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Finance

Savings banks sustain profit after PF cleanup; expanding loans for lower-credit borrowers remains task

South Korea\'s savings banks posted 333.8 billion won in net profit in the first quarter, extending a return to the black helped by lower provisions and cleanup of problem property project financing. Some operating indicators improved and capital ratios stayed solid, but delinquency and non-performing loan ratios rose. Lending to mid- and lower-credit borrowers shrank by more than 1 trillion won from a year earlier, raising concerns about weakening support for households and small businesses.

Crypto

Altcoins Stable, HYPE and Rain near record highs ahead of June

Stable, Hyperliquid’s HYPE and Rain are drawing attention as altcoins that could retest record highs in June, supported by catalysts such as a service launch, spot ETF inflows and a burn-based token structure. All three are nearing prior peaks and approaching key technical turning points, with early to mid-June seen as crucial. Markets are watching Stable’s breakout level, a major HYPE token unlock and whether Rain’s prediction-market growth holds.

Industry

Qualcomm targets budget AI laptop market with Snapdragon C

Qualcomm Technologies Inc. on Thursday unveiled its Snapdragon C Platform processor for budget PCs, targeting laptops priced at about $300. The company said the chip is aimed at students, household users and small businesses. Acer, HP and Lenovo plan to launch products using the processor in the second half of this year. Qualcomm said the platform focuses on power efficiency, longer battery life and on-device AI through an integrated NPU.