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Games & Commerce

AXZ changes name to Daum, steps up shift to AI portal

AXZ, the operator of the Daum portal service, said on July 27 it will change its corporate name to Daum. The company approved the change at an extraordinary shareholders meeting held on July 20 to align its corporate identity with its main service and strengthen communication with users and partners. It said service usage and member accounts will remain unchanged. Daum plans to revamp its website and channels and build a next-generation AI-based portal.

Finance

Korean stock volatility drives retail investors back to U.S. markets

Repeated sharp swings in South Korea\'s stock market are pushing retail money back into U.S. equities. Credit-financed stock balances and unsettled trading receivables have fallen, while investor deposits remain above 100 trillion won. Retail investors turned from heavy buying of SK Hynix and Samsung Electronics to net selling in late July. Net buying of U.S. shares surged, led by the 3-times leveraged semiconductor ETF SOXL. A lower won-dollar exchange rate also reduced costs.

AI & Enterprise

Upstage unveils \'Solar Open 2\' touting agent performance

Upstage unveiled its open-weight large language model \'Solar Open 2\' optimised for agent task execution and released the model weights on Hugging Face. Developed through a government sovereign AI foundation model project, it uses a mixture-of-experts design with 250 billion parameters and activates 15 billion in use. Upstage said it outperformed rival models on multiple benchmarks and plans broader deployments and AX services across industries.