Search results for net profit
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.
Finance
Brokerage bonds draw strong demand, topping 4 trillion won on results improvement and rate appeal
Institutional money is flowing into South Korean securities firms’ corporate bonds despite rising market rates, supported by improved earnings and the appeal of higher interest income. Daishin Securities, Hana Securities and DB Financial Investment drew 4.265 trillion won of orders for 600 billion won of issuance, about 7.1 times. Pricing came in below bond valuation benchmarks. Analysts cite better brokerage results, reduced non-financial corporate bond supply and demand buildup.
Telecommunications & Media
Huawei unveils tri-fold phone with new chip, breaking through U.S. EUV curbs?
Huawei launched its new tri-fold phone Mate XT 2 in China, featuring the Kirin 9050 Pro mobile chip designed with its “tau scaling law” and the HarmonyOS 7 operating system. The phone starts at 19,999 yuan and goes on sale from Sept. 10. Huawei said overall performance rises 42% from the previous model. The device adopts an in-folding structure and adds an optional privacy OLED display.
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Finance
Finance network separation rules eased, fueling 140 trillion won fintech investment
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Finance
SOOP to cancel 18.9 billion won of treasury shares, 2.7 percent of shares outstanding
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AI & Enterprise
Intellivix wins Kosdaq preliminary listing approval, seeks standard IPO
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Games & Commerce
Nexthrust\'s ONE strategy puts game, AI and blockchain integration to test
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Finance
MyData market expands as Korea faces impact of consecutive base rate hikes
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Games & Commerce
Toss Bank posts record first-half net profit of 58.9 billion won
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Finance
Savings banks post 765.8 billion won net profit in first half, delinquency rate improves
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AI & Enterprise
Okta shares jump 15 percent after strong fiscal Q2 results, raises annual forecast
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Finance
KB Financial chairman race narrows to three as Yang Jong-hee reappointment prospect grows
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Industry
Nvidia Q2 net profit $59.7 billion, up 126 percent year on year
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Industry
China\'s top 3 semiconductor packaging firms see profit surge in H1, launch 15 billion yuan expansion race
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AI & Enterprise
Nvidia shares fall despite earnings surprise
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Telecommunications & Media
Apple suppliers split by memory price shock; Lens Technology profit halves
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Industry
Unitree shares slide 45% from post-IPO peak after 460% debut surge, raising robot bubble alarm
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Industry
CXMT, YMTC supply push may reshape DRAM and NAND market