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Incheon Airport Authority Rejects Shilla and Shinsegae Duty Free Rent Reduction Request, Dispute Escalates
Reporter Paul Lee 2025.08.14
[Alpha Biz= Paul Lee] The rental dispute between Shilla Duty Free, Shinsegae Duty Free, and Incheon International Airport Corporat ...

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Hyundai Steel Drops ₩4.6 Billion Lawsuit Against Non-Regular Workers Over 2021 Strike
Reporter Kim Jisun 2025.08.14
[Alpha Biz= Kim Jisun] Hyundai Steel has withdrawn a damages lawsuit worth approximately ₩4.61 billion (US$3.3 million) against no ...

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VIG Partners Denies Plans to Sell Eastar Jet Amid Market Speculation
Reporter Paul Lee 2025.08.14
[Alpha Biz= Paul Lee] VIG Partners, the majority shareholder of Eastar Jet, dismissed rumors on August 13 that it is preparing to ...

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Homeplus to Close 15 Stores, Offer Voluntary Unpaid Leave to Headquarters Staff Amid Restructuring
Reporter Paul Lee 2025.08.14
[Alpha Biz= Paul Lee] Homeplus, currently undergoing corporate rehabilitation proceedings, has announced plans to close 15 rental- ...

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DL Chemical and Hanwha Solutions Struggle with Prolonged Losses Amid Weak Petrochemical Market
Reporter Paul Lee 2025.08.14
[Alpha Biz= Paul Lee] DL Chemical posted second-quarter standalone sales of ₩367.2 billion, down 28.7% from the same period last y ...

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Hyundai to Halt Ulsan EV Production Line for Sixth Time in 2024 Amid Sluggish Sales
Reporter Kim Jisun 2025.08.14
[Alpha Biz= Kim Jisun] Hyundai Motor will suspend operations at one of its electric vehicle (EV) production lines in Ulsan for the ...

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Burger King Korea Operator Fined by Antitrust Regulator, Cites Compliance with Global Standards
Reporter Kim Jisun 2025.08.14
[Alpha Biz= Kim Jisun] BKR, the operator of Burger King in South Korea, has been fined by the Korea Fair Trade Commission (KFTC) f ...

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Samsung Display Secures De Facto Victory in U.S. Trade Commission OLED Trade Secrets Case Against BOE
Reporter Kim Jisun 2025.08.14
[Alpha Biz= Kim Jisun] Samsung Display has effectively won its trade secrets lawsuit against Chinese rival BOE at the U.S. Interna ...

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Orion Chairman Dam Chul-gon Gifts 6,000 Shares to Two-Year-Old Granddaughter
Reporter Kim Jisun 2025.08.14
[Alpha Biz= Kim Jisun] Dam Chul-gon, 70, Chairman of Orion Group, has gifted 6,000 common shares of Orion Corp. to his two-year-ol ...

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Naver Partners with J&P Medi to Advance AI-Driven Digital Healthcare and Expand Globally
Reporter Kim Jisun 2025.08.14
[Alpha Biz= Kim Jisun] Naver announced on August 13 that it has signed a comprehensive business agreement with J&P Medi to str ...

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U.S. Court Sides with Korea in Dispute Over Countervailing Duties on POSCO Steel Imports
Reporter Paul Lee 2025.08.14
[Alpha Biz= Paul Lee] The U.S. Court of International Trade (CIT) has ruled in favor of Korea in a lawsuit challenging a U.S. Depa ...

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Rent Dispute Between Incheon Airport Authority and Shilla & Shinsegae Duty-Free Shops Shows No Signs of Resolution
Reporter Paul Lee 2025.08.13
[Alpha Biz= Paul Lee] Tensions remain high as Incheon International Airport Corporation (IIAC) refuses to accept rent adjustment r ...

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Yeocho NCC Avoids Bankruptcy as LG Chem Moves to Close Two Plants Amid Industry Struggles
Reporter Kim Jisun 2025.08.13
[Alpha Biz= Kim Jisun] Seoul, Korea – Alpha Biz – Yeocho NCC, which has been struggling with financial difficulties, has narrowly ...

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Hanwha and DL Groups Clash Over Yeocho NCC's Financial Struggles Amid Industry Downturn
Reporter Kim Jisun 2025.08.13
[Alpha Biz= Kim Jisun] Yeocho NCC's Yeosu Plant No. 2 is a key facility in South Korea's petrochemical industry, specializing in t ...

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NCSoft Reports Q2 Earnings Surprise with 71% Increase in Operating Profit
Reporter Paul Lee 2025.08.13
[Alpha Biz= Paul Lee] Seoul, Korea – The wage and collective bargaining agreements for six subsidiaries under Naver have collapsed ...

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LX Hausys Faces Major Business Risks from Silica Exposure Lawsuits in North America
Reporter Kim Jisun 2025.08.13
[Alpha Biz= Kim Jisun] Seoul, Korea – LX Hausys, a leading producer of engineered stone (artificial marble) primarily manufactured ...

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Naver Labor Union Announces First Official Dispute After Collective Bargaining Breakdown
Reporter Paul Lee 2025.08.13
[Alpha Biz= Paul Lee] The wage and collective bargaining agreements for six Naver subsidiaries have collapsed, and the Naver Labor ...

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Kakao Enhances Message Deletion Feature in KakaoTalk with Major Update
Reporter Kim Jisun 2025.08.13
[Alpha Biz= Kim Jisun] Seoul, Korea – Kakao has significantly improved the message deletion feature in KakaoTalk, allowing users t ...
Do Kwon, Terraform Labs Founder, Reportedly to Plead Guilty in U.S. Criminal Trial
Reporter Paul Lee 2025.08.13
[Alpha Biz= Paul Lee] Seoul, Korea – Do Kwon, the founder of Terraform Labs and the creator of the stablecoin TerraUSD (Terra), is set to change his plea and admit guilt to fraud-r ...

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Do Kwon, Terraform Labs Founder, Reportedly to Plead Guilty in U.S. Criminal Trial
Reporter Paul Lee 2025.08.13
[Alpha Biz= Paul Lee] Seoul, Korea – Do Kwon, the founder of Terraform Labs and the creator of the stablecoin TerraUSD (Terra), is ...

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