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Hansei Industrial Acquires U.S. Textile Manufacturer Texollini
Reporter Kim Jisun 2024.09.25
[Alpha Biz= Reporter Kim Jisun] Hansei Industrial announced on the 24th that it has acquired Texollini, a leading U.S. textile man ...

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National Pension Service Files 510 Million Won Lawsuit Against Samsung Officials Over Merger Losses
Reporter Kim Jisun 2024.09.25
[Alpha Biz= Reporter Kim Jisun] The National Pension Service (NPS) has filed a lawsuit seeking damages against Samsung C&T and ...

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Prosecutors Receive Complaint on Allegations of Former President Roh Tae-woo's 30 Billion Won Slush Fund
Reporter Kim Jisun 2024.09.25
[Alpha Biz= Reporter Kim Jisun] The prosecution is considering an investigation into former President Roh Tae-woo's alleged slush ...

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5G Unlimited Data Plan Subscribers Decrease as Telecoms Revamp Pricing
Reporter Kim Jisun 2024.09.25
[Alpha Biz= Reporter Kim Jisun] As South Korean telecom companies have restructured their 5G plans, the number of subscribers to u ...

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Samsung Develops World's First 8th-Generation V-NAND-Based Automotive SSD
Reporter Kim Jisun 2024.09.25
[Alpha Biz= Reporter Kim Jisun] Samsung Electronics has announced the industry's first solid-state drive (SSD) optimized for auton ...

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57-Minute Outage Hits Naver Cafe, Service Now Fully Restored
Reporter Kim Jisun 2024.09.25
[Alpha Biz= Reporter Kim Jisun] An issue occurred with Naver Cafe's service on the 24th.According to Naver, from 3:54 PM to 4:51 P ...

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Lotte Moolsan Participates in Lotte REITs’ Capital Increase of 67 Billion Won
Reporter Kim SangJin 2024.09.25
[Alpha Biz= Reporter Kim Sangjin] Lotte Moolsan announced on the 24th that it will participate in a capital increase being conduct ...

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Nippon Steel to Sell Entire Stake in POSCO Holdings for 1.1 Trillion Won Amid Potential US Steel Acquisition
Reporter Kim Jisun 2024.09.24
[Alpha Biz= Reporter Kim Jisun] Nippon Steel announced its decision to sell its entire stake in POSCO Holdings (3.42%, or 2,894,71 ...

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Moody's Downgrades Korea Investment & Securities' Credit Rating Outlook from 'Stable' to 'Negative' Amid Real Estate PF Funding Risks
Reporter Kim SangJin 2024.09.24
[Alpha Biz= Reporter Kim Sangjin] Moody's has downgraded the credit rating outlook of Korea Investment & Securities from 'Stab ...

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Korea Electric Power Corporation Shares Plunge 8% Following Q4 Electricity Rate Freeze
Reporter Kim SangJin 2024.09.24
[Alpha Biz= Reporter Kim Sangjin] Korea Electric Power Corporation (KEPCO) saw its shares drop sharply by 8.43% to close at 20,100 ...

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Financial Supervisory Service Fines DB Insurance 200 Million Won for Excessive Premium Calculations
Reporter Kim SangJin 2024.09.24
[Alpha Biz= Reporter Kim Sangjin] The Financial Supervisory Service (FSS) has imposed a fine of 200 million won on DB Insurance fo ...

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Nice Credit Rating Agency: Credit Pressure to Increase for Capital Companies Post-Real Estate PF Assessment
Reporter Kim SangJin 2024.09.24
[Alpha Biz= Reporter Kim Sangjin] Nice Credit Rating Agency has forecasted that, following the strengthening of criteria for asses ...

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Financial Supervisory Service to Begin Preliminary Inspection of Woori Financial Group and Woori Bank Over Improper Loans
Reporter Kim SangJin 2024.09.24
[Alpha Biz= Reporter Kim Sangjin] The Financial Supervisory Service (FSS) is set to conduct a preliminary inspection of Woori Fina ...

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Naver to Establish Regional Headquarters in Saudi Arabia for Middle East Operations
Reporter Kim SangJin 2024.09.24
[Alpha Biz= Reporter Kim Sangjin] Naver is taking steps to establish a regional headquarters, tentatively named NAVER Arabia, in S ...

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Concerns Raised by 80 Clients of Korea Zinc over Hostile M&A by MBK Partners and Youngpoong
Reporter Kim SangJin 2024.09.24
[Alpha Biz= Reporter Kim Sangjin] Hankook & Company, Husteel, and over 80 clients of Korea Zinc, including the Korea Gold Exch ...

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POSCO Holdings Secures ₩1 Trillion Financial Support from Woori Bank for Battery Material Investments
Reporter Kim Jisun 2024.09.24
[Alpha Biz= Reporter Kim Jisun] POSCO Holdings has announced that it will receive ₩1 trillion in financial support from Woori Bank ...

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Hanssem to Receive Payment for Sale of Sangam Office Building from Gravity Asset Management
Reporter Kim Jisun 2024.09.24
[Alpha Biz= Reporter Kim Jisun] Hanssem is set to receive the payment for the sale of its office building located at 179 Seongam-r ...

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GC Biopharma's 'GCFLU' Wins All Thai Flu Vaccine Bids for Two Consecutive Years
Reporter Kim Jisun 2024.09.24
[Alpha Biz= Reporter Kim Jisun] GC Biopharma announced on the 23rd that its flu vaccine, 'GCFLU,' has secured all bid volumes in T ...

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Samsung Display to Invest an Additional 2.4 Trillion KRW in Vietnam to Strengthen OLED Production
Reporter Kim Jisun 2024.09.24
[Alpha Biz= Reporter Kim Jisun] Samsung Display is planning to invest $1.8 billion (approximately 2.4 trillion KRW) to expand its ...

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Kolon Industries to Merge and Absorb Kolon Glotech's Automotive Materials Business
Reporter Kim Jisun 2024.09.24
[Alpha Biz= Reporter Kim Jisun] Kolon Industries is set to merge with and absorb Kolon Glotech's automotive materials and componen ...