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Kolmar Family Feud Escalates in Court Over Management Control Dispute
Reporter Kim Jisun 2025.07.04
[Alpha Biz= Kim Jisun] Yoon Sang-hyun, Vice Chairman of Kolmar Holdings, and his younger sister Yoon Yeo-won, CEO of Kolmar BNH, c ...

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Kakao Entertainment to Wind Down Thai Webtoon Subsidiary Amid Global Strategy Shift
Reporter Kim Jisun 2025.07.04
[Alpha Biz= Kim Jisun] Kakao Entertainment is preparing to dissolve its Thai subsidiary following the decision to discontinue the ...

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Shinhan Investment Corp. Restructures Global Operations, Exits Shanghai and Considers Sale of New York Subsidiary
Reporter Paul Lee 2025.07.04
[Alpha Biz= Paul Lee] Shinhan Investment Corp. is undertaking a major overhaul of its overseas operations. The firm recently close ...

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IBK Employee Referred to Prosecutors for Executing KRW 5 Billion in Fraudulent Loans
Reporter Paul Lee 2025.07.04
[Alpha Biz= Paul Lee] An employee of IBK Industrial Bank of Korea (IBK) has been referred to prosecutors for allegedly issuing una ...

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Hyundai Steel Signs Strategic Agreement with AWS to Supply Eco-Friendly Steel for Asia-Pacific Data Centers
Reporter Kim Jisun 2025.07.04
[Alpha Biz= Kim Jisun] Hyundai Steel announced on July 3 that it has signed a Strategic Framework Agreement (SFA) with Amazon Web ...

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Celltrion Ordered to Pay KRW 8.8 Billion Following Partial Loss in COVID-19 Test Kit Dispute with Humasis
Reporter Kim Jisun 2025.07.04
[Alpha Biz= Kim Jisun] Celltrion announced on July 3 that it will appeal a court ruling in a civil lawsuit with Humasis over a COV ...

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Prosecutors Raid NH Nonghyup Headquarters in Widening Loan Fraud Probe
Reporter Paul Lee 2025.07.04
[Alpha Biz= Paul Lee] Prosecutors in South Korea launched a raid on the headquarters of the National Agricultural Cooperative Fede ...

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Samyang Foods Breaks Ground on First Overseas Production Plant in China
Reporter Kim Jisun 2025.07.04
[Alpha Biz= Kim Jisun] Samyang Foods, the company behind the global hit Buldak Ramen, held a groundbreaking ceremony on July 3 for ...

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Former Naver CEO and Minister of SMEs and Startups Nominee Hansung-sook to Sell Entire Stake in Naver
Reporter Paul Lee 2025.07.04
[Alpha Biz= Paul Lee] Hansung-sook, the nominee for Minister of SMEs and Startups and former CEO of Naver, has decided to sell her ...

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CJ Freshway's Electric Delivery Fleet Shrinks Sharply, Undermining Emissions Goals
Reporter Paul Lee 2025.07.04
[Alpha Biz= Paul Lee] CJ Freshway, which once promoted itself as the first in the industry to adopt electric delivery vehicles, ha ...

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HYBE Chairman Bang Si-hyuk Under Regulatory Investigation Over Alleged Pre-IPO Misconduct; Stock Drops 4.75%
Reporter Kim Jisun 2025.07.04
[Alpha Biz= Kim Jisun] HYBE Chairman Bang Si-hyuk has recently undergone questioning by South Korea's Financial Supervisory Servic ...

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LS Securities Downgrades KCC to 'Hold'; Cites Concerns Over Exchangeable Bond Strategy
Reporter Paul Lee 2025.07.04
[Alpha Biz= Paul Lee] LS Securities has downgraded its investment rating on KCC from "Buy" to "Hold," while maintaining its target ...

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Former BNK Kyongnam Bank Executive Gets 35 Years for Record ₩300 Billion Embezzlement
Reporter Paul Lee 2025.07.03
[Alpha Biz= Paul Lee] South Korea’s Supreme Court has upheld a 35-year prison sentence for a former BNK Kyongnam Bank executive wh ...

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Korean Police Uncover Additional Allegations in Loan Fraud Case Involving Former Woori Financial Chairman’s Relative
Reporter Kim Jisun 2025.07.03
[Alpha Biz= Kim Jisun] South Korean police have uncovered additional allegations of fraudulent loans involving the brother-in-law ...

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National Pension Service Increases Stake in Kakao with $135 Million Investment
Reporter Paul Lee 2025.07.03
[Alpha Biz= Paul Lee] South Korea’s National Pension Service (NPS) has acquired an additional stake in Kakao Corp. (035720), inves ...

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Daughter of Hankook & Company Honorary Chairman Wins Final Appeal in $44 Million Gift Tax Case
Reporter Kim Jisun 2025.07.03
[Alpha Biz= Kim Jisun] The daughter of Cho Yang-rae, honorary chairman of Hankook & Company (formerly Hankook Tire), has won a ...

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Taekwang Industrial Halts Follow-up Procedures for Proposed Exchangeable Bonds Amid Shareholder Backlash
Reporter Kim Jisun 2025.07.03
[Alpha Biz= Kim Jisun] Taekwang Industrial announced on July 2 that it will suspend follow-up procedures for its recently proposed ...

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STX Faces Regulatory Sanctions for Accounting Violations and Audit Obstruction
Reporter Kim Jisun 2025.07.03
[Alpha Biz= Kim Jisun] The Securities and Futures Commission (SFC) under South Korea’s Financial Services Commission (FSC) held it ...

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Humasis Chairman Files Criminal Complaint Against Shareholder Over Defamation and Obstruction
Reporter Paul Lee 2025.07.03
[Alpha Biz= Paul Lee] Seoul, July 2 – Namgoong Kyeon, Chairman of Humasis, has filed a criminal complaint against a shareholder, i ...

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Prosecutors Seek Lengthy Prison Terms for Former and Current LS Securities Executives in ₩83 Billion PF Loan Fraud Case
Reporter Paul Lee 2025.07.03
[Alpha Biz= Paul Lee] Seoul, July 2 — South Korean prosecutors have demanded prison sentences for several former and current execu ...