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Games & Commerce
Reddit posts strong first-quarter results; revenue up 69 percent, net profit surges
Reddit topped market expectations for first-quarter revenue and net profit and issued an upbeat outlook for the second quarter. Revenue rose 69 percent to $692 million, while net profit climbed to $204 million. Earnings per share increased to $1.01. The company forecast second-quarter revenue of $715 million to $725 million and adjusted profit above estimates. Daily active unique users rose 17 percent to 126.8 million.
Telecommunications & Media
Seoul YMCA urges LG Uplus to waive cancellation fees amid IMSI controversy
A Seoul YMCA consumer watchdog called on LG Uplus to waive cancellation fees as the company replaces all USIM cards amid a controversy over its International Mobile Subscriber Identity system design. It said demonstrations by experts showed security threats linked to poor IMSI management becoming real. It cited cases shown at a KAIST hacking conference and online communities. It urged immediate user notifications and asked the science ministry to issue administrative guidance on fee waivers.
Telecommunications & Media
AKMU sings of spring as \'Hounds 2\' captivates global viewers
In the second week of April, sibling duo AKMU returned with its fourth full-length album \"Flowering\" and drew strong reactions to its new music video. Project group WANNA ONE announced a paid membership tied to an upcoming reality programme and member Kim Jae-hwan drew attention for messaging fans before the service opened. tvN said it will reorganise its planned anonymous debate show. Korean action titles including \"Hounds\" season 2 and film \"Humint\" ranked highly on OTT charts.
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Telecommunications & Media
BTS Gwanghwamun comeback live watched by 18.4 million worldwide
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AI & Enterprise
Kim Sun-tae YouTube comments turned into expo format by AI
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Finance
Toss Bank reports error that halved Japanese yen exchange rate on FX service
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Games & Commerce
Coupang Eats joins in charging commission on takeout orders
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Games & Commerce
Daangn launches online \'Cafe\' service in capital area