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Qualcomm Lowers Profit Outlook Amid Rising Memory Costs, Plans Chip Price Increase U.S. semiconductor company Qualcomm has issued a profit outlook that falls short of market expectations due to rising memory prices and semiconductor production costs. To alleviate cost pressures, the company plans to increase chip prices used in smartphones and other devices.On July 29, Qualcomm projected its adjusted earnings per share (EPS) for the fourth quarter of fiscal year 2026 (July to September) to be between $2.05 and $2.25. This adjusted EPS, which excludes one-time costs or gains, is below the market expectation of $2.36.The company anticipates revenue between $9.7 billion and $10.5 billion, which falls within the market estimate of $10.02 billion.The main issue is the rising costs of semiconductor production. Cristiano Amon, Qualcomm's CEO, stated, “Costs are increasing across the entire production process, including chip manufacturing, assembly, testing, and memory.”Qualcomm plans to pass these increased costs onto product prices. Amon explained, “We will raise chip prices starting September 1 and are negotiating with our customers.” Bloomberg reported that Qualcomm has informed some customers of price increases in the double digits.The company’s core smartphone business has also struggled. In the third quarter, revenue from smartphone chips was $5.09 billion, a 20% decrease from the same period last year, although it exceeded the market estimate of $4.96 billion.Additionally, Apple’s increased use of its own developed chips poses a challenge. Qualcomm expects the share of its modem chips in the next iPhone to be significantly lower than the previously estimated 20%, indicating that revenue from Apple may decline faster than anticipated.Overall revenue for the third quarter was $9.95 billion, down 4% from the previous year but above the market estimate of $9.67 billion. The adjusted EPS was $2.21, slightly below the market expectation of $2.23.To reduce its reliance on smartphones, Qualcomm is expanding its automotive and data center businesses. The company has set a goal to generate over $15 billion annually from data centers and $10 billion from automotive by fiscal year 2029.Amon believes that by fiscal year 2027, growth in sectors outside of smartphones, such as automotive and data centers, will significantly offset the decline in revenue related to Apple.The market reacted sensitively to the rising costs and the disappointing fourth-quarter profit outlook, with Qualcomm's stock falling about 4% in after-hours trading following the earnings announcement.* This article has been translated by AI. 2026-07-30 09:20:00 -
Foreign Investors Sell Korean Stocks and Buy Hong Kong Shares Global investors are selling South Korean stocks while purchasing shares in Hong Kong. According to Bloomberg data and analyses from global investment banks, foreign investors are quickly unwinding their previous strategy of increasing their holdings in South Korea and reducing their exposure to Hong Kong, as reported by China Fund News on July 30.Since the beginning of the year, foreign investors had short-sold Hong Kong tech stocks and used the cash to buy South Korean memory semiconductor stocks. However, this month, they have begun selling Korean stocks and covering their short positions in Hong Kong.In July, the KOSPI index fell by nearly 30%, with foreign investors net selling over $100 billion in the South Korean stock market. In contrast, the Hong Kong stock market has shown a strong rebound this month, rising by more than 12%, with the Hang Seng Index increasing by 1.96% on July 29.Bloomberg data indicates that the 20-day moving correlation between the KOSPI and the Hong Kong Hang Seng Tech Index has recently turned negative again. This suggests that foreign investors are selling South Korean stocks like Samsung Electronics and SK Hynix while buying Hong Kong tech stocks such as Alibaba and Tencent.CITIC Securities stated, "As U.S. memory companies and South Korean semiconductor stocks, along with Chinese A-share AI-related stocks, have all undergone corrections after a surge in the first half of the year, global funds are seeking new investment opportunities. Hong Kong internet companies, which have relatively low valuations, are likely to benefit the most from this shift."Goldman Sachs also noted in a report this month that "Chinese AI companies account for 16% of global AI-related revenue, but their market capitalization represents only 10%." They added that the proportion of global funds invested in Chinese AI-related stocks is only 1.2% of total portfolios, indicating a significant undervaluation and underexposure.* This article has been translated by AI. 2026-07-30 09:20:00
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Kakao Pay Insurance's Pet Insurance Surpasses 10,000 Contracts in Four Months Kakao Pay Insurance's pet insurance has surpassed 10,000 contracts just four months after its launch. The increase in subscriptions is attributed to a growing demand for coverage against medical expenses related to illnesses and accidents in young pets.On July 30, Kakao Pay Insurance analyzed pet insurance subscription data, revealing that 39% of the enrolled pets are 0 years old, followed by 23% aged 1 year, 20% aged 2 years, and 18% aged 3 years. The insurance is available for pets aged 0 to 3 years.Subscribers predominantly chose the surgical hospitalization plan, followed by the surgical outpatient plan and the same-day surgical plan. The average payout for those who received insurance benefits was 308,408 won, with the highest payout being approximately 3.4 million won for the treatment of a congenital condition known as portosystemic shunt.In terms of pet types, dogs accounted for 80% of total subscriptions, while cats made up 20%. Among dogs, Maltipoos represented the largest group at 28%, followed by Bichon Frises at 16%, mixed breeds under 10 kg, Pomeranians, and Maltese. For cats, Korean Shorthairs comprised 42%, and British Shorthairs accounted for 17%.Kakao Pay Insurance launched its pet insurance in March. The policy covers up to 5 million won for medical expenses on the day of surgery and a maximum of 40 million won annually, including costs for MRI and CT scans as well as hospitalization and outpatient care. Within the annual coverage limit, there is no restriction on the number of claims.For a 30-year-old guardian enrolling a 1-year-old Maltese, the monthly premium for the same-day surgical and surgical hospitalization plans is in the 7,000 won range, while the plan that covers outpatient treatment is in the 30,000 won range.* This article has been translated by AI. 2026-07-30 09:20:00
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Samsung Securities: PUBG and Subnautica 2 Successes Highlight New Game Momentum Samsung Securities evaluated on July 30 that the growth potential of Krafton's Battlegrounds (PUBG) intellectual property (IP) has been confirmed. The firm maintained its target price of 320,000 won and an 'investment' recommendation.Analyst Oh Dong-hwan noted that Krafton recorded strong performance in the second quarter of this year, driven by solid growth in PC PUBG and the success of the new title Subnautica 2. Samsung Securities analyzed that Krafton's second-quarter revenue reached 1.29 trillion won, a 94.9% increase compared to the same period last year, while operating profit rose 67% to 410.9 billion won, exceeding market consensus by 7.5% and 9.6%, respectively.Subnautica 2 has sold approximately 6 million copies combined with its predecessor, generating 234.5 billion won in revenue. The revenue from PC PUBG also increased by 57% year-on-year, attributed to the release of two well-made modes and collaborations with IPs such as Stella Blade and aespa.Oh stated, "PUBG continues to show stable revenue growth through the release of various modes and IP collaborations," adding, "In the second half of the year, we expect continued revenue growth compared to last year with the additional release of two well-made modes, UGC updates, and various IP collaborations including animation, supercars, and idols."The momentum for new titles is also expected to intensify in the second half of the year. Oh mentioned, "Krafton plans to unveil five new titles at Gamescom in Germany this August," explaining that these new titles will be released sequentially from the fourth quarter of this year through 2027, driving further growth.He added, "The shooting game currently in development by PUBG Studio and the Eastern fantasy action RPG 'Tarae' are reported to be of high quality," and noted that anticipation is growing for 'Pale World Mobile,' which is scheduled for release in the first half of next year, based on the success of the PC original.* This article has been translated by AI. 2026-07-30 09:16:00
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Remove Items from Your Car Now: Heatwave Risks As a heatwave continues across the country, the interior of parked cars is becoming increasingly dangerous. Items that are usually left in vehicles can pose risks of fire or explosion when exposed to high temperatures.According to the Korea Meteorological Administration, temperatures nationwide are expected to remain above average for the time being. In particular, some areas of Busan and parts of Gyeongnam, including Yangsan, Changwon, Gimhae, and Miryang, are forecasted to experience a maximum perceived temperature of 38 degrees Celsius, with actual temperatures exceeding 39 degrees, prompting a heatwave warning.The temperature inside a car rises much faster and higher than the outside temperature. When the outside temperature exceeds 30 degrees Celsius, the interior can reach as high as 85 degrees.The first items to remove from your car should be disposable lighters and aerosol products like sprays. When exposed to high temperatures, the pressure inside these containers can increase or deform, leading to gas leaks and potential fires when they come into contact with ignition sources. This also applies to car air fresheners, insecticides, sunscreen sprays, and cooling sprays.Power banks are another significant risk. Lithium-ion batteries are sensitive to heat. Excessive temperatures can not only degrade battery performance but also increase the risk of fire in products with internal defects or damage.It is advisable not to leave electronic devices with lithium-ion batteries, such as smartphones and tablets, in a sunlit car for extended periods.Canned carbonated beverages also require caution. As temperatures rise, the pressure inside the can increases, which can lead to deformation or, in severe cases, rupture.In contrast, bottled water, often mentioned online, should be viewed differently than lighters or sprays. Water left in a hot car does not immediately turn into a 'toxic substance' or necessarily explode. However, PET bottles can degrade faster when exposed to high temperatures and UV light over time, making it unwise to use a hot car as a storage place.Particularly, if the water bottle has already been opened, it is better to avoid drinking it after it has been left in high temperatures for a long time. Microorganisms can enter during the opening process, and maintaining high temperatures does not provide a hygienic storage environment.Cosmetics and sunglasses are more at risk of 'degradation and damage' than fire. Leaving cosmetics in a hot car for extended periods can cause separation of ingredients or changes in color and scent. Heat-sensitive products like lipsticks or stick-type items may melt or deform. Glasses and sunglasses can also suffer damage to lens coatings or frames with repeated exposure to high temperatures. 2026-07-30 09:16:00
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HL Group Wins Two Awards at Social Eye Awards 2026 for Future Mobility Content HL Group has been recognized for its competitive content on future mobility technologies, including autonomous driving and software-defined vehicles (SDVs), at South Korea's premier social media awards ceremony.On July 30, HL Group announced that its official blog, HL Mobility Labs, won the Integrated Award in the corporate category at the 'Social Eye Awards 2026.'The Social Eye Awards is the largest ceremony in South Korea that selects outstanding branding cases based on social media. This year, 296 companies submitted entries across 338 social media channels.HL Group revamped its official blog in December 2022 to focus on content related to future mobility technologies, including autonomous driving, SDVs, and robotics. Since March, over 30 researchers from the auto sector, including HL Mando's Chief Technology Officer (CTO) Bae Hong-yong, have been directly involved in content creation to enhance expertise.Following this overhaul, the blog has recorded approximately 50,000 cumulative visitors, with traffic driven by generative artificial intelligence (AI) increasing by more than 90% compared to the same period last year. HL Group explained that this award reflects its competitiveness not only in search engine optimization (SEO) but also in the generative AI environment.HL Group's official Instagram account, @hl_world, also won the top award in the large enterprise category. The account received praise for its engaging content that presents technical information in an accessible manner and for its campaign featuring the brand advertisement 'Trust Me.' This year, the Instagram account surpassed 1 million cumulative views, with around 5,400 participants in a follower event.By winning both the blog Integrated Award and the Instagram award, HL Group achieved a remarkable feat of two awards in its first entry. This marks the third consecutive year that HL Group has achieved success at the Social Eye Awards, following wins in the previous two years. A representative from HL Group emphasized, 'We have indicated the direction for blogs in the era of generative AI, going beyond simple searches.'Meanwhile, HL Group is expanding its future mobility business, focusing on autonomous driving, SDVs, and robotic actuators, primarily through its automotive parts subsidiary, HL Mando.* This article has been translated by AI. 2026-07-30 09:12:00
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Gwangju Mayor Welcomes Designation of Military Airport Site as Semiconductor Industrial Complex The Ministry of Land, Infrastructure and Transport designated the Gwangju military airport site as a candidate for the Honam region's semiconductor national industrial complex on July 29. Gwangju Mayor Min Hyung-bae expressed his support for the decision.Mayor Min thanked the government and related agencies for their determination and stated that he would concentrate all efforts to ensure the successful implementation of this national project.In a press release, he described the designation of the military airport site as a historic starting point for establishing a new growth axis in South Korea's semiconductor industry.He emphasized that the Gwangju military airport site should be developed into a future-oriented advanced city that integrates production, research, corporate support, and residential functions. He pledged to create a unified team with the government, businesses, and related agencies to cultivate a new growth hub for the semiconductor industry.The Ministry of Land, Infrastructure and Transport, after deliberation and resolution by the Industrial Location Policy Review Committee, designated the Gwangju military airport site, covering 8,264 square meters (2.5 million square feet), as a candidate for the Honam region's semiconductor national industrial complex.They also stated that they would comprehensively review the necessity of establishing a national industrial complex and corporate investment demand, aiming to develop the site into a corporate-oriented advanced city linked with residential, educational, cultural, and transportation functions.Gwangju Metropolitan City plans to provide full administrative support to align with the investment schedules of companies like Samsung Electronics and SK Hynix, targeting the completion of semiconductor production facilities by June 2030.* This article has been translated by AI. 2026-07-30 09:12:00
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KakaoBank Provides 17 Billion Won in Loans to Small Businesses in Six Districts 카카오뱅크가 서울신용보증재단 및 마포구·서초구·성북구·송파구·양천구·은평구 등 6개 자치구와 '지역경제 밀착지원을 위한 특별출연 업무협약'을 체결한다고 30일 밝혔다.이번 협약은 지난 5월 카카오뱅크가 서울신용보증재단에 총 100억원을 특별출연한 데 이은 후속조치다. 카카오뱅크는 출연금의 절반인 50억원을 서울 25개 자치구와 연계한 '자치구 지역경제 밀착지원' 사업에 활용하기로 한 바 있다.이번 협업은 비대면 한계를 지역 공공기관과의 협업으로 보완하는 새로운 포용금융 모델로 주목된다. 협약에서는 카카오뱅크의 50억원 특별출연금에 자치구 추가 출연금을 더해 6개 지역 자치구에 약 170억원 규모의 대출을 지원한다. 해당 자치구에 위치한 소상공인이라면 최대 1억원까지 대출할 수 있으며 서울신보 영업점과 앱에서 신청 가능하다.카카오뱅크는 향후 서울 25개 모든 자치구와 협업을 확대한다는 목표다. 카카오뱅크와 서울신보는 '안심통장'·'신속드림' 등 다양한 상품을 통해 협력을 이어왔다. 2024년 이후 보증서대출 공급액은 현재까지 7000억원에 달한다. 카카오뱅크 관계자는 "서울 지역 소상공인에게 맞춤형 밀착 지원을 제공하고 금융 부담을 줄여드리기 위해 각 자치구들과 협약을 맺었다"며 포용금융 실천을 지속 확대하겠다고 밝혔다. 2026-07-30 09:08:00
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Hwang Jung-min Responds to Affair Allegations Amid Ongoing Legal Battle Actor Hwang Jung-min's agency has announced legal action against internet users claiming he had an affair, labeling them as "stalking offenders." A woman who made these allegations has since responded to Hwang's agency's rebuttal.On July 30, Hwang's agency, Sam Company, stated that the individual posting malicious content about Hwang is a "suspected stalking offender" who has persistently harassed him. The agency confirmed that Hwang has filed a criminal complaint against this individual, and the court has issued three temporary restraining orders against the suspect, recognizing the stalking allegations and imposing a fine of 3 million won.Sam Company added that they plan to take further legal action regarding the maliciously edited posts and expressed regret for any distress caused.The controversy surrounding Hwang's personal life began when an internet user, referred to as A, posted what is believed to be a conversation with Hwang from 2024. The post suggested that Hwang sent A a photo of himself and engaged in intimate dialogue.A claimed, "It's ridiculous that he portrays himself as a devoted husband while reading and writing adult novels with women behind the scenes. I can't stand it anymore. Hwang called me when his wife left home, asking me to come back." A also shared recorded phone conversations and demanded a response regarding the civil lawsuit for damages.While the veracity of A's claims has not been confirmed, A told Star News that Hwang's side has no choice but to label him as a "stalking offender" and confirmed that the fine of 3 million won is accurate, stating that they are currently disputing several cases in formal court.According to Star News, A claims to have grown close to Hwang over two years after their first meeting in August 2023, during which he alleges he received sexual remarks and business partnership proposals. However, contact ceased in May of the previous year, and on August 1, A sent emails to overseas production companies detailing his relationship with Hwang, which led to Hwang filing a stalking complaint against him.In February, the court issued a summary order imposing a fine of 3 million won on A, who has since appealed for a formal trial.A is also pursuing a damages lawsuit against Hwang for 200 million won, claiming that Hwang unilaterally terminated business and creative proposals based on their personal relationship.Meanwhile, Hwang has continued to fulfill his scheduled appearances, including attending a promotional event for the film 'Hope' as planned.Currently, Hwang Jung-min is married to producer Kim Mi-hye, with whom he has a son and a daughter. 2026-07-30 09:08:00
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Trump Reviews AI Regulations Amid Competition with China President Donald Trump is reviewing regulations for artificial intelligence (AI) following a hacking incident involving OpenAI's advanced models. However, he has cautioned against excessive regulations that could hinder the U.S. in its technological competition with China.On July 29, during a press briefing at the White House, Trump responded to questions about the hacking incident, stating, "We are reviewing regulatory measures." He added, "At the same time, we are ensuring that the U.S. maintains its lead. The U.S. is significantly ahead of China in the AI sector, where there are virtually no regulations in place."Trump emphasized the need for a balanced approach, saying, "AI development is somewhat unregulated, so we must be cautious on both sides. I do not want to see a situation where we regulate businesses and suddenly find ourselves in second place behind China." This highlights the importance of considering both safety regulations for AI and maintaining industrial competitiveness in the face of technological rivalry with China.He further stated, "The side that wins the AI competition will ultimately be the victor," asserting that AI will bring about changes even greater than those seen with the internet and is more important than any technology that has emerged to date.Trump noted, "I know many people in this field, and I do not want to hinder their ability to achieve great things in the U.S."Last week, OpenAI revealed that two of its advanced models had breached a closed testing environment and infiltrated the system of the AI developer platform Hugging Face. According to an analysis released by Hugging Face on July 28, the models conducted 17,600 hacking attempts online between July 9 and 13.* This article has been translated by AI. 2026-07-30 09:08:00