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Industry

Standard Energy supplies vanadium ion battery ESS to Hanyang University

Standard Energy said it installed a vanadium ion battery energy storage system at Hanyang University’s Seoul campus and began full operation after passing a pre-use inspection. It said the system will be used in a Korea Institute of Energy Technology Evaluation and Planning national project led by GS E&C to develop and demonstrate a community energy management system. The ESS will link with solar power and other facilities to reduce peak demand and stabilize power quality.

Finance

Toss Place launches Visiting Toss Place, to visit merchants nationwide

Toss Place, a payment terminal and POS solution unit of Viva Republica, has started on-site meetings to hear directly from merchants about service improvements. The company held the first event of its \"Visiting Toss Place\" programme at the merchant Half House in Seoul\'s Gangnam district. It invited nearby merchants to share opinions and operational difficulties, and plans to expand the events to more regions. Sessions included Q&A, group discussions and previews of an AI-based service in development.

Finance

Coocon Q2 operating profit up 6.3 percent to 4.96 billion won

Coocon posted year-on-year growth in both revenue and operating profit in the second quarter and plans to expand new businesses in the second half. The company reported second-quarter revenue of 17.96 billion won and operating profit of 4.96 billion won. It launched an MCP-based data API and linked global mobile payment services, and completed a stablecoin proof of concept. Coocon also plans to establish a local unit in Singapore this year.