Samsung Profit Soars 1,800% on AI Boom

Samsung Electronics projected record second-quarter earnings with an operating profit of 89.4 trillion won, a 1,810 percent surge from a year earlier.

The company's revenue was estimated at 171 trillion won, driven by runaway demand for AI-related memory chips.

However, Seoul shares plummeted nearly 5 percent as technology stocks extended losses after the release.

Analysts warn that the AI boom's sustainability faces scrutiny, with South Korea's concentrated market serving as a canary in the coalmine.