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Woori Bank is entering the Mobile Virtual Network Operator (MVNO) market and will utilize LG U+'s network.
Reporter Kim Jisun 2024.05.30
[Alpha Biz= Reporter Kim Jisun] Woori Bank, gearing up to enter the Mobile Virtual Network Operator (MVNO) market, has chosen LG U ...

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The Financial Services Commission (FSC) has decided to impose a fine of 1.5 billion Korean won on Osstem Implant for violating accounting standards.
Reporter Kim Jisun 2024.05.30
[Alpha Biz= Reporter Kim Jisun] On the 29th, the Financial Services Commission decided to impose a fine of 1.4929 billion won on O ...

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SK Ecoplant is planning to sell its stake in a U.S. battery recycling company it invested in two years ago.
Reporter Kim Jisun 2024.05.30
[Alpha Biz= Reporter Kim Jisun] SK Ecoplant is planning to sell its stake in the U.S. battery recycling company Ascend Elements, w ...

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Two employees at Samsung Electronics' Giheung plant have been exposed to radiation.
Reporter Kim Jisun 2024.05.30
[Alpha Biz= Reporter Kim Jisun] Two employees at Samsung Electronics' Giheung plant were exposed to radiation during work.The Nucl ...

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Samsung Electronics' labor union has announced plans for its first-ever strike
Reporter Kim Jisun 2024.05.30
[Alpha Biz= Reporter Kim Jisun] On the 29th, the National Samsung Electronics Labor Union, the largest union within Samsung Electr ...

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Hyundai Motor has recruited a former Porsche executive as its vice president to oversee Genesis and performance development.
Kim Minyoung 2024.05.29
[Alpha Biz= Reporter Kim Minyoung] Hyundai Motor Group announced on the 28th that it has established a new division called "Genesi ...

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Korea Ratings has downgraded OK Savings Bank's credit rating to 'BBB'.
Kim Minyoung 2024.05.29
[Alpha Biz= Reporter Kim Minyoung] Korea Ratings has announced on the 28th that it has adjusted the corporate credit rating of OK ...

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The term of office for the heads of the top five banks expires in six months.
Kim Minyoung 2024.05.29
[Alpha Biz= Reporter Kim Minyoung] According to the financial sector, the terms of office for the heads of the top five banks, in ...

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A former SK Hynix employee of Chinese nationality allegedly stole semiconductor technology and provided it to Huawei.
Kim Minyoung 2024.05.29
[Alpha Biz= Reporter Kim Minyoung] A Chinese national who formerly worked at SK Hynix has been handed over to trial on charges of ...

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Shinsegae Construction has issued 6.5 trillion won worth of Hybrid Tier 1
Kim Minyoung 2024.05.29
[Alpha Biz= Reporter Kim Minyoung] On the 28th, Shinsegae Construction announced its decision to issue unsecured non-granted bond ...

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Crescendo Equity Partners, a domestic private equity firm, conducted a block deal to sell a portion of its stake in Seojin System, amounting to 537 billion won, to repay acquisition financing.
Kim Minyoung 2024.05.29
[Alpha Biz= Reporter Kim Minyoung] On the 28th, Crescendo Equity Partners, a domestic private equity firm and a major shareholder ...

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Daol Securities predicts that Celltrion will ramp up its sales of new drugs in the second half of the year, aiming for total revenue of 3.6 trillion won for this year.
Reporter Kim SangJin 2024.05.29
[Alpha Biz= Reporter Kim Sangjin] Daol Securities predicts that Celltrion will achieve strong performance following the launch of ...

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Wemade is withdrawing its cryptocurrency wallet service "Play Wallet" from the domestic market due to controversies surrounding its failure to report to authorities.
Reporter Kim SangJin 2024.05.29
[Alpha Biz= Reporter Kim Sangjin] Wemade's cryptocurrency wallet service, Play Wallet, is withdrawing from the domestic market ami ...

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Both companies' stock prices closed lower as HYBE disposed of a large portion of its shares in SM Entertainment.
Reporter Kim SangJin 2024.05.29
[Alpha Biz= Reporter Kim Sangjin] On the 28th, both companies' stock prices closed lower as HYBE disposed of a large portion of it ...

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KT is considering whether to appeal a court ruling that it must pay 12 billion won in compensation for participating in bid rigging for a national project.
Reporter Kim SangJin 2024.05.29
[Alpha Biz= Reporter Kim Sangjin] According to industry sources on the 29th, KT is considering whether to appeal a court ruling th ...

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Lotte Duty Free is set to enter emergency management next month, with considerations underway for restructuring its workforce.
Reporter Kim SangJin 2024.05.29
[Alpha Biz= Reporter Kim Sangjin] Lotte Duty Free, which has been experiencing deteriorating performance due to the slump in duty- ...

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KFTC conducted on-site investigations at the headquarters of Krafton and Com2us amid suspicions that they misrepresented the probabilities of in-game items.
Reporter Kim Jisun 2024.05.29
[Alpha Biz= Reporter Kim Jisun] According to industry sources on the 29th, it has been confirmed that the Korea Fair Trade Commiss ...

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Medytox is setting up a botulinum toxin plant in Dubai, targeting a market estimated to be worth KRW 2 trillion.
Reporter Kim Jisun 2024.05.29
[Alpha Biz= Reporter Kim Jisun] Medytox is aiming to target the Middle East and European aesthetic medical market, estimated to be ...

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Emart is investing KRW 100 billion in Chosun Hotel & Resort.
Reporter Kim Jisun 2024.05.29
[Alpha Biz= Reporter Kim Jisun] Emart announced on the 28th that it will invest KRW 100 billion in its affiliate, Chosun Hotel &am ...