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Korea’s National Tax Service Temporarily Suspends Lotte Card Payments Following Data Breach
Paul Lee 특파원 2025.09.23
[Alpha Biz= Paul Lee] Seoul, September 22, 2025 – The National Tax Service (NTS) has temporarily suspended the use of Lotte Card f ...

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Jeju Construction Industry Faces Wave of Closures Amid Rising Costs and Declining Orders
Paul Lee 특파원 2025.09.22
[Alpha Biz= Paul Lee] Jeju, September 2025 – A growing number of construction firms in Jeju are shutting down operations as unsold ...

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Former Samsung Chairman Lee Kun-hee’s Itaewon Residence Sold to Young Entrepreneur for KRW 22.8 Billion
Paul Lee 특파원 2025.09.18
[Alpha Biz= Paul Lee] SEOUL, Sept. 17 — The Itaewon-dong residence once owned by the late Samsung Chairman Lee Kun-hee has been so ...

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Nine in Ten Korean SMEs Hiring Foreign Workers Due to Difficulty Recruiting Domestic Employees
Kim Jisun 2025.09.17
[Alpha Biz= Kim Jisun] Seoul, September 16, 2025 — A new survey shows that nine out of ten small and medium-sized enterprises (SME ...

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IMF Cancels Visit to Korea’s Financial Supervisory Service Amid Restructuring Debate
Paul Lee 특파원 2025.09.12
[Alpha Biz= Paul Lee] The International Monetary Fund (IMF) has canceled its planned September 12 visit to the Financial Superviso ...

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Voice Phishing Ring Caught Impersonating Asset Manager to Target FSS Portal
Paul Lee 특파원 2025.09.11
[Alpha Biz= Paul Lee] Seoul, South Korea – The Financial Supervisory Service (FSS) has referred a suspected voice phishing ring to ...

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Former Korea Institute of Materials Science Employee Under Investigation for Corporate Card Misuse
Kim Jisun 2025.09.10
[Alpha Biz= Kim Jisun] Changwon – Police have launched an investigation into a former employee of the Korea Institute of Materials ...

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GH Executive Caught Misusing Corporate Vehicle and Violating Work Rules; Disciplinary Action Recommended
Kim Jisun 2025.09.09
[Alpha Biz= Kim Jisun] Seoul – An executive at Gyeonggi Housing & Urban Development Corporation (GH) has been found to have en ...

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South Korea to Abolish Financial Services Commission After 17 Years, Reinstating Financial Supervisory Commission Structure
Paul Lee 특파원 2025.09.08
[Alpha Biz= Paul Lee] Seoul – The South Korean government announced a sweeping financial regulatory overhaul that will abolish the ...

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KKR Completes Acquisition of Korean Cosmetics Packaging Leader Samhwa
Paul Lee 특파원 2025.09.05
[Alpha Biz= Paul Lee] Seoul – Global private equity firm Kohlberg Kravis Roberts & Co. (KKR) announced on September 4 that it ...

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FSC Files Criminal Complaints and Imposes First-Ever Fines for Unfair Trading in Virtual Asset Market
Paul Lee 특파원 2025.09.04
[Alpha Biz= Paul Lee] SEOUL, Sept. 3, 2024 – The Financial Services Commission (FSC) announced that it has referred multiple indiv ...

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Hidden Financial Assets in Dormant Accounts Reach KRW 18.4 Trillion, Yet Only 29% Claimed
Paul Lee 특파원 2025.09.03
[Alpha Biz= Paul Lee] SEOUL, South Korea – (Dec. 2, 2025) – The Financial Supervisory Service (FSS) announced today that the value ...

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KCC Probes “Smart Workbook” Providers Over Excessive Early-Termination Penalties
Kim Jisun 2025.09.01
[Alpha Biz= Kim Jisun] Seoul, August 31, 2025 — South Korea’s Korea Communications Commission (KCC) has launched a fact-finding in ...

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South Korea to Raise National Health Insurance Premium Rate to 7.19% in 2026
Kim Jisun 2025.08.29
[Alpha Biz= Kim Jisun] Seoul, August 28, 2025 — South Korea will raise its National Health Insurance (NHI) premium rate by 1.48% t ...

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Seoul Apartment Prices Fall Below KRW 1 Billion for First Time in Over Two Years
Paul Lee 특파원 2025.08.28
[Alpha Biz= Paul Lee] Seoul, August 27, 2025 — The average transaction price of apartments in Seoul has dropped below KRW 1 billio ...

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Petrochemical Companies Confront Rising Debt Pressures from Foreign Lenders
Paul Lee 특파원 2025.08.26
[Alpha Biz= Paul Lee] Seoul, August 26, 2025 — South Korea’s petrochemical industry, which recently announced plans to scale back ...

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Survey Reveals 8 in 10 Koreans Favor Freezing or Lowering 2026 National Health Insurance Premium Rates
Kim Jisun 2025.08.26
[Alpha Biz= Kim Jisun] SEOUL, August 25, 2025 — A recent survey shows that the vast majority of Koreans prefer freezing or reducin ...

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South Korea’s Steel and EV Exports to U.S. Plunge Amid Tariff Hike
Kim Jisun 2025.08.25
[Alpha Biz= Kim Jisun] Seoul, August 24, 2025 – South Korea’s exports of steel and electric vehicles (EVs) to the United States co ...

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Korea Post to Suspend U.S.-Bound International Mail Services from August 25 Following U.S. Tariff Policy Change
Kim Jisun 2025.08.22
[Alpha Biz= Kim Jisun] SEOUL, Aug. 21 — Korea Post announced today that it will suspend acceptance of international mail bound for ...

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Polarization Deepens in Korean Hotel Market as Seoul Properties Thrive, Regional Hotels Struggle
Paul Lee 특파원 2025.08.21
[Alpha Biz= Paul Lee] SEOUL, Aug. 20 — The Korean hotel market is showing growing signs of polarization, with Seoul hotels benefit ...