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KDB Industrial Bank Faces Audit Over Billions in Losses and Unfair Transactions
Reporter Paul Lee 2025.03.07
[Alpha Biz= Paul Lee] The Board of Audit and Inspection (BAI) has revealed that Korea Development Bank (KDB) suffered a $61.34 mil ...

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Two Financial Supervisory Service Employees Rejoin Bithumb as Executives
Reporter Paul Lee 2025.03.07
[Alpha Biz= Paul Lee] Two mid-level employees (Grade 3) from the Financial Supervisory Service (FSS) have rejoined the domestic cr ...

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MBK in Talks to Acquire CJ CheilJedang’s Bio Division
Reporter Kim Jisun 2025.03.07
[Alpha Biz= Kim Jisun] Private equity firm MBK Partners is in negotiations with CJ CheilJedang for the acquisition of its bio divi ...

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Court Temporarily Suspends Regulatory Action Against Upbit’s Operations
Reporter Paul Lee 2025.03.07
[Alpha Biz= Paul Lee] Financial authorities' regulatory action against the cryptocurrency exchange Upbit, which includes a three-m ...

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Meritz Financial Group Chairman Cho Jung-ho Surpasses Samsung’s Lee Jae-yong to Become Korea’s Wealthiest Stockholder
Reporter Kim Jisun 2025.03.07
[Alpha Biz= Paul Lee] Cho Jung-ho, chairman of Meritz Financial Group, has overtaken Samsung Electronics chairman Lee Jae-yong to ...

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LS Cable Supplies $25 Million Worth of Aluminum Power Cables to U.S. Solar EPC Company
Reporter Paul Lee 2025.03.07
[Alpha Biz= Paul Lee] LS Cable & System and LS Eco Energy announced on Thursday that they will supply $25 million (approximate ...

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Oasis Signs Conditional Investment Agreement to Acquire TMON
Reporter Kim Jisun 2025.03.07
[Alpha Biz= Kim Jisun] South Korean fresh food overnight delivery company Oasis has signed a conditional investment agreement toda ...

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S&P Downgrades Credit Rating Outlook for POSCO Holdings, POSCO, and POSCO International to 'Negative'
Reporter Kim Jisun 2025.03.07
[Alpha Biz= Kim Jisun] Global credit rating agency S&P announced on Thursday that it has revised the credit rating outlook for ...

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Homeplus Enters Court-Managed Restructuring, Putting National Pension Fund at Risk of 1 Trillion KRW Loss
Reporter Kim Jisun 2025.03.07
[Alpha Biz= Kim Jisun] As Homeplus initiates corporate rehabilitation proceedings, the National Pension Service (NPS) faces a pote ...

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Lotte Chemical Secures 650 Billion KRW Through PRS Deal on Indonesian Subsidiary
Reporter Kim Jisun 2025.03.07
[Alpha Biz= Kim Jisun] Lotte Chemical has signed a Price Return Swap (PRS) agreement on a portion of its Indonesian subsidiary sha ...

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Naver Faces Backlash Over Unexpected Ad Restrictions on AI Startups
Reporter Kim Jisun 2025.03.07
[Alpha Biz= Kim Jisun] Naver is facing controversy for blocking advertisements from AI startups, citing competition concerns. Crit ...

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Lotte Chairman Shin Dong-bin to Step Down from Lotte Chilsung Beverage Board
Reporter Paul Lee 2025.03.06
[Alpha Biz= Paul Lee] Lotte Group Chairman Shin Dong-bin will step down from his position on the board of directors of Lotte Chils ...

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Kumyang Shares Plummet After Trading Suspension Lifted Amid Regulatory Issues
Reporter Paul Lee 2025.03.06
[Alpha Biz= Paul Lee] Shares of Kumyang are plummeting after the lifting of its trading suspension, following its designation as a ...

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WEMIX Faces Delisting Risk Again After $6.7M Hack
Reporter Kim Jisun 2025.03.06
[Alpha Biz= Kim Jisun] South Korean game company Wemade’s cryptocurrency, WEMIX, is once again facing the risk of delisting after ...

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Hanmi Pharmaceutical Group Strengthens Governance with New Board Candidates
Reporter Kim Jisun 2025.03.06
[Alpha Biz= Kim Jisun] Hanmi Science, the holding company of Hanmi Pharmaceutical Group, and its core business entity, Hanmi Pharm ...

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KakaoBank to Replace Two Board Members and Increase Outside Directors at Upcoming AGM
Reporter Paul Lee 2025.03.06
[Alpha Biz= Paul Lee] KakaoBank will replace two of its board members and increase the number of outside directors at its Annual G ...

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Mirae Asset Securities Faces Issues After Stock Trading System Overhaul
Reporter Paul Lee 2025.03.06
[Alpha Biz= Paul Lee] Mirae Asset Securities has encountered issues with its stock trading systems following a recent overhaul, ca ...

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Financial Supervisory Service Confirms 10 Billion KRW Profit from Stock Manipulation Allegations in Sambo Engineering
Reporter Paul Lee 2025.03.06
[Alpha Biz= Paul Lee] The Financial Supervisory Service (FSS) has confirmed that the major shareholders and executives of Sambo En ...

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Financial Supervisory Service Begins On-Site Inspection of Coinone
Reporter Paul Lee 2025.03.06
[Alpha Biz= Paul Lee] The Financial Supervisory Service (FSS) has launched an on-site inspection of Coinone, the third-largest cry ...

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Youngpoong Seokpo Smelter Faces Additional 10-Day Suspension for Environmental Violations
Reporter Kim Jisun 2025.03.06
[Alpha Biz= Kim Jisun] Youngpoong's Seokpo Smelter is set to halt operations for an additional 10 days due to violations of enviro ...

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