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FSS to Decide on Penalties for Banks Over Mis-selling of Hong Kong H-Index ELS on Oct. 23
Paul Lee 2025.10.21
[Alpha Biz= Paul Lee] SEOUL, Oct. 20 — South Korea’s Financial Supervisory Service (FSS) will hold a disciplinary review committee ...

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IMF Projects South Korea’s Per Capita GDP to Fall to 37th Globally in 2024; Taiwan to Overtake with Strong Growth
Paul Lee 2025.10.21
[Alpha Biz= Paul Lee] SEOUL, Oct. 20 — South Korea’s per capita gross domestic product (GDP) is expected to fall three places from ...

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Korea Investment & Securities Lowers Hyundai E&C Target Price by 19% Amid Q3 Earnings Shock
Paul Lee 2025.10.20
[Alpha Biz= Paul Lee] SEOUL, Oct. 20 — Korea Investment & Securities said Monday that Hyundai Engineering & Construction ( ...

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W Korea Faces Backlash Over Breast Cancer Awareness Event; Editor-in-Chief Deletes All Social Media Posts
Paul Lee 2025.10.20
[Alpha Biz= Paul Lee] SEOUL, Oct. 19 — Fashion magazine W Korea, published by Doosan Magazine, is facing heavy criticism after its ...

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Starbucks Korea’s Prepaid Balance Reaches ₩2.6 Trillion; Lawmakers Raise Oversight Concerns
Paul Lee 2025.10.20
[Alpha Biz= Paul Lee] SEOUL, Oct. 19 — Starbucks Korea, a subsidiary of retail giant Shinsegae Group, has accumulated nearly ₩2.6 ...

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Hanwha Ocean Apologizes After Fatal Accident at Geoje Shipyard
Paul Lee 2025.10.20
[Alpha Biz= Paul Lee] SEOUL, Oct. 17 — Hanwha Ocean issued an official apology on Thursday following a fatal accident at its Geoje ...

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KakaoTalk Restores Short-Form Tab After Temporary Service Outage
Paul Lee 2025.10.20
[Alpha Biz= Paul Lee] SEOUL, Oct. 17 — KakaoTalk experienced a temporary service disruption on its newly introduced Short-Form tab ...

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One Killed, One Injured in Heavy Object Accident at KG Steel’s Incheon Plant
Paul Lee 2025.10.20
[Alpha Biz= Paul Lee] INCHEON, Oct. 17 — A fatal industrial accident occurred at KG Steel’s Incheon plant, where one subcontracted ...

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LX Holdings to Acquire LG Gwanghwamun Building from LG Group for ₩512 Billion
Paul Lee 2025.10.20
[Alpha Biz= Paul Lee] SEOUL, Oct. 17 — LX Holdings (383800) announced that it will acquire the LG Gwanghwamun Building in Seoul’s ...

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Hyundai Engineering & Construction Shares Plunge on Forecast of Third-Quarter Earnings Shock
Paul Lee 2025.10.17
[Alpha Biz= Paul Lee] SEOUL, Oct. 17 — Shares of Hyundai Engineering & Construction Co. (Hyundai E&C) tumbled sharply in e ...

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Korea Fair Trade Commission Launches Investigation into E-Mart and Lotte Mart Over Alleged Produce Price Inflation Ahead of Government Discount Program
Paul Lee 2025.10.17
[Alpha Biz= Paul Lee] SEOUL, Oct. 16 — The Korea Fair Trade Commission (KFTC) has launched an investigation into E-Mart and Lotte ...

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Citibank Korea Restores Services After Six-Hour System Outage
Paul Lee 2025.10.17
[Alpha Biz= Paul Lee] SEOUL, Oct. 16 — Citibank Korea experienced a system failure on Wednesday morning that temporarily disrupted ...

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Dozens of Employees in Korean Financial Institutions Caught Using Borrowed-Name Accounts—Over 4,000 Transactions Worth Nearly ₩7 Billion Identified
Paul Lee 2025.10.17
[Alpha Biz= Kim Jisun] SEOUL, Oct. 16 — Over the past five years, dozens of employees across South Korea’s financial sector have b ...

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FSS Issues Institutional Warning to Shinhan Investment & Securities Over ₩130 Billion Trading Scandal
Paul Lee 2025.10.17
[Alpha Biz= Paul Lee] SEOUL, Oct. 16 — The Financial Supervisory Service (FSS) has issued an institutional warning to Shinhan Inve ...

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LG Display Launches Voluntary Retirement Program for Office Employees Following Earlier Factory Workforce Reduction
Paul Lee 2025.10.17
[Alpha Biz= Kim Jisun] SEOUL, Oct. 16 — LG Display announced plans to implement a voluntary retirement program for office employee ...

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South Korea Issues Level 4 Travel Ban for Parts of Cambodia Amid Surge in Kidnapping and Job Scam Cases
Paul Lee 2025.10.16
[Alpha Biz= Paul Lee] SEOUL, Oct. 15 — South Korea’s Ministry of Foreign Affairs announced that it will issue a Level 4 travel ale ...

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Senior Prosecutor Testifies That Key Evidence Was Omitted in Coupang Labor Case Dismissal
Paul Lee 2025.10.16
[Alpha Biz= Paul Lee] SEOUL, Oct. 15 — A sitting senior prosecutor testified before the National Assembly that the prosecution lea ...

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SK Telecom to Sell SK Stoa, Korea’s No. 1 Data Home Shopping Platform
Paul Lee 2025.10.16
[Alpha Biz= Paul Lee] SEOUL, Oct. 15 — SK Telecom has begun the process of selling its subsidiary SK Stoa, South Korea’s leading d ...

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Naver’s Operating Profit Expected to Exceed 3 Trillion Won Following Dunamu Merger
Paul Lee 2025.10.16
[Alpha Biz= Paul Lee] SEOUL, Oct. 15 — Naver Corp.’s consolidated operating profit is projected to surpass 3 trillion won followin ...

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Model Solution Fined for Accounting Violations; Auditors Also Disciplined
Paul Lee 2025.10.16
[Alpha Biz= Paul Lee] SEOUL, Oct. 15 — Model Solution, an affiliate of Korea & Company Group, has been fined by South Korean f ...