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Viva Republica, Operator of Toss, Pursuing IPO on U.S. Stock Market
Reporter Kim Jisun 2024.10.30
[Alpha Biz= Reporter Kim Jisun] Viva Republica, the company behind the financial service Toss, is reportedly shifting its focus fr ...

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LG's Son-in-law Yoon Kwan Entangled in Lawsuit Again... This Time for Fraud Charges
Reporter Kim Jisun 2024.10.30
[Alpha Biz= Reporter Kim Jisun] Cho Chang-yeon, former advisor at BlueRun Ventures (BRV) Korea, has filed a fraud complaint agains ...

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Court Sides with Bang Si-hyuk, Denies Min Hee-jin’s Request to Reclaim ADOR CEO Position
Reporter Kim Jisun 2024.10.30
[Alpha Biz= Reporter Kim Jisun] Former ADOR CEO Min Hee-jin, who launched the popular girl group NewJeans, filed an injunction wit ...

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Hahn & Company to Take Legal Action Against Former Namyang Dairy Chairman’s “Repeated” Lawsuit Claims
Reporter Kim Jisun 2024.10.30
[Alpha Biz= Reporter Kim Jisun] Private equity firm Hahn & Company, the largest shareholder of Namyang Dairy, announced its in ...

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Prosecutors Impose Travel Ban on Qxpress CEO Mark Lee Over ‘TMON and WeMakePrice Scandal’
Reporter Kim Jisun 2024.10.30
[Alpha Biz= Reporter Kim Jisun] The prosecution has imposed a travel ban on Mark Lee, CEO of Qxpress, a logistics subsidiary of Qo ...

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SK Nexilis to Sell FCCL Division to Affirma Capital in $75M Deal
Reporter Kim Jisun 2024.10.30
[Alpha Biz= Reporter Kim Jisun] SK Group's intermediate holding company, SKC, is set to sell SK Nexilis’s flexible copper-clad lam ...

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Financial Supervisory Service Imposes 6 Billion KRW Fine on Toss for Misuse of Personal Credit Information
Reporter Kim SangJin 2024.10.29
[Alpha Biz= Reporter Kim Sangjin] The Financial Supervisory Service (FSS) has imposed a fine of 6 billion KRW on Toss, a subsidiar ...

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Korea Electric Power Corporation (KEPCO) Selected as Final Candidate for 3 Trillion KRW Solar Projects in Saudi Arabia
Reporter Kim SangJin 2024.10.29
[Alpha Biz= Reporter Kim Sangjin] Korea Electric Power Corporation (KEPCO) has been selected as a final candidate for three out of ...

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Fair Trade Commission Imposes 6.7 Billion KRW Fine on 9 Companies, Including Hanssem, for Colluding in Apartment Bathroom Construction Bids
Reporter Kim SangJin 2024.10.29
[Alpha Biz= Reporter Kim Sangjin] The Korea Fair Trade Commission (FTC) announced on the 28th that it has imposed corrective order ...

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HD Hyundai Infracore’s Q3 Operating Profit Plunges 77% Year-on-Year
Reporter Kim Jisun 2024.10.29
[Alpha Biz= Reporter Kim Jisun] HD Hyundai Infracore reported a steep drop in its third-quarter performance, with sales of 909.8 b ...

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ABL Bio Receives $5 Million Milestone Payment from Sanofi for ABL301 Technology Transfer
Reporter Kim Jisun 2024.10.29
[Alpha Biz= Reporter Kim Jisun] ABL Bio, a biotech specializing in bispecific antibodies, announced on October 28 that it received ...

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DS Dansuk to Supply 1 Trillion KRW in Sustainable Aviation Fuel to U.S. Company
Reporter Kim Jisun 2024.10.29
[Alpha Biz= Reporter Kim Jisun] DS Dansuk has secured a major contract to supply sustainable aviation fuel (SAF) feedstock worth a ...

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Asiana Airlines Union Files Injunction to Halt Cargo Division Sale
Reporter Kim Jisun 2024.10.29
[Alpha Biz= Reporter Kim Jisun] The Asiana Airlines Pilots' Union has filed for a court injunction to suspend the board’s resoluti ...

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LG Chem’s Petrochemical Division Posts Loss; Cuts Capex from 4 Trillion KRW to 2 Trillion Range
Reporter Kim Jisun 2024.10.29
[Alpha Biz= Reporter Kim Jisun] LG Chem reported a third-quarter operating loss in its petrochemical division, prompting the compa ...

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Doosan Bobcat’s Operating Profit Drops 58% to 125.7 Billion KRW
Reporter Kim Jisun 2024.10.29
[Alpha Biz= Reporter Kim Jisun] Doosan Bobcat, a manufacturer of compact construction equipment, reported a 58% year-over-year dec ...

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Ministry of Industry to Support 26 AI Projects, Including Hyundai Motor and POSCO, with 190 Billion KRW
Reporter Kim SangJin 2024.10.29
[Alpha Biz= Reporter Kim Sangjin] The Ministry of Trade, Industry and Energy (MOTIE) announced today that 26 major companies in So ...

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HLB Group Acquires South Korea’s Leading Enzyme Production Company, Genofocus
Reporter Kim Jisun 2024.10.29
[Alpha Biz= Reporter Kim Jisun] HLB Group announced on October 28 that it would acquire Genofocus, a biotechnology company special ...

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Sonno Group to Invest an Additional 11 Billion KRW in Air Premia, Acquiring 11.6% Stake for 58 Billion KRW
Reporter Kim SangJin 2024.10.29
[Alpha Biz= Reporter Kim Sangjin] Sono International, the holding company of Daemyung Sono Group, has announced an increase in its ...

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Meritz Securities Signs 660 Billion KRW PRS Contract with Lotte Chemical
Reporter Kim SangJin 2024.10.29
[Alpha Biz= Reporter Kim Sangjin] Lotte Chemical is in the process of raising 1.4 trillion KRW in funds and has reportedly entered ...

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Kumyang Designated as a Non-Compliant Disclosure Corporation... Fined 2 Billion KRW with 10 Penalty Points
Reporter Kim SangJin 2024.10.29
[Alpha Biz= Reporter Kim Sangjin] On the 28th, the Korea Exchange's KOSDAQ Market Headquarters announced the designation of Kumyan ...