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Hyundai Steel to Sell Undercarriage Equipment Unit Amid Weak Performance and Chinese Competition
Reporter Paul Lee 2025.06.04
[Alpha Biz= Paul Lee] Hyundai Steel announced on June 2 that it is in talks to sell its undercarriage equipment division at Plant ...

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Woori Bank Reports Financial Incident at Indonesian Subsidiary
Reporter Paul Lee 2025.06.04
[Alpha Biz= Paul Lee] Seoul, June 2 — Woori Bank announced that a financial fraud incident has occurred at its Indonesian subsidia ...

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Mobile Number Portability Hits 11-Year High Following SK Telecom Data Breach
Reporter Paul Lee 2025.06.04
[Alpha Biz= Paul Lee] The number of mobile subscribers switching carriers in South Korea reached 933,509 in May, the highest month ...

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National Pension Service Increases Stakes in GS E&C, Hanmi Pharm, Hotel Shilla, and KEPCO
Reporter Paul Lee 2025.06.04
[Alpha Biz= Paul Lee] Seoul, June 3 — South Korea’s National Pension Service (NPS), one of the world’s largest pension funds, has ...

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SPC Samlip Faces Operational and Reputational Risk Following Plant Accident, Says Korea Ratings
Reporter Paul Lee 2025.06.04
[Alpha Biz= Paul Lee] Seoul, June 3 — A recent industrial accident at SPC Samlip’s Siwha plant has led to a complete halt in opera ...

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Samsung Pay Restored After Morning Outage Disrupts Payments
Reporter Kim Jisun 2025.06.04
[Alpha Biz= Kim Jisun] Samsung Pay experienced a service disruption on the morning of June 2, causing inconvenience to users attem ...

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Foreign Investors Show Diverging Sentiment on Samsung Electronics and SK hynix Following Nvidia's Earnings Surprise
Reporter Paul Lee 2025.06.04
[Alpha Biz= Paul Lee] As Nvidia—the global leader in AI semiconductors—delivered a stronger-than-expected earnings report, investo ...

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Indonesian Engineers Cleared of Charges in KF-21 Data Leak Investigation
Reporter Kim Jisun 2025.06.04
[Alpha Biz= Kim Jisun] All five Indonesian engineers dispatched to Korea Aerospace Industries (KAI) have been cleared of criminal ...

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Prosecutors Raid Hanssem Over Alleged Collusion in Apartment System Furniture Bidding
Reporter Paul Lee 2025.06.04
[Alpha Biz= Paul Lee] South Korean prosecutors have raided the headquarters of Hanssem, a major furniture company, as part of an i ...

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Prosecutors Seek Prison Sentences for Former Executives of Youngpoong Zinc Over Cadmium Pollution in Nakdong River
Reporter Kim Jisun 2025.06.04
[Alpha Biz= Kim Jisun] Prosecutors have demanded prison sentences in the appellate trial of former and current executives of Young ...

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Aekyung Group Pledges Nearly All of Its Jeju Air Shares to Secure Loans Amid Financial Strains
Reporter Kim Jisun 2025.06.04
[Alpha Biz= Kim Jisun] Seoul, June 3 – South Korea's Aekyung Group has effectively pledged nearly all of its stake in Jeju Air Co. ...

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Kia India Employees Under Police Investigation for Engine Theft
Reporter Paul Lee 2025.06.04
[Alpha Biz= Paul Lee] Seoul/New Delhi, June 3 — Kia’s Indian manufacturing unit has become the subject of a criminal investigation ...

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Hanmi Semiconductor Completes Largest-Ever Share Buyback Cancellation Worth KRW 130 Billion
Reporter Paul Lee 2025.06.02
[Alpha Biz= Paul Lee] Seoul, May 30 – Hanmi Semiconductor announced on Thursday that it has completed the cancellation of 1,302,05 ...

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MBK Partners and Young Poong File Lawsuit to Nullify Korea Zinc’s Shareholder Meeting Resolutions
Reporter Paul Lee 2025.06.02
[Alpha Biz= Paul Lee] Seoul, May 30 – Private equity firm MBK Partners and metals conglomerate Young Poong have jointly filed a fo ...

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WEMIX Delisted Again: Korean Court Dismisses Wemade’s Injunction Request
Reporter Paul Lee 2025.06.02
[Alpha Biz= Paul Lee] Seoul, May 31 — South Korean game developer Wemade’s cryptocurrency WEMIX is set to be delisted from domesti ...

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Baek Jong-won’s Official YouTube Channel Resumes Activity Amidst Controversy
Reporter Paul Lee 2025.06.02
[Alpha Biz= Paul Lee] Seoul, May 31 — Just three weeks after announcing a halt to all broadcasting activities, Baek Jong-won, CEO ...

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FSS Chief Lee Bok-hyun to Step Down After Three-Year Term, Raising Concerns Over Leadership Vacuum
Reporter Paul Lee 2025.06.02
[Alpha Biz= Paul Lee] Seoul, June 1 — Financial Supervisory Service (FSS) Governor Lee Bok-hyun is set to step down on June 5, con ...

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Financial Supervisory Service Conducts On-Site Inspection of Capital-Impacted KDB Life Insurance
Reporter Paul Lee 2025.06.02
[Alpha Biz= Paul Lee] Seoul, June 1 —Seoul, June 1 — South Korea’s Financial Supervisory Service (FSS) has launched an on-site ins ...

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Kakao Mobility to Export Parking Platform for the First Time Through Saudi Arabia's Diriyah Project
Reporter Kim Jisun 2025.06.02
[Alpha Biz= Kim Jisun] Kakao Mobility announced on June 1 that it will export its parking platform solution for the first time sin ...

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Trump Announces Doubling of Tariffs on Foreign Steel and Aluminum to 50%
Reporter Kim Jisun 2025.06.02
[Alpha Biz= Kim Jisun] Former U.S. President Donald Trump has announced plans to double tariffs on imported steel and aluminum fro ...

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