AGP Executive Report
Last update: 4 hours agoAI Chips: SK hynix reported a 632% year-on-year jump in third-quarter operating profit as AI demand fueled six straight quarters of record results. The company rejected claims that memory demand has peaked and announced a 60 trillion won shareholder-return plan. AI Investment: The government will fast-track a 600 billion won data center in Pohang and plans to deploy more than 1,700 AI robots across public agencies next year, giving domestic firms a testing ground. Nvidia’s Madison Huang is also expected in Seoul next month as the company expands partnerships in robotics and factory automation. Economic Outlook: South Korea’s economy grew 1% in the third quarter, beating forecasts on chip exports and investment, but private consumption remains weak. September retail sales rose 4.5%, helped by Chuseok spending. Financial Security: Daishin Securities said data from 38,490 customers was exposed in a cyberattack, while Mirae Asset Global Investments and Bithumb also reported breaches, intensifying scrutiny of financial-sector security. K-Culture Business: KOCCA is shifting toward an integrated K-culture strategy, using Photoism’s network of about 1,100 booths in 29 countries to turn Korean IP into longer-term global brands.
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