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POSCO Future M Cancels ₩1.2 Trillion Precursor Plant Investment in South Korea Amid EV Demand Slowdown
Reporter Kim Jisun 2024.09.05
[Alpha Biz= Reporter Kim Jisun] POSCO Future M announced on September 4 that it has decided to cancel its planned investment of ₩1 ...

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Daewoong Bio Expands into Microbial-Based Biopharmaceutical CMO Production
Reporter Kim SangJin 2024.09.05
[Alpha Biz= Reporter Kim Sangjin] Daewoong Bio announced on the 4th that it has completed the construction of its new biopharmaceu ...

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Hanwha Ocean Signs MOU with WB Group at MSPO 2024 for Submarine Business Cooperation
Reporter Kim SangJin 2024.09.05
[Alpha Biz= Reporter Kim Sangjin] Hanwha Ocean announced on the 4th that it has signed a Memorandum of Understanding (MOU) with Po ...

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Kakao Union and Management's Collective Bargaining Negotiations Break Down
Reporter Kim Jisun 2024.09.05
[Alpha Biz= Reporter Kim Jisun] The collective bargaining negotiations between Kakao's union and management have collapsed. On the ...

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SK Group Sells Part of Its Stake in Vietnam's VinCommerce, Secures 270 Billion Won
Reporter Kim Jisun 2024.09.05
[Alpha Biz= Reporter Kim Jisun] SK Group has sold a portion of its stake in VinCommerce, Vietnam's largest food and beverage and r ...

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Shin Dong-bin's Son, Shin Yoo-yeol, Increases Stake in Lotte Holdings
Reporter Kim Jisun 2024.09.05
[Alpha Biz= Reporter Kim Jisun] Shin Yoo-yeol, Executive Vice President and Head of the Future Growth Division at Lotte Holdings, ...

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NCSoft to Acquire Shares Through Stock Purchase Rights Amid Subsidiary Spin-Offs
Reporter Kim Jisun 2024.09.05
[Alpha Biz= Reporter Kim Jisun] NCSoft (NC) has announced that it will purchase shares through stock purchase rights related to th ...

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Samsung's Lee Jae-yong, SK's Chey Tae-won, Hyundai's Chung Euisun Engage in Diplomatic Talks with U.S. Senators
Reporter Kim Jisun 2024.09.05
[Alpha Biz= Reporter Kim Jisun] Samsung Electronics Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won, and Hyundai Motor Group ...

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Naver to Visit NVIDIA Headquarters for Further AI Collaboration Talks
Reporter Kim Jisun 2024.09.05
[Alpha Biz= Reporter Kim Jisun] At the end of this month, Naver plans to visit NVIDIA's headquarters in Santa Clara, California, t ...

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Daishin Securities Halts Sale Negotiations for Headquarters Building
Reporter Kim SangJin 2024.09.05
[Alpha Biz= Reporter Kim Sangjin] Daishin Securities has decided to discontinue its negotiations with NH-Amundi Asset Management r ...

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EcoPro HN to Raise 200 Billion Won via Rights Offering
Reporter Kim SangJin 2024.09.05
[Alpha Biz= Reporter Kim Sangjin] On the 4th, EcoPro HN, a subsidiary of EcoPro (086520), announced a decision to raise 200.1 bill ...

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Financial Supervisory Service Chief Cites Insurance Acquisition Risks for Accelerated Regular Inspection of Woori Financial
Reporter Kim SangJin 2024.09.05
[Alpha Biz= Reporter Kim Sangjin] On the 4th, Financial Supervisory Service (FSS) Chairman Lee Bok-hyun revealed that the recent d ...

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Kakao Pay Under Investigation for Allegedly Transferring Customer Credit Information to Alipay Without Consent
Reporter Kim SangJin 2024.09.05
[Alpha Biz= Reporter Kim Sangjin] On the 4th, it was reported that the Seoul Suseo Police Station has launched an investigation in ...

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Financial Supervisory Service to Conduct First Inspection of Virtual Asset Businesses Under New Regulations
Reporter Kim SangJin 2024.09.04
[Alpha Biz= Reporter Kim Sangjin] The Financial Supervisory Service (FSS) of South Korea is set to conduct its first inspection of ...

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SKC Moves to Sell Semiconductor Materials and Components Subsidiary SK Enpulse
Reporter Kim SangJin 2024.09.04
[Alpha Biz= Reporter Kim Sangjin] SKC is in the process of selling its semiconductor materials and components subsidiary, SK Enpul ...

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Taeyoung Construction Sells Yeouido Headquarters for 225.1 Billion KRW
Reporter Kim Jisun 2024.09.04
[Alpha Biz= Reporter Kim Jisun] Taeyoung Construction announced on the 3rd that it has sold its Yeouido building in Seoul to TY Fi ...

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Telegram Deletes All Illegal Deepfake Content Following Urgent Request from Korean Authorities
Reporter Kim Jisun 2024.09.04
[Alpha Biz= Reporter Kim Jisun] Telegram, which has been criticized as a hotspot for the creation and distribution of illegal deep ...

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Mercedes-Benz Owners to Take Collective Action Over Use of Chinese Farasis Batteries in Electric Vehicles
Reporter Kim Jisun 2024.09.04
[Alpha Biz= Reporter Kim Jisun] Mercedes-Benz electric vehicle (EV) owners are organizing a collective action in response to the c ...

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Samsung SDS Teams Up with Microsoft Azure to Launch Global AI Cloud Platform
Reporter Kim Jisun 2024.09.04
[Alpha Biz= Reporter Kim Jisun] Samsung SDS is collaborating with Microsoft to introduce a cloud-based platform called "FabricX," ...

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Mercedes-Benz EV Plummets in Value: From 100 Million KRW to 60 Million KRW in Just One Year
Reporter Kim Jisun 2024.09.04
[Alpha Biz= Reporter Kim Jisun] The value of used electric vehicles (EVs) has seen a significant drop, with fears around "electric ...