy field engineers into closed military networks to refine technology using real military data and mission environments. Executives presented approaches including world models, data fabric and ontology, and a defence-specialised cloud connecting central and field sites.

Finance

Asset managers\' Q2 net profit jumps to 2.7 trillion won on stock rally, ETF growth

South Korean asset managers\' second-quarter net profit more than tripled from a year earlier, helped by a domestic stock market rise and growth in the exchange-traded fund market, the Financial Supervisory Service said. Net profit rose to 2.69 trillion won, while assets under management reached 2,777.5 trillion won at end-June. Still, the share of loss-making firms increased, with 42.9 percent of 513 managers posting losses.

Finance

Brokerages\' Q2 net profit tops 5.2 trillion won, up 82 percent on stock market boom

South Korean brokerages posted more than 5 trillion won in net profit in the second quarter, helped by a strong stock market and higher trading value. Net profit at 61 brokerages rose 20.0 percent from the previous quarter to 5.19 trillion won, up 82.1 percent from a year earlier. Commission income increased 32.5 percent, led by brokerage fees. Wealth management, investment banking and proprietary trading earnings also improved.