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Mirae Asset Life has once again postponed its 'MyData' project, citing ongoing issues related to its major shareholders for the past two years.
Reporter Kim SangJin 2024.07.04
[Alpha Biz= Reporter Kim Sangjin] Mirae Asset Life's entry into the personal credit information management business (MyData) has b ...

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BNK Kyongnam Bank, which faced a embezzlement incident totaling 300 billion KRW last year, has decided to reclaim performance bonuses paid to employees.
Reporter Kim SangJin 2024.07.04
[Alpha Biz= Reporter Kim Sangjin] According to financial sources on the 3rd, BNK Kyongnam Bank convened its board of directors on ...

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"UBS fined 27.1 billion KRW for illegal short selling."
Reporter Kim SangJin 2024.07.04
[Alpha Biz= Reporter Kim Sangjin] The government has imposed fines exceeding 27.1 billion KRW on two former Credit Suisse subsidia ...

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Be cautious of illegal scam sites impersonating EcoPro.
Reporter Kim Jisun 2024.07.04
[Alpha Biz= Reporter Kim Jisun] EcoPro has issued a warning about an illegal scam site impersonating "EcoPro Supply Application," ...

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GS Construction's Top Management Meets with Vietnamese Prime Minister
Reporter Kim Jisun 2024.07.04
[Alpha Biz= Reporter Kim Jisun] On the 3rd, GS Construction's top executives including President Heo Yun-hong, Advisor Heo Myung-s ...

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Oasis Pushes for Acquisition of 11th St
Reporter Kim Jisun 2024.07.04
[Alpha Biz= Reporter Kim Jisun] According to industry sources on the 3rd, Oasis has sent a letter of intent to Nile Holdings Conso ...

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SK in Talks to Divest Stake in Joint Venture 'UT' with Uber
Reporter Kim Jisun 2024.07.04
[Alpha Biz= Reporter Kim Jisun] Claims have surfaced that SK may completely exit the taxi business it has been operating for the p ...

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Hanmi Pharmaceutical's Management Dispute Resurfaces
Reporter Kim Jisun 2024.07.04
[Alpha Biz= Reporter Kim Jisun] Chairwoman Song Yeong-sook and Vice Chairwoman Lim Ju-hyun of Hanmi Pharmaceutical Group have alli ...

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LG Electronics Acquires European Smart Home Platform Company 'Athom'
Reporter Kim Jisun 2024.07.04
[Alpha Biz= Reporter Kim Jisun] Electronics has acquired the European smart home platform company Athom. LG announced on the 3rd t ...

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Young Poong Sues Korea Zinc Over Refusal to Renew Sulfuric Acid Handling Contract
Reporter Kim Jisun 2024.07.04
[Alpha Biz= Reporter Kim Jisun] As Korea Zinc ceased handling sulfuric acid for Young Poong amidst a management dispute, Young Poo ...

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POSCO Group's "2030 Vision," released on the 2nd, includes plans for improving its corporate governance structure.
Reporter Kim SangJin 2024.07.03
[Alpha Biz= Reporter Kim Jisun] POSCO Group's "2030 Vision," released on the 2nd, includes plans for improving its corporate gover ...

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LG Energy Solution will supply LFP batteries for 590,000 electric vehicles to Renault, France's largest automobile manufacturer.
Reporter Kim Jisun 2024.07.03
[Alpha Biz= Reporter Kim Jisun] LG Energy Solution will supply LFP batteries for 590,000 electric vehicles to Renault, France's l ...

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Private equity firm MBK Partners has acquired Japan's Alinamin Pharmaceutical for 2.9 trillion KRW.
Reporter Kim Jisun 2024.07.03
[Alpha Biz= Reporter Kim Jisun] South Korean private equity firm MBK Partners will acquire Japan's well-known pharmaceutical compa ...

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Chey Tae-won's side applied for a divorce confirmation certificate, but the court rejected the application.
Reporter Kim Jisun 2024.07.03
[Alpha Biz= Reporter Kim Jisun] Chey Tae-won, Chairman of SK Group, applied for a divorce confirmation certificate with Noh Soo-yo ...

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LS Cable & System has secured its first submarine cable supply contract on the West Coast of the United States.
Reporter Kim Jisun 2024.07.03
[Alpha Biz= Reporter Kim Jisun] LS Cable & System announced on the 2nd that it has signed a contract worth 100 billion KRW wit ...

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Naver CEO Soo-Yeon Choi stated, "We will not sell our stake related to Line in the short term."
Reporter Kim Jisun 2024.07.03
[Alpha Biz= Reporter Kim Jisun] Naver CEO Soo-Yeon Choi stated on the 2nd that the company would not sell its stake related to Lin ...

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"Hyundai Motor's Indian subsidiary to raise up to 4.8 trillion won through IPO, marking India's largest."
Kim Minyoung 2024.07.03
[Alpha Biz= Reporter Kim Minyoung] Hyundai Motor's Indian subsidiary is set to raise up to $3.5 billion (approximately 4.85 trilli ...

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Lee Kuk-hwan, CEO of Woowa Bros, which runs Baedal Minjok, resigned.
Reporter Kim Jisun 2024.07.03
[Alpha Biz= Reporter Kim Jisun] Woowa Bros announced on the 2nd that CEO Lee resigned for personal reasons. CEO Lee has been in of ...

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Hanwha Securities has lowered Hyundai Engineering & Construction's target stock price from 45,000 KRW to 40,000 KRW.
Kim Minyoung 2024.07.03
[Alpha Biz= Reporter Kim Minyoung] Hana Securities lowered Hyundai Construction's target price from 45,000 to 40,000 Korean won on ...

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The National Pension Service's stake in E-Mart has decreased to 5.89%, while its stake in Shinsegae remains in the 10% range.
Reporter Kim SangJin 2024.07.03
[Alpha Biz= Reporter Kim Sangjin] E-Mart announced that the National Pension Service's stake in the company has decreased from 7.9 ...