[편집국 종합] Continuing from last week, this is another week when major companies report their earnings. The three mobile communications companies are announcing their first quarter earnings in a row, and Kakao is scheduled to announce its earnings on the 9th. Earnings announcements from distribution companies such as Shinsegae, GS Retail, Lotte Shopping, Hyundai Department Store, and CJ Freshway are also of interest.
As the performance of the distribution industry is a barometer of the domestic domestic market, it is not limited to the distribution market but is expected to be an indicator of the direction in which domestic consumer sentiment will develop.
As May approaches, new vibrancy is expected throughout the industry. Companies often get information through various events and happenings to look for new opportunities and adopt innovative strategies. This year, as the development of digital technology and artificial intelligence permeates various industrial fields, events and related events are actively being held.
Firstly <디지털데일리가> hosted by [AI WAVE 2024]will be held on May 9th at the Sapphire Ballroom of Lotte Hotel in Sogong-dong, Seoul. The theme of this event is ‘AI Innovation and Challenges by Industry’, and will cover in detail the impact of artificial intelligence technology on various industrial areas and the resulting market changes.
Artificial intelligence is no longer a story of the distant future. The innovative application of AI in a variety of areas, from software to home appliances to semiconductors, is fundamentally changing the way businesses operate, and this conference focuses on helping you understand the cutting edge of that change.
This event attracts attention as it aims to present the latest AI technology trends and present specific examples of how AI is being applied by industry. Starting with the AI industry development strategy of the Ministry of Science and ICT, industry-specific AI introduction strategies and success stories of major technology companies such as LG, SK Telecom, MS, IBM, Nexon, and Hyundai Autoever will be shared.
It is expected that participants will be able to receive instruction on how to effectively introduce and use AI in their business. especially [AI WAVE 2024]plans to leverage the full potential of AI technology to improve competitiveness and provide strategic insights to seize future opportunities. Through this event, it is expected that you will be able to experience the new business paradigm that AI will introduce and gain the necessary information to establish a future company strategy.
In addition, the cybersecurity exhibition ‘RSA Conference (RSAC)’ will be held in San Francisco, USA from the 6th to the 9th (local time), and Red Hat will host the ‘Red Hat Summit’ at the Colorado Convention Center in Denver. , USA from the 6th to the 9th (local time) 2024′.
◆ The three telecommunications companies announce their first quarter results… Will the operating profit exceed 1.2 trillion won?The three mobile telecommunications companies will announce their first quarter performance this year consecutively. Starting with SK Telecom on the 8th, LG U+ and KT are also scheduled to announce first quarter earnings on the 9th and 10th, respectively. The securities industry predicts that the combined operating profit of the three telecommunications companies in the first quarter will reach 1.2 trillion won. This is an increase of around 0.6% compared to the same period last year.
◆Kakao 2024= first quarter performance announcementKakao’s 2024 first quarter performance will be announced on the 9th. On this day, CEO Chung Shin-ah and Financial Performance Leader Choi Hye-ryeong will attend a conference call and receive questions from analysts. Like Naver, Kakao is also expected to deliver a good performance thanks to the recovery of advertising sales and the growth of its core business, commerce. According to financial information company FnGuide, Kakao’s sales in the first quarter of this year are expected to be KRW 1.9775 trillion and operating profit to be KRW 122.4 billion. This is an increase of 13.63% and 72.15%, respectively, compared to the same period last year.
◆AI innovation that creates opportunities and challenges, held ‘AI Wave’ 9 days ago to deal with industry issues =As generative artificial intelligence (AI) rapidly emerges as a mega-trend encompassing all industries, <디지털데일리>is holding an ‘AI Wave 2024’ conference on the 9th at Lotte Hotel Seoul, Jung-gu, Seoul, with the theme of AI innovation and challenges from industry. We plan to look at how productive AI is changing the way companies operate, including data analysis, automating decision-making processes, and improving user experience, the ripple effects it will have on all industries, and future strategies in based on this.
Starting with Eom Yeol, Director of AI Policy at the Ministry of Science and ICT, announcing this year’s government AI policy direction, LG AI Research Institute, IBM Korea, Dinodo Korea, UiPath, Douzone Bizon, Polaris Office, Maymust, Olive Networks, and the cases and concerns of Korea Micro Innovation in all fields will be presented, including Soft (MS), Clucus, Eastsoft, Hyundai Autoever, SK Telecom, Nexon, Shin & Kim Law Firm, and Korea Post.
◆ Shinsegae announces the performance of the first quarter of 2024 on the 8th =Shinsegae is expected to report a good performance for the first quarter of 2024 on the 8th. According to financial information company FnGuide, Shinsegae’s first quarter sales and operating profit are expected to be 1.6281 trillion won and 162.7 billion won, respectively. This is an increase of 4.1% and 6.8%, respectively, compared to the previous year. During the first quarter of this year, Shinsegae is believed to have performed well in all business divisions despite an unfavorable business environment.
◆ GS Retail, Lotte Shopping, Hyundai Department Store, and CJ Freshway announced their 2024 first quarter earnings on the 9th =From GS Retail to CJ Freshway, they will announce their 2024 first quarter performance on the 9th. First, GS Retail and Lotte Shopping are expected to show good performance. The sales consensus for the first quarter is expected to be KRW 2.822 trillion, up 4.51% from the same period last year, and the operating profit is expected to be KRW 64 billion, up 37.34%.
Lotte Shopping is expected to record sales of 3.6542 trillion won and operating profit of 123.9 billion won in the first quarter of this year. Compared to the same period last year, sales (KRW 3.5616 trillion) increased by 2.6% and operating profit (KRW 112.5 billion) increased by 10.1%. Even in a situation where the offline distribution industry is slow, profits and losses in all business sectors are expected to improve thanks to a management strategy focused on profitability. In the case of Hyundai Department Store, first quarter sales are expected to be similar to last year. Although it will decrease by 0.6% from the same period last year to KRW 1.0909 trillion in the first quarter of this year, operating profit is expected to increase by 9.5% to KRW 85.3 billion.
◆Coway reveals provisional performance for the first quarter on the 10th =Coway will announce its interim performance for the first quarter of this year on the 10th. Coway recorded sales of 1.044 trillion won in the fourth quarter of last year, exceeding 1 trillion won in sales for three consecutive quarters. Operating profit recorded 166.2 billion won. However, last year’s total sales were 3.9665 trillion won, falling short of the 4 trillion won goal. The consensus of Coway’s performance for this first quarter is KRW 1.056 trillion in sales and KRW 182.7 billion in operating profit. Attention is paid to the first quarter performance of Coway, which aims to achieve annual sales exceeding 4 trillion won this year.
◆Apple releases a new iPad =The new iPad model is expected to be released on the 7th. According to the DSCC report, the iPad Pro model is expected to have the best organic light emitting diode (OLED) panel in existence. In addition, we intend to provide an ‘ultra-thin and light display’ that supports high brightness, longer battery usage time, and long battery life through ▲low temperature polycrystalline oxide (LTPO) with higher power efficiency ▲120Hz screen refresh rate ▲ tantum stack and ultra-thin glass technology.
◆Stage X, 4th mobile carrier business in full swing… 1st frequency payment on the 7th =StageX will pay the first 10% payment for the 5G 28GHz frequency band on the 7th. Platform Platform
◆The world’s largest cyber security exhibition ‘RSAC 2024’ opens=The cyber security exhibition ‘RSA Conference (RSAC)’ will be held in San Francisco, USA from the 6th (local time) of this month to the 9th. This year’s theme is ‘The Art of the Possible’, and many global companies expanding their overseas business strategies will be taking part. Domestic companies also made business trips to the region. The Korean Information Security Industry Association (KISIA) has prepared a Korean pavilion. Participating in the Korean pavilion are MarkAny, Stealth Solution, ICTK, SSNC, Air Cube, F1 Security, GN, Theory Korea, and Private Technology.
◆The Red Hat Summit 2024= was heldRed Hat, a global open source solutions company, will hold ‘Red Hat Summit 2024’ at the Colorado Convention Center in Denver, USA from the 6th to the 9th (local time). Founded as a venue to share ideas and innovations related to the IT enterprise, the Red Hat Summit is discussing artificial intelligence (AI), open cloud technology, and digital innovation under this year’s theme ‘Unlocking What’s Next’ . Red Hat executives, including CEO Matt Hicks, will share their vision through a keynote address and hold sessions with customers and partners. On-site demonstrations, demonstrations, and technology exhibitions from various fields will also be held.
◆Oracle, what is the 23c implementation strategy of the database (DB) in the AI era?=Combining business data and semantic data is a critical element for companies to implement AI solutions. Oracle will host a DB 23c AI online media briefing on the 9th. In today’s briefing, Oracle plans to introduce new news regarding a converged DB that supports all types of data and workloads based on AI technology.
◆ Policy direction for desirable AI… A seminar hosted by the Digital Industry Policy Research Institute was held on the 8th.= As the spread of generative artificial intelligence (AI) gradually spreads, concerns about side effects are also growing. There are also concerns about significant side effects. Accordingly, the Digital Industry Policy Research Institute will hold a seminar on ‘Policy directions for desirable use of AI in the era of AI-based productive economy’ at the Korea Press Center in Jung-gu, Seoul on the 8th. A comprehensive discussion is held after presentations on topics such as the current status and implications of AI policy implementation in major countries and reasonable policy directions for the use of AI platforms. Kwang Dong-gyun, director of the Institute for Information and Communication Policy (IITP), director of Naver Ji-yoon Son, Seoul National University of Science and Technology (IT) Policy Graduate School of Information Technology (IT) Professor Kim Hyun-kyung, and the School of Korea University Law Professor Lee Hee-jung to participate.
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