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Kookmin Bank to Sell Idle Real Estate Worth Approximately 133 Billion KRW Amid Branch Closures
Reporter Paul Lee 2025.05.30
[Alpha Biz= Paul Lee] Kookmin Bank has announced plans to sell idle real estate assets valued at approximately 133.45 billion KRW ...

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Korea Citi Bank to Remit Over 230 Billion KRW in Interim Dividends to U.S. Parent This Year
Reporter Paul Lee 2025.05.30
[Alpha Biz= Paul Lee] Korea Citi Bank has approved an interim cash dividend of approximately 230.1 billion KRW (about $175 million ...

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Seoul Appellate Court Rules Again in Favor of Samsung C&T in Lawsuit Against Elliott Management
Reporter Paul Lee 2025.05.30
[Alpha Biz= Paul Lee] On May 29, the Seoul High Court’s Civil Division 16 (Presiding Judge Kim In-gyeom) dismissed the appeal file ...

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Coupang Early Investor Benjamin Sun Sells Shares Amid Executive Stock Sell-Offs
Reporter Paul Lee 2025.05.30
[Alpha Biz= Paul Lee] Benjamin Sun, an early investor in Coupang and board member of Coupang Inc., the company’s U.S. parent since ...

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SPC Samlip Announces Follow-Up Measures After Fatal Factory Accident
Reporter Paul Lee 2025.05.30
[Alpha Biz= Paul Lee] On May 29, SPC Samlip issued an official notice on its website titled “Follow-Up Measures After the SPC Saml ...

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LG H&H Acquires Remaining 35% Stake in U.S. Color Cosmetics Brand The Crème Shop for KRW 91.9
Reporter Kim Jisun 2025.05.30
[Alpha Biz= Paul Lee] LG Household & Health Care (LG H&H) has finalized the acquisition of the remaining 35% equity stake ...

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Jeju Air Aircraft Temporarily Veers Off Runway Upon Landing in Da Nang, No Injuries Reported
Reporter Kim Jisun 2025.05.30
[Alpha Biz= Kim Jisun] A Jeju Air flight experienced a minor runway excursion upon landing at Da Nang International Airport in Vie ...

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Kakao Mobility Integrates with Alibaba’s Gaode Map to Offer Kakao T Taxi Services to Chinese Tourists
Reporter Kim Jisun 2025.05.30
[Alpha Biz= Kim Jisun] Kakao Mobility (KRX: 035720) has partnered with China’s Alibaba Group to enable users of Gaode Map — China’ ...

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SK Innovation and POSCO Future M Deny Battery Business Merger Rumors
Reporter Kim Jisun 2025.05.30
[Alpha Biz= Kim Jisun] On May 29, SK Innovation (KRX: 096770) issued a regulatory filing denying recent media reports that its bat ...

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HYBE Shares Dip Amid FSS Probe Into Founder Bang Si-hyuk Over Alleged Fraudulent Transactions
Reporter Kim Jisun 2025.05.30
[Alpha Biz= Kim Jisun] Shares of HYBE fell over 2% on May 29 after reports surfaced that founder and chairman Bang Si-hyuk is unde ...

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SK ecoplant’s Subsidiary SK airplus to Divest Gas and CO₂ Units in $1 Billion Deal Ahead of IPO
Reporter Kim Jisun 2025.05.30
[Alpha Biz= Kim Jisun] SK airplus, a subsidiary of SK ecoplant (formerly SK Engineering & Construction), is set to divest its ...

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Dunamu CEO Lee Seok-woo to Step Down in July; Ok Kyung-seok Appointed as Successor
Reporter Paul Lee 2025.05.29
[Alpha Biz= Paul Lee] Dunamu, operator of the cryptocurrency exchange Upbit, announced that CEO Lee Seok-woo will step down in Jul ...

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Verdict Due May 29 in Embezzlement and Breach of Trust Case Against Hankook Tire Chairman Cho Hyun-bum
Reporter Paul Lee 2025.05.29
[Alpha Biz= Paul Lee] A South Korean court is set to deliver a first-instance verdict on May 29 in the high-profile embezzlement a ...

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Nexen Tire Supplies ‘N’FERA Supreme S’ Tires for Kia’s First Electric Sedan, ‘The Kia EV4’
Reporter Kim Jisun 2025.05.29
[Alpha Biz= Kim Jisun] Nexen Tire (KRX: 002350) announced on May 28 that it will supply its new car tire, the ‘N’FERA Supreme S,’ ...

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Hyundai Motor Union Demands 4.5-Day Workweek and Retirement Age Extension to 64 in 2024 Wage Negotiations
Reporter Kim Jisun 2025.05.29
[Alpha Biz= Kim Jisun] Hyundai Motor Company’s labor union, the largest in South Korea by membership, has announced its key demand ...

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DB Financial Investment Denies Reports on Potential Acquisition of Hanyang Securities
Reporter Paul Lee 2025.05.29
[Alpha Biz= Paul Lee] On May 28, DB Financial Investment issued a regulatory filing stating that no decision has been made regardi ...

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NIBEC Signs $435 Million Licensing Deal with U.S. Pharma Company for Fibrosis Treatment Candidate
Reporter Kim Jisun 2025.05.29
[Alpha Biz= Kim Jisun] NIBEC, a biotechnology company specializing in peptide-based drug development, announced on the 28th that i ...

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SK Square Invests $40 Million in U.S. Semiconductor Materials Firm to Boost Synergy with SK Hynix
Reporter Kim Jisun 2025.05.29
[Alpha Biz= Kim Jisun] SK Square is investing $40 million (approximately 55 billion KRW) in a U.S.-based semiconductor materials c ...

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Homeplus Files Criminal Complaint Against Shin Young Securities CEO Over ABSTB Dispute
Reporter Kim Jisun 2025.05.29
[Alpha Biz= Kim Jisun] Tensions are escalating between Homeplus and Shin Young Securities over issues surrounding the company’s As ...

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Kakao Taxi Franchise Fined $29 Million for Charging Platform Fees Without App Usage
Reporter Kim Jisun 2025.05.29
[Alpha Biz= Kim Jisun] Kakao Mobility’s taxi franchise headquarters has been hit with a fine of approximately 3.88 billion KRW (ab ...