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Air freight rates, down 40% for the fourth straight month
Reporter Paul Lee 2023.08.17
[Apha Biz=(Chicago) Reporter Paul Lee] Global air fares continued to fall by 40% for the fourth consecutive month.It is expected t ...

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In the third quarter of this year, Samsung C&T plans to exceed $100 million (cumulative) in profits from the sale of its solar power business in the US market.
Reporter Kim Jisun 2023.08.17
[Alpha Biz=(Chicago) Reporter Kim Jisun] The solar power generation business of Samsung C&T's commercial division is rapidly g ...

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Mirae Asset acquires Australia's No. 1 RoboAdvisor operator
Reporter Kim Jisun 2023.08.17
[Alpha Biz=(Chicago) Reporter Kim Jisun] Mirae Asset Asset Management has acquired Stockspot, an Australian RoboAdvisor specialist ...

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DBInc.: The merger and acquisition of DB metal
Reporter Kim Jisun 2023.08.17
[Alpha Biz=(Chicago) Reporter Kim Jisun] DBInc., an IT affiliate of DB Group, will merge with DB Metal to start anew as a complex ...

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SK On invests 1.5 trillion won in expanding its Seosan plant
Reporter Kim Jisun 2023.08.17
[Alpha Biz=(Chicago) Reporter Kim Jisun] SK On, a secondary battery company, will invest 1.5 trillion won to expand its Seosan pla ...

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Hugel 'HA filler' accelerates supply expansion in the European market
Reporter Kim Jisun 2023.08.17
[Alpha Biz=(Chicago) Reporter Kim Jisun] Hugel, a medical aesthetic company, announced on the 16th that HA filler is accelerating ...

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Hyundai Motors signed a contract to acquire General Motors (GM)' plant in India
Reporter Kim Jisun 2023.08.17
[Alpha Biz=(Chicago) Reporter Kim Jisun] Hyundai Motor has signed a main contract to acquire the Indian plant of General Motors (G ...

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Moody's reaffirmed SK Innovation's corporate credit rating as 'Baa3'
Reporter Kim Jisun 2023.08.17
[Apha Biz=(Chicago) Reporter Paul Lee] Moody's, an international credit rating agency, reaffirmed SK Innovation's corporate credit ...

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BNK Kyongnam Bank employee indicted for stealing 56.2 billion won
Reporter Kim Jisun 2023.08.17
[Alpha Biz=(Chicago) Reporter Kim Jisun] The prosecution first charged the 50-year-old head of the investment and finance departme ...

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Legal dispute between POSCO Group and Doosan Group over additional construction costs caused by the introduction of the 52-hour work week system
Reporter Kim Jisun 2023.08.17
[Alpha Biz=(Chicago) Reporter Kim Jisun] POSCO Group and Doosan Group have entered into a legal dispute. This is due to the additi ...

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A worker in his 30s died at Seah Steel's Gunsan plant
Reporter Kim Jisun 2023.08.17
[Alpha Biz=(Chicago) Reporter Kim Jisun] An explosion occurred in the Seah Steel River located in Osikdo-dong, Gunsan-si, Jeollabu ...

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Samsung SDI recruited former Cornell University professor Joo Yong-rak as vice president of the institute
Reporter Kim Jisun 2023.08.17
[Alpha Biz=(Chicago) Reporter Kim Jisun] Samsung SDI recruited Joo Yong-rak, a former professor of chemical engineering at Cornell ...

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Fair Trade Commission warns Kakao Kim Beom-soo for 'missing reporting of related companies'
Reporter Kim Jisun 2023.08.17
[Alpha Biz=(Chicago) Reporter Kim Jisun] Kim Beom-soo, former chairman of Kakao's board of directors, received a warning from the ...

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Securities firms lowered the target price of E-Mart "Second quarter earnings below expectations."
Reporter Paul Lee 2023.08.17
[Apha Biz=(Chicago) Reporter Paul Lee] Securities firms lowered their target stock prices on the 16th, saying that earnings uncert ...

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Hana Securities lowered Celltrion Healthcare's target price from 110,000 won to 950,000 won
Reporter Paul Lee 2023.08.16
[Apha Biz=(Chicago) Reporter Paul Lee] Hana Securities lowered the target price of Celltrion Healthcare from 110,000 won to 95,000 ...

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Even when part of the banking business is closed, permission from the authorities must be obtained.
Reporter Paul Lee 2023.08.16
[Apha Biz=(Chicago) Reporter Paul Lee] In the future, banks must also obtain approval from the Financial Services Commission when ...

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Bithumb's operating loss in the second quarter was 3.4 billion won due to continued interest rate hikes
Reporter Paul Lee 2023.08.16
[Apha Biz=(Chicago) Reporter Paul Lee] Bithumb Korea, the operator of South Korea's virtual asset exchange Bithumb, posted a year- ...

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KB Kookmin Bank will undergo additional frequent inspections by the Financial Supervisory Service in the second half of this year.
Reporter Paul Lee 2023.08.16
[Apha Biz=(Chicago) Reporter Paul Lee] KB Kookmin Bank will undergo additional frequent inspections by the Financial Supervisory S ...

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Wemade sold 70 billion won worth of Wemix through coin management company 'Hyperithm'
Reporter Paul Lee 2023.08.16
[Apha Biz=(Chicago) Reporter Paul Lee] There have been cases in which virtual asset issuers disclose both brokerage agencies and e ...

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Toss Bank Development AI-based System Filtered out 600 fake IDs
Reporter Paul Lee 2023.08.16
[Apha Biz=(Chicago) Reporter Paul Lee] Toss Bank announced on the 14th that it has detected more than 600 fake IDs over the past s ...

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