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TIFFANY & Co. Confirms Data Breach Affecting South Korean Customers
Reporter Paul Lee 2025.05.27
[Alpha Biz= Paul Lee] TIFFANY & Co., recognized as one of the world’s top three luxury jewelry brands, has confirmed a data br ...

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Prosecutors Launch Raid on Sampa Group Chairman Jung Do-won over Alleged Unfair Support to Family-Owned Subsidiary
Reporter Paul Lee 2025.05.27
[Alpha Biz= Paul Lee] Prosecutors have launched a raid on Jung Do-won, chairman of Sampa Group, and related offices amid investiga ...

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Court Orders Full Rent Refund to Lotte Duty Free Over COVID-19 Airport Policy; Shilla and Shinsegae Duty Free Seek Similar Rent Adjustments
Reporter Paul Lee 2025.05.27
[Alpha Biz= Paul Lee] The court has ruled that Lotte Duty Free must be refunded the full amount of rent paid for duty-free shops, ...

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Former Namyang Dairy CEO Hong Won-sik Released on Bail Amid Embezzlement and Breach of Trust Charges
Reporter Paul Lee 2025.05.27
[Alpha Biz= Paul Lee] Hong Won-sik, the former CEO of Namyang Dairy, who has been undergoing trial for embezzlement and breach of ...

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Samsung SDI Expands Hungarian Plant to Supply Prismatic Batteries for Hyundai-Kia European EVs
Reporter Paul Lee 2025.05.27
[Alpha Biz= Paul Lee] Samsung SDI has begun major expansion and retrofit work at its Hungarian plant to supply prismatic batteries ...

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Daewoo E&C Wins $784 Million Mineral Fertilizer Plant Project in Turkmenistan
Reporter Kim Jisun 2025.05.27
[Alpha Biz= Kim Jisun] Daewoo Engineering & Construction (Daewoo E&C) announced on May 26 that it has signed a main contra ...

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KFTC Launches On-Site Probe into Korea Zinc Over Alleged Circular Shareholding Scheme
Reporter Kim Jisun 2025.05.27
[Alpha Biz= Kim Jisun] The Korea Fair Trade Commission (KFTC) has launched an on-site investigation into the headquarters of Korea ...

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Controversy Surrounds Public Foundation Set Up by Hyosung Heir Amid Tax Break and Legal Dispute
Reporter Kim Jisun 2025.05.27
[Alpha Biz= Kim Jisun] Danbit Foundation, a public interest foundation established by Cho Hyun-moon, former Vice President of Hyo ...

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Police Question Former President Yoon’s Mother-in-Law over Alleged Illegal Farmland Lease
Reporter Kim Jisun 2025.05.27
[Alpha Biz= Kim Jisun] South Korean police recently questioned Choi Eun-soon, mother-in-law of former President Yoon Suk-yeol, on ...

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Court Dismisses KCC's Injunction Request to Suspend EBS President Kim Yuyul
Reporter Kim Jisun 2025.05.27
[Alpha Biz= Kim Jisun] On May 26, the Goyang Branch of the Uijeongbu District Court dismissed an injunction request filed by the K ...

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Dongkuk Steel Shuts Down Incheon Plant for the First Time Amid Prolonged Construction Slump
Reporter Kim Jisun 2025.05.27
[Alpha Biz= Kim Jisun] As the economic downturn deepens across the steel industry, Dongkuk Steel has joined POSCO and Hyundai Stee ...

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South Korean Government Launches Cybersecurity Inspections on Major Platform Companies Following SK Telecom Hacking Incident
Reporter Kim Jisun 2025.05.27
[Alpha Biz= Kim Jisun] In response to the recent hacking incident at SK Telecom, the South Korean government has begun cybersecuri ...

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SSG.COM to Spin Off SSG Pay Unit, Launches New Subsidiary 'Platinum Payments'
Reporter Paul Lee 2025.05.26
[Alpha Biz= Paul Lee] Seoul, South Korea – May 23, 2025 – SSG.COM, the e-commerce arm of Shinsegae Group, announced today that it ...

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Samsung Bioepis Dismisses Speculation of Dual Listing Following Holding Company Announcement
Reporter Kim Jisun 2025.05.26
[Alpha Biz= Kim Jisun] Seoul, South Korea – May 25, 2025 – Samsung Bioepis has firmly denied speculation regarding a potential dua ...

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Franchise Sales Plunge Nearly 20% Amid Controversy Surrounding Theborn Korea and CEO Baek Jong-won
Reporter Paul Lee 2025.05.26
[Alpha Biz= Paul Lee] Seoul, South Korea – May 24, 2025 – A recent analysis reveals that franchise stores affiliated with Theborn ...

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SOOP Implements Major Price Hike for Subscription Services to Bolster Profitability
Reporter Kim Jisun 2025.05.26
[Alpha Biz= Kim Jisun] Seoul, South Korea – May 25, 2025 – SOOP, a leading domestic streaming platform, will significantly raise i ...

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Kia to Resume Operations at Gwangju Plant 3 Following Suspension Due to Fatal Workplace Accident
Reporter Kim Jisun 2025.05.26
[Alpha Biz= Kim Jisun] Gwangju, South Korea – May 23, 2025 – Kia Corporation announced that production at its Gwangju Autoland Pla ...

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Personal Information Protection Commission to Take Firm Action on SK Telecom Data Breach
Reporter Kim Jisun 2025.05.26
[Alpha Biz= Kim Jisun] Seoul, South Korea – May 25, 2025 – The Personal Information Protection Commission (PIPC) announced its int ...

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Financial Supervisory Service Reviews Shinhan Bank’s Handling of Improper Loan Reporting Amidst Ongoing Investigations
Reporter Paul Lee 2025.05.26
[Alpha Biz= Paul Lee] The Financial Supervisory Service (FSS) is currently scrutinizing whether Shinhan Bank appropriately followe ...

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Court Rules Kakao Mobility's AI-Based Dispatch Algorithm Not Unfair Practice
Reporter Kim Jisun 2025.05.26
[Alpha Biz= Kim Jisun] Seoul, South Korea – May 25, 2025 – Kakao Mobility (Kakao Mobility, or “Kamo”) has implemented an AI-based ...