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Fair Trade Commission Imposes Record 422.7 Billion Won in Fines Last Year, Up 7.9% from the Previous Year
Reporter Kim Jisun 2025.06.11
[Alpha Biz= Kim Jisun] The Korea Fair Trade Commission (FTC) recorded a total of 422.7 billion won in fines imposed on companies f ...

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SLS Bio Sends Letter to Shareholders Amid Business Suspension, Omits Contract Termination with Novo Nordisk
Reporter Paul Lee 2025.06.11
[Alpha Biz= Paul Lee] SLS Bio (KOSDAQ: 246250) has issued a letter to its shareholders following a temporary suspension of operati ...

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South Korean Retail Stocks Tumble on Fears of New Holiday Closure Regulation
Reporter Paul Lee 2025.06.11
[Alpha Biz= Paul Lee] SEOUL, June 10 — Shares of major South Korean retail chains plunged on Monday amid growing concerns over pot ...

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Kakao Community Labor Union (Crew Union) Launches Its First Strike Since Establishment
Reporter Kim Jisun 2025.06.11
[Alpha Biz= Kim Jisun] On June 10, the Crew Union announced it will begin a series of staged strikes, starting with a 2-hour parti ...

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Siheung City Accelerates Creation of Specialized Bio Cluster with 2.2 Trillion KRW Investment Attraction
Reporter Kim Jisun 2025.06.11
[Alpha Biz= Kim Jisun] On June 10, Siheung City announced that it has signed a Memorandum of Understanding (MOU) with Chong Kun Da ...

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Fair Trade Commission Grants Conditional Approval for Merger Between K-OTT Platforms TVING and WAVVE
Reporter Kim Jisun 2025.06.11
[Alpha Biz= Kim Jisun] On June 10, the Fair Trade Commission (FTC) granted conditional approval for the corporate merger notifica ...

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Kakao Pay Shares Skyrocket 95% on Stablecoin Speculation; JPMorgan Warns of Overvaluation
Reporter Paul Lee 2025.06.11
[Alpha Biz= Paul Lee] SEOUL, June 10 — Kakao Pay shares have surged by 95.24% over the past month, according to data from the Kore ...

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YES24 Suffers Ransomware Attack Amid Prolonged Service Outage
Reporter Kim Jisun 2025.06.11
[Alpha Biz= Kim Jisun] SEOUL, June 10 — YES24, a leading South Korean online bookstore, has reportedly fallen victim to a ransomwa ...

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Embezzlement Case Uncovered at Sacheon NongHyup; Key Individual Found Dead
Reporter Kim Jisun 2025.06.11
[Alpha Biz= Kim Jisun] SACHEON, South Korea, June 10 — A large-scale embezzlement case involving billions of won has been uncovere ...

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Dispute Over Delivery Fees Deepens Between CJ Logistics Courier Union and Agency Association Amid Seven-Day Delivery Expansion
Reporter Kim Jisun 2025.06.11
[Alpha Biz= Kim Jisun] CJ Logistics’ introduction of seven-day delivery service, launched in January to include Sundays and public ...

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Hanjin Group Criticized for Strategic Use of Treasury Shares Ahead of Corporate Law Reform
Reporter Paul Lee 2025.06.11
[Alpha Biz= Paul Lee] Hanjin Group is facing backlash for its sudden move to use treasury shares to strengthen Chairman Cho Won-ta ...

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South Korea's Job Openings per Job Seeker Fall to Record Low in May, Reflecting Labor Market Strain
Reporter Paul Lee 2025.06.10
[Alpha Biz= Paul Lee] Seoul, June 9 – South Korea’s labor market conditions worsened significantly in May, with the number of job ...

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Hanwha Investment & Securities Lowers Target Price for POSCO Future M to KRW 140,000 Amid Continued EV Sector Weakness
Reporter Paul Lee 2025.06.10
[Alpha Biz= Paul Lee] Seoul, June 9 – Hanwha Investment & Securities has revised down its target price for POSCO Future M from ...

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IBK Investment & Securities Raises Hyosung Heavy Industries Target Price to KRW 860,000 on Robust U.S.-Driven Growth Outlook
Reporter Paul Lee 2025.06.10
[Alpha Biz= Paul Lee] Seoul, June 10 – IBK Investment & Securities announced on Monday that it has raised its target price for ...

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Theborn Korea Appoints Baek Jong-won as Sole CEO to Streamline Decision-Making
Reporter Paul Lee 2025.06.10
[Alpha Biz= Paul Lee] Seoul, June 9 – Theborn Korea announced that Baek Jong-won will now serve as the company’s sole Chief Execut ...

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KFTC Imposes Over KRW 422.7 Billion in Penalties in 2023; Coupang Case Tops Fines
Reporter Paul Lee 2025.06.10
[Alpha Biz= Paul Lee] Seoul, June 10 – The Korea Fair Trade Commission (KFTC) imposed a total of KRW 422.7 billion (approx. USD 30 ...

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Prosecutors Reapply for Arrest Warrants Over IBK Corporate Bank’s 88 Billion KRW Loan Fraud Scandal
Reporter Kim Jisun 2025.06.10
[Alpha Biz= Paul Lee] Seoul, June 9 – The Seoul Central District Prosecutors’ Office has reapplied for arrest warrants for a curre ...

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Daewoo E&C Labor Union Condemns Management for Breaking Wage Agreement
Reporter Paul Lee 2025.06.10
[Alpha Biz= Paul Lee] Seoul, June 9 – The labor union of Daewoo Engineering & Construction (Daewoo E&C) issued a strong st ...

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South Korea’s Fair Trade Commission Fines Jungheung Construction for Unfair Support to Owner Family's Company
Reporter Kim Jisun 2025.06.10
[Alpha Biz= Kim Jisun] Seoul, June 9 – South Korea’s Fair Trade Commission (KFTC) announced on June 9 that it has imposed correcti ...

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Air Busan Cabin Crew Union Files Human Rights Petition Demanding Solo Rest Rooms After Flights
Reporter Kim Jisun 2025.06.10
[Alpha Biz= Kim Jisun] Seoul, June 9 – The cabin crew union of Air Busan, the first labor union among low-cost carrier (LCC) fligh ...