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Former and Current IBK Employees Face Second Pretrial Hearings Over KRW 88 Billion Loan Fraud Allegations
Reporter Paul Lee 2025.06.12
[Alpha Biz= Paul Lee] SEOUL, South Korea – June 11, 2025 — Two former and current employees of IBK Industrial Bank of Korea appear ...

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Former Woori Bank CEO Cleared of Charges in Illegal Loan Disclosure Case
Reporter Paul Lee 2025.06.12
[Alpha Biz= Paul Lee] SEOUL, South Korea – June 11, 2025 — Former Woori Bank CEO Cho Byung-kyu has been cleared of allegations tha ...

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Court Upholds Samsung Biologics in Appeal, Dismisses Regulator’s Executive Dismissal Orders Over Accounting Dispute
Reporter Paul Lee 2025.06.12
[Alpha Biz= Paul Lee] SEOUL, South Korea – June 11, 2025 — A South Korean appellate court has upheld a lower court ruling in favor ...

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Samsung Fire & Marine Expands Stake in Lloyd’s Insurer Canopius to 40%, Solidifies Position as Second-Largest Shareholder
Reporter Paul Lee 2025.06.12
[Alpha Biz= Paul Lee] SEOUL, South Korea – June 11, 2025 — Samsung Fire & Marine Insurance announced today that it has signed ...

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Labor Dispute Intensifies at GM Korea Amid Cost-Cutting Measures and Union Leader Dismissal
Reporter Paul Lee 2025.06.12
[Alpha Biz= Paul Lee] SEOUL, South Korea – June 11, 2025 — Tensions between GM Korea and its labor union are escalating ahead of a ...

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iM Securities Raises HYBE Target Price to KRW 360,000 on Anticipated Full BTS Reunion
Reporter Paul Lee 2025.06.11
[Alpha Biz= Paul Lee] SEOUL, South Korea – June 11, 2025 — iM Securities announced on Tuesday that it has raised its target price ...

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Samsung Biologics Signs $75.4 Million CMO Contract with European Pharmaceutical Company
Reporter Paul Lee 2025.06.11
[Alpha Biz= Paul Lee] Samsung Biologics announced on June 10 that it has signed a contract manufacturing organization (CMO) agreem ...

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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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