Webtoon Entertainment Reports Q2 Revenue of 507.9 Billion Won Amid Currency Impact
Webtoon Entertainment reported a revenue of 507.9 billion won for the second quarter of this year, a 2.8% decrease compared to the same period last year, primarily due to currency fluctuations. However, on a constant currency basis, revenue increased by 5.2%, driven by strong growth in its Korean operations and balanced growth across paid content, advertising, and IP sectors.The company announced its second-quarter results on August 10. Revenue amounted to $338.47 million (approximately 507.9 bi
Assassins Invited to Toronto International Film Festival with Director and Cast Attending
The film 'Assassins' has been officially invited to the Gala Presentations section of the 51st Toronto International Film Festival (TIFF), with director Heo Jin-ho and cast members Yoo Hae-jin, Park Hae-il, and Lee Min-ho confirming their attendance.Previous films that have been featured in TIFF's Gala Presentations include 'Can't Help It' (2025), 'Harbin' (2024), 'Ordinary Family' (2024), 'Concrete Utopia' (2023), 'Smuggling' (2023), and 'Hunt' (2022), all of which received acclaim from both au
Hana Financial and Ministry of Veterans Affairs Collaborate to Improve National Cemetery
Hana Financial Group is partnering with the Ministry of Veterans Affairs to enhance the environment of the National Cemetery.On August 11, Hana Financial announced that it has signed a Memorandum of Understanding (MOU) with the Ministry of Veterans Affairs to improve the national cemetery grounds and visiting environment, coinciding with the 81st anniversary of Korea's liberation.The agreement aims to renovate aging tombstones within the national cemetery to honor veterans and provide a safer, m
Eugene Investment & Securities Lowers Target Price for KEPCO KPS After Earnings Miss
Eugene Investment & Securities announced on August 11 that KEPCO KPS's second-quarter operating profit fell significantly short of market expectations, prompting a target price reduction of 18% to 55,000 won. The investment firm maintained its 'Buy' rating. KEPCO KPS reported second-quarter revenue of 437.9 billion won, a 4% decrease from the same period last year, while operating profit dropped 34% to 43.6 billion won.Expenses increased by 9% to 217.6 billion won, impacting profitability. This
Meritz Securities: Studio Dragon to Improve Profitability with AI Cost Savings
Meritz Securities reported on August 11 that Studio Dragon is expected to improve profitability through reduced amortization costs related to content and cost savings achieved by utilizing artificial intelligence (AI). The firm maintained a 'buy' rating but lowered its target price from 48,000 won to 43,000 won, reflecting a 10.4% decrease based on revised earnings estimates.Jung Ji-soo, a researcher at Meritz Securities, stated, "The company is strengthening its restructuring efforts through a
Daishin Securities Raises Lotte Rental Target Price by 15% Amid Profitability Improvements
Daishin Securities announced on August 11 that it has raised its target price for Lotte Rental from 46,000 won to 53,000 won, an increase of 15.2%. The firm cited expectations for improved profitability due to an expanded market share in the rental business and a higher proportion of used car rentals, as well as potential business synergies from a change in the major shareholder. The investment recommendation remains a 'buy.'Park Kang-ho, a researcher at Daishin Securities, stated, "Profitabilit
Samsung Securities Raises Target Price for CJ CGV Amid Enhanced Viewing Experience
Samsung Securities announced on August 11 that it has raised its target price for CJ CGV from 5,300 won to 6,200 won, citing the company's efforts to differentiate the movie-going experience through special theaters and non-film content. However, the firm maintained a 'neutral' investment rating due to ongoing financial burdens, including high financing costs.Choi Min-ha, a researcher at Samsung Securities, stated, "CJ CGV is enhancing the unique experiences available only in theaters by leverag
Jung Hae-in Promotes 'This Awful Love' Amid Controversy Over Co-star's Ancestor
Actor Jung Hae-in has begun promoting the Netflix original series 'This Awful Love.'On August 10, Jung posted on his social media with the caption "Jang Tae-ha" and tagged the series.'This Awful Love' is a romantic comedy that follows elite prosecutor Go Eun-sae, played by Ha-young, who suffers from amnesia, and her self-proclaimed boyfriend, boxing coach Jang Tae-ha, portrayed by Jung Hae-in, as they navigate a precarious cohabitation in a small rural town known as 'Yeo Village.'Meanwhile, on t
Zuckerberg Warns Against AI Monopoly, Meta Reenters Open AI Competition
Mark Zuckerberg, CEO of Meta, has expressed concerns about the concentration of artificial intelligence (AI) technology and power in the hands of a few companies, declaring a commitment to expanding open AI. Meta has reentered the open AI competition by unveiling a new AI model that can run on personal computers. On August 10, Zuckerberg published a 6,500-word essay titled "The Future is for Everyone," stating, "The idea that AI is so dangerous that we must concentrate power to ensure safety is
Intel Plans $15 Billion Stock Offering to Fund AI and Foundry Investments
U.S. semiconductor company Intel is set to raise $15 billion (approximately 21.3 trillion won) through a stock offering to fund investments in artificial intelligence (AI) and expand its foundry services. On August 10, Intel announced its plans to issue new shares to raise the funds, according to a filing with the U.S. Securities and Exchange Commission (SEC). The funds will be used for investments in semiconductor production facilities and equipment, as well as for general corporate purposes. I