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Telecommunications & Media

TVING posts 19.2 billion won Q1 operating loss, down 6.5 billion won year-on-year

TVING, a streaming service, posted an operating loss of 19.2 billion won in the first quarter, narrowing the loss by 25.3 percent from a year earlier. Revenue rose 20.7 percent to 107.3 billion won. Subscribers grew 37.3 percent over the past year as partnership products expanded, and advertising revenue increased 35.3 percent, helped by exclusive content and the World Baseball Softball Confederation (WBC).

Finance

Stablecoin race for control spreads, KOSPI nears 7,000

Competition over global payment infrastructure centered on stablecoins is spreading across the financial industry. Hana Financial Group is moving to cooperate on blockchain-based remittances with Dunamu and POSCO International, while Visa is expanding its stablecoin pilot and adding five more blockchains. U.S. banks are calling for stronger in-house blockchain strategies, and Shinhan Card is expanding a Solana-linked proof-of-concept. Markets also remain strong, with the KOSPI holding above 6,600 and repeatedly hitting record highs.

Telecommunications & Media

KT runs Family Month offers on Family Box, Y Box and KT.com

KT is running customer benefit programmes for May, designated as Family Month. Its KT Family Box app will hold a quiz event for three weeks from May 4, offering hotel stays, dining vouchers, theme park tickets and mobile coupons. The app also provides partner discount coupons in food, health and daily life categories. KT is also offering rewards and bonus data for customers reusing family phones, and events for Y customers aged 20 to 34 on the Y Box app. KT.com is running promotions for activation customers, including handset discount coupons and prize draws.