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NTS Launches Tax Probe into 49 Foreigners for Tax Evasion Linked to High-End Apartment Purchases in Seoul's Gangnam Area
Kim Jisun 2025.08.08
[Alpha Biz= Kim Jisun] The National Tax Service (NTS) of South Korea announced on August 7 that it has launched a tax investigatio ...

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LG Chem to Sell Aesthetics Business to VIG Partners for KRW 200 Billion
Kim Jisun 2025.08.08
[Alpha Biz= Kim Jisun] SEOUL, August 7, 2025 — LG Chem announced today that it will sell its Aesthetics Business Unit, under the L ...

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SK Square and CJ ENM Finalize Additional Investment in Content Wavve to Launch Unified K-OTT Platform
Kim Jisun 2025.08.08
[Alpha Biz= Kim Jisun] SK Square announced on August 7 that it has completed preparations for launching a unified Korean OTT (K-OT ...

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Korean Government Considers Business Suspension Even for Single Industrial Accident Fatality
Kim Jisun 2025.08.08
[Alpha Biz= Kim Jisun] In response to a recent string of fatal industrial accidents, the South Korean government is reviewing meas ...

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Korean Air Faces Route Restrictions for Densified Economy Seating Under Antitrust Conditions
Kim Jisun 2025.08.08
[Alpha Biz= Kim Jisun] SEOUL, Aug. 7 (Alpha Biz) — Korean Air’s plan to deploy Boeing 777-300ER aircraft with a denser economy cla ...

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KFTC to File Criminal Complaint Against Nongshim Chairman for Allegedly Concealing Affiliates to Avoid Big Business Designation
Kim Jisun 2025.08.07
[Alpha Biz= Kim Jisun] The Korea Fair Trade Commission (KFTC) announced on August 6 that it plans to file a criminal complaint aga ...

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U.S. Hedge Fund Invests KRW 350 Billion in Korean Stock Market via Local Asset Manager
Kim Jisun 2025.08.07
[Alpha Biz= Kim Jisun] Millennium Management, a prominent U.S.-based hedge fund, has committed to investing approximately $250 mil ...

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FSS Begins Sanctions Process Over Mis-selling of Hong Kong H-Index ELS, Fines May Reach Trillions of KRW
Kim Jisun 2025.08.07
[Alpha Biz= Kim Jisun] Seoul, August 6, 2025 – The Financial Supervisory Service (FSS) has initiated disciplinary procedures again ...

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SK Group Divests Entire Stake in Vietnam’s Vingroup, Secures Over KRW 1 Trillion for Strategic Rebalancing
Kim Jisun 2025.08.07
[Alpha Biz= Kim Jisun] Seoul, August 6, 2025 – SK Group has completed the full divestment of its 6.05% stake in Vingroup, Vietnam’ ...

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Japanese Carmakers Report Sharp Profit Declines Amid U.S. Tariff Pressures
Kim Jisun 2025.08.07
[Alpha Biz= Kim Jisun] TOKYO, August 6, 2025 —Japanese automakers are reporting disappointing second-quarter earnings as the effec ...

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K-Bio Firms Accelerate U.S. Production as Trump Threatens Up to 250% Tariffs on Drug Imports
Kim Jisun 2025.08.07
[Alpha Biz= Kim Jisun] SEOUL, August 6, 2025 — South Korean biopharmaceutical companies are accelerating efforts to localize produ ...

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Hanwha Systems to Equip KF-21 Fighter Jets with AESA Radar Systems by 2028
Kim Jisun 2025.08.07
[Alpha Biz= Kim Jisun] SEOUL, August 6, 2025 — Hanwha Systems announced that it will supply Active Electronically Scanned Array (A ...

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HYBE Chairman Bang Si-hyuk Apologizes to Staff Amid IPO Investigation, Vows to Cooperate with Authorities
Kim Jisun 2025.08.07
[Alpha Biz= Kim Jisun] SEOUL, August 6, 2025 — Bang Si-hyuk, Chairman of HYBE and founder of the global entertainment powerhouse, ...

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GS Chairman’s Daughter Acquires ₩4.9 Billion Worth of GS Shares Over Two Months
Kim Jisun 2025.08.06
[Alpha Biz= Kim Jisun] SEOUL, August 5, 2025 — Heo Jeong-hyeon (25), the only daughter of GS Group Chairman Huh Tae-soo and a four ...

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National Pension Service Moves to Enter Korea’s KRW 400 Trillion Retirement Pension Market
Kim Jisun 2025.08.06
[Alpha Biz= Kim Jisun] South Korea’s National Pension Service (NPS) is poised to step into the country’s massive KRW 400 trillion ...

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Ourhome, Now a Hanwha Affiliate, Explores Acquisition of Shinsegae Food’s Catering Business
Kim Jisun 2025.08.06
[Alpha Biz= Kim Jisun] SEOUL, August 5, 2025 — Ourhome, recently incorporated into Hanwha Group, is reportedly in discussions to a ...

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Hanwha Denies Takeover Intent Amid Australian Government's Defense Safeguards for Austal
Kim Jisun 2025.08.06
[Alpha Biz= Kim Jisun] Hanwha has officially denied any intention to acquire management control of Austal Limited, following the A ...

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POSCO E&C CEO Resigns Amid Continued Industrial Accidents, Offers Public Apology
Kim Jisun 2025.08.06
[Alpha Biz= Kim Jisun] POSCO E&C CEO Jung Hee-min announced his resignation on August 5 following a series of industrial accid ...

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Naver Acquires Spain’s Largest C2C Platform Wallapop for €377 Million
Kim Jisun 2025.08.06
[Alpha Biz= Kim Jisun] Naver announced on August 5 that it has acquired Spain’s largest consumer-to-consumer (C2C) platform, Walla ...

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BTS Denies Participation in Michael Jackson Tribute Album
Kim Jisun 2025.08.06
[Alpha Biz= Kim Jisun] BTS has officially denied reports claiming their participation in an upcoming Michael Jackson tribute album ...