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MG Non-Life Insurance Union Strongly Opposes Meritz Fire's Participation in the Direct Contract Bid
Reporter Kim SangJin 2024.10.07
[Alpha Biz= Reporter Kim Sangjin] As Meritz Fire Insurance has joined the bidding for the direct contract with MG Non-Life Insuran ...

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Woori Bank's Russian Subsidiary Recovers 53.3 Billion Won Frozen Due to Sanctions
Reporter Kim SangJin 2024.10.07
[Alpha Biz= Reporter Kim Sangjin] Woori Bank's Russian subsidiary (Woori Bank Russia) announced on the 4th (local time) that it ha ...

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KB Financial Group to Develop Generative AI Platform Based on Microsoft Technology
Reporter Kim SangJin 2024.10.07
[Alpha Biz= Reporter Kim Sangjin] KB Financial Group is set to embark on the development of a generative artificial intelligence ( ...

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South Korea's Top Five Banks Spend Over 360 Billion Won on Legal Fees in 5.5 Years
Reporter Kim Jisun 2024.10.07
[Alpha Biz= Reporter Kim Jisun] South Korea's five major banks (KB Kookmin, Shinhan, Hana, Woori, and NH Nonghyup) have reportedly ...

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Hanwha Ocean Faces Heavy Fines Following Special Inspection Amid Worker Fatalities
Reporter Kim Jisun 2024.10.07
[Alpha Biz= Reporter Kim Jisun] Hanwha Ocean has been fined a total of KRW 265.55 million (approximately USD 200,000) for violatin ...

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Prolonged Slump in Domestic Chemical Firms Amid Chinese Supply Glut
Reporter Kim Jisun 2024.10.07
[Alpha Biz= Reporter Kim Jisun] The downturn in the performance of South Korea's chemical companies continues to deepen, with no s ...

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T'way Air Aircraft Grounded in July Due to Mechanical Defect
Reporter Kim Jisun 2024.10.07
[Alpha Biz= Reporter Kim Jisun] A specific aircraft operated by T'way Air was grounded by aviation authorities in July due to a me ...

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Asiana Airlines to Increase International Excess Baggage Fees from January 2024
Reporter Kim Jisun 2024.10.07
[Alpha Biz= Reporter Kim Jisun] Asiana Airlines will raise its international excess baggage fees starting January 2, 2024. Followi ...

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KCC Glass Completes 440,000-Ton Capacity Glass Factory in Indonesia
Reporter Kim Jisun 2024.10.07
[Alpha Biz= Reporter Kim Jisun] KCC Glass announced on October 6 that it had completed its Batang factory, a glass production plan ...

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Solus Advanced Materials Secures $150 Million in Incentives from Quebec for Battery Foil Plant
Reporter Kim Jisun 2024.10.07
[Alpha Biz= Reporter Kim Jisun] Solus Advanced Materials has secured approximately KRW 150 billion in incentives from the Quebec g ...

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Korea Exchange to Designate KUM YANG as Non-Compliant Disclosure Company After Downgraded Sales Forecast
Reporter Kim Jisun 2024.10.04
[Alpha Biz= Reporter Kim Jisun] The Korea Exchange has announced the designation of an unfaithful disclosure corporation for KUM Y ...

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SK On Raises 1 Trillion Won Through Rights Issue Amid Restructuring Efforts
Reporter Kim Jisun 2024.10.04
[Alpha Biz= Reporter Kim Jisun] SK On, a subsidiary of SK Innovation, has raised 1 trillion won through a rights issue as SK Group ...

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LG Uplus Launches South Korea's First 'Smartphone Drone Delivery' Service
Reporter Kim Jisun 2024.10.04
[Alpha Biz= Reporter Kim Jisun] LG Uplus has become the first telecom company in South Korea to offer a drone-based smartphone del ...

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Government to Review if Korea Zinc’s Precursor Technology Qualifies as National Core Technology
Reporter Kim Jisun 2024.10.04
[Alpha Biz= Reporter Kim Jisun] On October 4, the South Korean government will assess whether Korea Zinc’s precursor manufacturing ...

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T'way Air Fined 14 Million KRW for Delayed Flight Notification
Reporter Kim Jisun 2024.10.04
[Alpha Biz= Reporter Kim Jisun] T'way Air, headquartered in Daegu, has been fined 14 million KRW for failing to promptly notify pa ...

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Kiwoom Securities Major Shareholder Faces 93% Loss from Netmarble Coin Investment
Reporter Kim SangJin 2024.10.04
[Alpha Biz= Reporter Kim Sangjin] Daou Kiwoom Group's de facto holding company, eMoney, has reported significant losses of approxi ...

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Shares of Hanon Systems Drop Following Acquisition Completion by Hankook Tire & Technology; Target Price Downgraded
Reporter Kim SangJin 2024.10.04
[Alpha Biz= Reporter Kim Sangjin] The acquisition of Hanon Systems by Hankook Tire & Technology has reached a significant mile ...

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National Pension Service Reduces Investments in South Korean Stock Market
Reporter Kim SangJin 2024.10.04
[Alpha Biz= Reporter Kim Sangjin] The National Pension Service (NPS) has reportedly reduced its investments in the top 10 South Ko ...

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Hanwha Q CELLS Sells Washington Solar Power Plant to U.S. Energy Company
Reporter Kim SangJin 2024.10.04
[Alpha Biz= Reporter Kim Sangjin] Hanwha Q CELLS, the solar division of Hanwha Solutions, announced on October 2 that it has sold ...

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SSG.com to Relocate Headquarters from Gangnam to Yeongdeungpo in February Next Year
Reporter Kim SangJin 2024.10.04
[Alpha Biz= Reporter Kim Sangjin] SSG.com, the e-commerce platform under Shinsegae Group, is set to move its headquarters from Gan ...