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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 ...

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Korea Fair Trade Commission Fines Hyosung and LS Electric for Bid-Rigging in Power Plant Project
Reporter Kim Jisun 2025.07.03
[Alpha Biz= Kim Jisun] The Korea Fair Trade Commission (KFTC) has issued corrective orders and imposed fines totaling KRW 152 mill ...

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Coupang Cancels Over 20,000 Orders Following Pricing Glitch on Cereal Cups
Reporter Paul Lee 2025.07.03
[Alpha Biz= Paul Lee] On June 2, Coupang announced the cancellation of more than 20,000 orders that resulted from a pricing error ...

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Viral 'Cancer Warning' Label on Buldak Ramen Sparks Global Misunderstanding Amid Soaring Popularity
Reporter Kim Jisun 2025.07.03
[Alpha Biz= Paul Lee] As global demand for Samyang Foods' Buldak Ramen surges, confusion is spreading internationally over a warni ...

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Hyundai, Kia Score Partial Legal Win in U.S. Vehicle Theft Lawsuits
Reporter Paul Lee 2025.07.02
[Alpha Biz= Paul Lee] Hyundai Motor and Kia have secured a partial victory in ongoing vehicle theft lawsuits filed by U.S. municip ...

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Dunamu and Naver Pay Partner to Explore KRW-Pegged Stablecoin Business
Reporter Paul Lee 2025.07.02
[Alpha Biz= Paul Lee] Dunamu, operator of South Korea’s leading cryptocurrency exchange Upbit, announced a partnership with Naver ...

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Hana Bank Launches Voluntary Early Retirement Program for Employees Aged 40 and Over
Reporter Paul Lee 2025.07.02
[Alpha Biz= Paul Lee] Hana Bank announced on July 1 that it will offer a voluntary early retirement program for employees aged 40 ...

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Korea Ratings Revises Hyundai Marine & Fire's Outlook to ‘Negative’ Citing Profitability and Capital Pressure
Reporter Kim Jisun 2025.07.02
[Alpha Biz= Kim Jisun] Korea Ratings (KR) has revised its outlook on Hyundai Marine & Fire Insurance from “Stable” to “Negativ ...

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Financial Authorities Grant Three-Year Waiver on Risk Weighting for KDB’s HMM Stake
Reporter Kim Jisun 2025.07.02
[Alpha Biz= Kim Jisun] South Korea’s financial authorities have issued a non-action letter to the Korea Development Bank (KDB), al ...

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HanaTour Faces Backlash After Traveler Dies of Suspected Salmonella Following Official Agent Tour
Reporter Kim Jisun 2025.07.02
[Alpha Biz= Kim Jisun] HanaTour, a major South Korean travel agency that brands itself as the country’s No.1, is under fire for di ...

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SillaJen Completes Merger with Woosung Pharmaceutical to Strengthen Pharmaceutical Business
Reporter Kim Jisun 2025.07.02
[Alpha Biz= Kim Jisun] SillaJen announced on July 1 that it has completed its small-scale merger with Woosung Pharmaceutical, foll ...

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POSCO E&C Wins KRW 1.5 Trillion LNG Terminal Project in Thailand
Reporter Kim Jisun 2025.07.02
[Alpha Biz= Kim Jisun] Seoul, July 1 — POSCO E&C announced that it has signed a construction contract with Gulf Development, a ...

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Hugel’s Botulinum Toxin ‘Letibot’ Gains Ground in China with Strong Quality Credentials
Reporter Kim Jisun 2025.07.02
[Alpha Biz= Kim Jisun] Seoul, July 1 — Hugel’s botulinum toxin product Letibot (marketed domestically as Botulax) is making rapid ...

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Taekwang Industrial’s Exchangeable Bond Plan Faces Regulatory Hurdle, Investment Timeline Disrupted
Reporter Kim Jisun 2025.07.02
[Alpha Biz= Kim Jisun] Seoul, July 1 — Taekwang Industrial’s plan to raise capital through exchangeable bonds (EBs) backed by trea ...

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Cuckoo Recalls Unregistered Microwave Oven Pans Imported Without Approval
Reporter Paul Lee 2025.07.02
[Alpha Biz= Paul Lee] Cuckoo Electronics, a major home appliance brand in South Korea, has been ordered to halt sales and recall c ...

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Hyosung Chemical Downgraded as Continued Losses and Weak PP Market Raise Capital Concerns
Reporter Paul Lee 2025.07.02
[Alpha Biz= Paul Lee] Hyosung Chemical has seen its credit rating downgraded due to persistent losses in its polypropylene (PP) bu ...

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NICE Investors Service Downgrades Dongwon Construction's Bond Rating to BBB- with Stable Outlook
Reporter Paul Lee 2025.07.01
[Alpha Biz= Paul Lee] Seoul, June 30, 2025 – NICE Investors Service has downgraded the senior unsecured bond rating of Dongwon Con ...

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