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Former FSS chief Chung Eun-bo has been recommended as the sole candidate for the new chairman of the Korea Exchange
Reporter Paul Lee 2024.01.19
[Alpha Biz=(Chicago) Reporter Paul Lee] Chung Eun-bo (63), former head of the Financial Supervisory Service, was recommended as th ...

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Naver Pay surpassed 1.66 trillion won in just six days after the launch of its mortgage transfer service
Reporter Kim Jisun 2024.01.19
[Alpha Biz=(Chicago) Reporter Paul Lee] Naver Pay's "Transferring Mortgage Loans" service announced on the 18th that it surpassed ...

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The price of virtual currency Wemix has fallen sharply in recent months.
Reporter Kim Jisun 2024.01.19
[Alpha Biz=(Chicago) Reporter Kim Jisun] The price of Wemix, a virtual currency issued by game maker Wemade, has fallen sharply in ...

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K Bank is re-pursuing an initial public offering (IPO)
Reporter Kim Jisun 2024.01.19
[Alpha Biz=(Chicago) Reporter Kim Jisun] K-Bank, the first Internet bank in Korea, will re-promote its initial public offering (IP ...

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Toss Bank has decided to eliminate all exchange fees.
Reporter Kim Jisun 2024.01.19
[Alpha Biz=(Chicago) Reporter Kim Jisun] As soon as Toss Bank launched its foreign exchange service, it decided to eliminate all e ...

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Park Jin-young bought an additional 5 billion won worth of JYP Entertainment shares
Reporter Kim Jisun 2024.01.19
[Alpha Biz=(Chicago) Reporter Kim Jisun] Singer and producer Park Jin-young, chief creative officer (COO) of JYP Entertainment, bo ...

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Donghwa Pharmaceutical acquired the Asia-Pacific copyright of four best-selling over-the-counter drugs (OTC) from Celltrion
Reporter Kim Jisun 2024.01.19
[Alpha Biz=(Chicago) Reporter Kim Jisun] Donghwa Pharmaceutical announced on the 18th that it will acquire rights in nine regions ...

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Bithumb's actual owner was found not guilty in the second trial on fraud charges worth 110 billion won.
Reporter Kim Jisun 2024.01.19
[Alpha Biz=(Chicago) Reporter Kim Jisun] The real owner of Bithumb, a virtual asset exchange that has been accused of fraud worth ...

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The major shareholder of eBEST Investment & Securities will be changed to LS Networks.
Reporter Kim Jisun 2024.01.19
[Alpha Biz=(Chicago) Reporter Kim Jisun] The major shareholder of eBEST Investment & Securities will be changed to LS Networks ...

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POSCO International has signed a contract to supply driving motor cores to electric vehicles produced by Hyundai Motor and Kia Europe
Reporter Kim Jisun 2024.01.19
[Alpha Biz=(Chicago) Reporter Kim Jisun] POSCO International said it has won an order for Hyundai-Kia Motors to install 1.03 milli ...

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Naver reassigned half of Cake employees to other affiliates due to decline in users
Reporter Kim Jisun 2024.01.19
[Alpha Biz=(Chicago) Reporter Kim Jisun] Naver has carried out a "relocation of manpower" to send employees of its less profitable ...

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Mirae Asset Group has established a venture capital specializing in pharmaceutical bio in the U.S. and has begun full-fledged activities.
Reporter Kim Jisun 2024.01.19
[Alpha Biz=(Chicago) Reporter Kim Jisun] Mirae Asset Group has established a venture capital specializing in pharmaceutical bio in ...

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Paid members protested the reduction of hole-in-one insurance benefits for Golf Zone's 'G Membership Premium'
Reporter Paul Lee 2024.01.18
[Alpha Biz=(Chicago) Reporter Paul Lee] Golf Zone has been opposed by paid subscription members as it has decided to reduce its ho ...

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Shinhan Investment & Securities adjusted Shinsegae's investment opinion to 'buy' and its target price to 220,000 won.
Reporter Paul Lee 2024.01.18
[Alpha Biz=(Chicago) Reporter Paul Lee] Shinhan Investment & Securities said, "We should pay attention to the recovery of tax ...

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Samsung Electronics has decided to freeze the salaries of executives in the Device Solutions (DS) division this year.
Reporter Paul Lee 2024.01.18
[Alpha Biz=(Chicago) Reporter Paul Lee] Samsung Electronics has decided to freeze this year's salary for executives of device solu ...

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Korea Investment & Securities lowered its target by 21%, saying Studio Dragon lacks short-term rebound factors
Reporter Paul Lee 2024.01.18
[Alpha Biz=(Chicago) Reporter Paul Lee] Korea Investment & Securities Co. said on the 18th that Studio Dragon is expected to p ...

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Construction companies' bank debt reaches 43 trillion won, the highest since the global financial crisis
Reporter Paul Lee 2024.01.18
[Alpha Biz=(Chicago) Reporter Paul Lee] Domestic builders' bank debt rose nearly KRW 5 trillion a year alone, reaching nearly KRW ...

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Large stocks such as LG Chem and Samsung SDI fell due to the KOSPI plunge.
Reporter Kim Jisun 2024.01.18
[Alpha Biz=(Chicago) Reporter Kim Jisun] Large-cap stocks continued to decline as the KOSPI hit 2.47%, the highest drop of the yea ...

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Regarding the U.S. government investigation, KT&G said, “We have not been notified or sanctioned for violating any laws.”
Reporter Kim Jisun 2024.01.18
[Alpha Biz=(Chicago) Reporter Kim Jisun] KT & G said on the 17th that "it has not been more sanctioned than on violations of t ...

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SK On accelerates development of solid-state batteries with US Solid Power
Reporter Kim Jisun 2024.01.18
[Alpha Biz=(Chicago) Reporter Kim Jisun] SK ON has decided to speed up the development of all-solid batteries, called 'dream batte ...