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South Korean Stocks Surge Over 2% Reflecting Market Optimism Following President Lee Jae-myung’s Election
Reporter Paul Lee 2025.06.05
[Alpha Biz= Paul Lee] On June 4, South Korean stocks rose more than 2%, reflecting investor optimism tied to the election of Presi ...

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Financial Supervisory Service Sanctions Heungkuk Fire & Marine Insurance Over Tied Insurance Sales; Issues Management Warnings to Hyundai Marine and NongHyup Property & Casualty
Reporter Kim Jisun 2025.06.05
[Alpha Biz= Kim Jisun] The Financial Supervisory Service (FSS) has imposed sanctions on Heungkuk Fire & Marine Insurance for i ...

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Shinhan Card Launches Second Voluntary Retirement Program in Six Months Amid Profit Decline
Reporter Kim Jisun 2025.06.05
[Alpha Biz= Kim Jisun] Shinhan Card has initiated a second round of voluntary retirement in less than six months as part of its co ...

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KT&G Clarifies Status on Potential Acquisition of Nordic Nicotine Pouch Firm
Reporter Kim Jisun 2025.06.05
[Alpha Biz= Kim Jisun] KT&G Corp. announced on June 4 that no decision has been finalized regarding the reported acquisition o ...

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Czech Court Lifts Injunction Blocking KHNP Nuclear Contract
Reporter Kim Jisun 2025.06.05
[Alpha Biz= Kim Jisun] Prague/Seoul, June 4 — The Supreme Administrative Court of the Czech Republic has overturned a previous cou ...

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Kumyang Announces KRW 405 Billion Rights Offering to Fund Battery Production Facilities
Reporter Kim Jisun 2025.06.04
[Alpha Biz= Paul Lee] Kumyang Co., Ltd., a secondary battery manufacturer listed on the Korea Exchange (KRX), has announced a righ ...

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Worker Dies in Industrial Accident at Taean Thermal Power Plant Operated by Korea Western Power
Reporter Paul Lee 2025.06.04
[Alpha Biz= Paul Lee] A subcontracted worker in his 50s, affiliated with Korea Power O&M—a partner company of KEPCO KPS—was fo ...

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Hyundai Steel to Sell Undercarriage Equipment Unit Amid Weak Performance and Chinese Competition
Reporter Paul Lee 2025.06.04
[Alpha Biz= Paul Lee] Hyundai Steel announced on June 2 that it is in talks to sell its undercarriage equipment division at Plant ...

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Woori Bank Reports Financial Incident at Indonesian Subsidiary
Reporter Paul Lee 2025.06.04
[Alpha Biz= Paul Lee] Seoul, June 2 — Woori Bank announced that a financial fraud incident has occurred at its Indonesian subsidia ...

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Mobile Number Portability Hits 11-Year High Following SK Telecom Data Breach
Reporter Paul Lee 2025.06.04
[Alpha Biz= Paul Lee] The number of mobile subscribers switching carriers in South Korea reached 933,509 in May, the highest month ...

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National Pension Service Increases Stakes in GS E&C, Hanmi Pharm, Hotel Shilla, and KEPCO
Reporter Paul Lee 2025.06.04
[Alpha Biz= Paul Lee] Seoul, June 3 — South Korea’s National Pension Service (NPS), one of the world’s largest pension funds, has ...

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SPC Samlip Faces Operational and Reputational Risk Following Plant Accident, Says Korea Ratings
Reporter Paul Lee 2025.06.04
[Alpha Biz= Paul Lee] Seoul, June 3 — A recent industrial accident at SPC Samlip’s Siwha plant has led to a complete halt in opera ...

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Samsung Pay Restored After Morning Outage Disrupts Payments
Reporter Kim Jisun 2025.06.04
[Alpha Biz= Kim Jisun] Samsung Pay experienced a service disruption on the morning of June 2, causing inconvenience to users attem ...

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Foreign Investors Show Diverging Sentiment on Samsung Electronics and SK hynix Following Nvidia's Earnings Surprise
Reporter Paul Lee 2025.06.04
[Alpha Biz= Paul Lee] As Nvidia—the global leader in AI semiconductors—delivered a stronger-than-expected earnings report, investo ...

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Indonesian Engineers Cleared of Charges in KF-21 Data Leak Investigation
Reporter Kim Jisun 2025.06.04
[Alpha Biz= Kim Jisun] All five Indonesian engineers dispatched to Korea Aerospace Industries (KAI) have been cleared of criminal ...

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Prosecutors Raid Hanssem Over Alleged Collusion in Apartment System Furniture Bidding
Reporter Paul Lee 2025.06.04
[Alpha Biz= Paul Lee] South Korean prosecutors have raided the headquarters of Hanssem, a major furniture company, as part of an i ...

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Prosecutors Seek Prison Sentences for Former Executives of Youngpoong Zinc Over Cadmium Pollution in Nakdong River
Reporter Kim Jisun 2025.06.04
[Alpha Biz= Kim Jisun] Prosecutors have demanded prison sentences in the appellate trial of former and current executives of Young ...

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Aekyung Group Pledges Nearly All of Its Jeju Air Shares to Secure Loans Amid Financial Strains
Reporter Kim Jisun 2025.06.04
[Alpha Biz= Kim Jisun] Seoul, June 3 – South Korea's Aekyung Group has effectively pledged nearly all of its stake in Jeju Air Co. ...

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Kia India Employees Under Police Investigation for Engine Theft
Reporter Paul Lee 2025.06.04
[Alpha Biz= Paul Lee] Seoul/New Delhi, June 3 — Kia’s Indian manufacturing unit has become the subject of a criminal investigation ...

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Hanmi Semiconductor Completes Largest-Ever Share Buyback Cancellation Worth KRW 130 Billion
Reporter Paul Lee 2025.06.02
[Alpha Biz= Paul Lee] Seoul, May 30 – Hanmi Semiconductor announced on Thursday that it has completed the cancellation of 1,302,05 ...