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Crypto

Japan\'s gumi to recast crypto holdings around XRP, aims to be top XRP treasury firm

Japan\'s game and blockchain firm gumi plans to overhaul its digital asset strategy by shifting its cryptocurrency holdings to XRP and aiming to become Japan\'s largest XRP holding and management company. It held about 14 billion yen in crypto as of April 30. The company plans to convert holdings to XRP gradually and may buy more depending on market conditions. It also plans to use covered-call strategies and work closely with SBI Group.

Industry

LG Innotek shifts business focus from smartphone substrates to AI servers

LG Innotek is expanding its business focus beyond mobile into AI servers and data centres as demand shifts in the semiconductor substrate market with the spread of inference AI. The company outlined a mid- to long-term growth strategy built around FC-CSP, FC-BGA and RF-SiP substrates. It is accelerating capacity investment in South Korea and Vietnam. Its package solution business posted higher sales and profit last year, and it set targets for 2030 and 2031.

Industry

Baemin Bmart direct purchases of domestic farm products up 53 percent in Jan-May, to expand this year

Baemin’s quick commerce platform is expanding its role as a sales channel for regional farms, Woowa Brothers said. Sales of domestically sourced farm and livestock products bought directly from producing areas through Baemin Bmart rose 53 percent in January to May from a year earlier, outpacing last year’s full-year growth rate of 21 percent. Fruit sales led gains, with strong increases for strawberries, melons, watermelons and blueberries.