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YES24 Co-CEOs Issue Official Apology and Promise Compensation Following Ransomware Attack
Reporter Kim Jisun 2025.06.17
[Alpha Biz= Kim Jisun] Kim Seok-hwan and Choi Sera, Co-CEOs of YES24, issued an official apology on June 16 regarding the recent r ...

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Hyundai Glovis Increases Investment to KRW 200.6 Billion in Private Equity Fund for Asiana Cargo Business Acquisition
Reporter Kim Jisun 2025.06.17
[Alpha Biz= Kim Jisun] Hyundai Glovis (KRX: 086280) announced on June 16 that it will invest a total of KRW 200.6 billion in the p ...

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Pulmuone Affiliate Foodmerce Clarifies No Ongoing Outbreak Linked to Salmonella Concerns
Reporter Kim Jisun 2025.06.16
[Alpha Biz= Kim Jisun] Foodmerce, a food distribution affiliate of South Korean food company Pulmuone, issued a statement on June ...

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MBK Partners Offers to Forgo KRW 2.5 Trillion in Equity to Sell Homeplus Amid Court-Led Restructuring
Reporter Kim Jisun 2025.06.16
[Alpha Biz= Kim Jisun] MBK Partners, the private equity owner of South Korean retail chain Homeplus, has decided to relinquish KRW ...

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NAVER’s Ha Jung-woo Appointed as South Korea’s First Presidential Secretary for Future AI Planning
Reporter Kim Jisun 2025.06.16
[Alpha Biz= Kim Jisun] The Office of the President of South Korea announced on June 15 the appointment of Ha Jung-woo, Head of AI ...

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SK Group and AWS to Build South Korea’s First 100MW AI Data Center in Ulsan
Reporter Kim Jisun 2025.06.16
[Alpha Biz= Kim Jisun] SK Group is partnering with Amazon Web Services (AWS) to construct a large-scale, AI-dedicated data center ...

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Illegal Loan Operators to Be Blocked from Using KakaoTalk Starting June 16
Reporter Paul Lee 2025.06.16
[Alpha Biz= Paul Lee] South Korea’s Financial Supervisory Service (FSS) announced on June 15 that, starting June 16, it will block ...

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Hyundai Steel Announces Indefinite Shutdown of Pohang Plant No. 2 and Plans to Sell Part of Pohang
Reporter Paul Lee 2025.06.16
[Alpha Biz= Paul Lee] Hyundai Steel has announced the indefinite suspension of operations at its Pohang Plant No. 2 and revealed p ...

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Hyundai Motor Temporarily Halts Porter Truck Production Line Amid Weak Sales and Facility Upgrades
Reporter Paul Lee 2025.06.16
[Alpha Biz= Paul Lee] Hyundai Motor Company (KRX: 005380) will temporarily suspend operations at its Ulsan Plant No. 4 Line 2, whi ...

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KOGAS Responds Promptly to Audit Findings on Fire Safety and Security Management
Reporter Paul Lee 2025.06.16
[Alpha Biz= Paul Lee] Korea Gas Corporation (KOGAS) announced on June 13 that it has promptly and thoroughly implemented correctiv ...

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Prosecutors Reject Police Request for Search Warrant in HYBE Chairman Bang Si-hyuk’s Stock Fraud Probe
Reporter Kim Jisun 2025.06.16
[Alpha Biz= Kim Jisun] A search and seizure warrant requested by police in connection with HYBE Chairman Bang Si-hyuk’s alleged vi ...

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Search Warrant Issued for SPC Samlip’s Siheung Bakery Plant Following Worker’s Death
Reporter Kim Jisun 2025.06.16
[Alpha Biz= Paul Lee] South Korean police have obtained a court-approved search and seizure warrant for the SPC Samlip bakery fact ...

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YES24 Faces Criticism Over Poor Hacking Response as Owner Gifts Shares Amid Service Outage
Reporter Paul Lee 2025.06.16
[Alpha Biz= Paul Lee] South Korean online bookstore YES24 is under fire for its handling of a ransomware attack that has left its ...

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Worker Killed in Vehicle Accident at Costco Korea Logistics Center in Pyeongtaek
Reporter Paul Lee 2025.06.16
[Alpha Biz= Paul Lee] Authorities are investigating the death of a man in his 30s who was fatally injured in a vehicle-related acc ...

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Oasis Market Faces Criticism Over Workforce Restructuring Ahead of TMON Acquisition Approval
Reporter Kim Jisun 2025.06.16
[Alpha Biz= Kim Jisun] Oasis Market, a South Korean fresh grocery delivery company, is facing backlash for workforce restructuring ...

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Coway Acquires Remaining 40% Stake in NECOA Holdings to Strengthen U.S. Market Strategy
Reporter Paul Lee 2025.06.16
[Alpha Biz= Paul Lee] Coway announced that it has acquired the remaining 40% equity stake in its U.S.-based subsidiary, NECOA Hold ...

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NAVER to Build AI Data Center in Morocco as Part of Global Expansion
Reporter Kim Jisun 2025.06.13
[Alpha Biz= Kim Jisun] NAVER (KRX: 035420) is accelerating its presence in the global AI value chain. On June 13, Team NAVER annou ...

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WEMADE Files Appeal Against Court's Rejection of Injunction to Halt WEMIX Delisting
Reporter Paul Lee 2025.06.13
[Alpha Biz= Paul Lee] SEOUL, South Korea – June 12, 2025 — South Korean game developer WEMADE Co., Ltd. (KOSDAQ: 112040) has filed ...

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S-OIL Abruptly Halts New Graduate Recruitment Amid Industry Concerns
Reporter Paul Lee 2025.06.13
[Alpha Biz= Paul Lee] SEOUL, South Korea – June 12, 2025 — South Korea's third-largest oil refiner S-OIL Corp. has abruptly suspen ...

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Court Rules in Favor of Ottogi and MyeonSarang, Overturning Government Order to Terminate OEM Partnership
Reporter Paul Lee 2025.06.13
[Alpha Biz= Paul Lee] SEOUL, South Korea – June 12, 2025 — A South Korean court has ruled in favor of Ottogi Co., Ltd. and its lon ...

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