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Hyundai Motor Union Demands 4.5-Day Workweek and Retirement Age Extension to 64 in 2024 Wage Negotiations
Kim Jisun 2025.05.29
[Alpha Biz= Kim Jisun] Hyundai Motor Company’s labor union, the largest in South Korea by membership, has announced its key demand ...

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NIBEC Signs $435 Million Licensing Deal with U.S. Pharma Company for Fibrosis Treatment Candidate
Kim Jisun 2025.05.29
[Alpha Biz= Kim Jisun] NIBEC, a biotechnology company specializing in peptide-based drug development, announced on the 28th that i ...

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SK Square Invests $40 Million in U.S. Semiconductor Materials Firm to Boost Synergy with SK Hynix
Kim Jisun 2025.05.29
[Alpha Biz= Kim Jisun] SK Square is investing $40 million (approximately 55 billion KRW) in a U.S.-based semiconductor materials c ...

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Homeplus Files Criminal Complaint Against Shin Young Securities CEO Over ABSTB Dispute
Kim Jisun 2025.05.29
[Alpha Biz= Kim Jisun] Tensions are escalating between Homeplus and Shin Young Securities over issues surrounding the company’s As ...

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Kakao Taxi Franchise Fined $29 Million for Charging Platform Fees Without App Usage
Kim Jisun 2025.05.29
[Alpha Biz= Kim Jisun] Kakao Mobility’s taxi franchise headquarters has been hit with a fine of approximately 3.88 billion KRW (ab ...

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Korea Exit Fears Resurface as GM Korea Halts New Vehicle Production and Begins Asset Sales
Kim Jisun 2025.05.29
[Alpha Biz= Kim Jisun] GM Korea has decided not to produce any new vehicles at its domestic plants, fueling renewed concerns over ...

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Samsung Electronics Secures KRW 2 Trillion Semiconductor Loan from Korea Development Bank for the First Time
Kim Jisun 2025.05.29
[Alpha Biz= Kim Jisun] According to industry sources on May 28, Samsung Electronics has secured a KRW 2 trillion loan from the Kor ...

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POSCO Future M Files Amended Capital Increase Report Including Business Risks and Investment Plans
Kim Jisun 2025.05.28
[Alpha Biz= Kim Jisun] On May 26, POSCO Future M submitted an amended capital increase report to the Financial Supervisory Service ...

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Prosecution Summons Former Taekwang Group Chairman Lee Ho-jin Over Embezzlement and Breach of Trust Allegations
Kim Jisun 2025.05.28
[Alpha Biz= Kim Jisun] On May 27, the Seoul Central District Prosecutors’ Office summoned Lee Ho-jin, former chairman of Taekwang ...

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Personal Information Protection Commission Launches Group Mediation Process Over SK Telecom Data Breach
Kim Jisun 2025.05.28
[Alpha Biz= Kim Jisun] The Personal Information Protection Commission (PIPC) announced on May 27 that it has received a group disp ...

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Hoban Group Acquires Over 3% Stake in LS Corp, Gaining Key Shareholder Rights
Kim Jisun 2025.05.28
[Alpha Biz= Kim Jisun] Hoban Group has recently acquired more than a 3% stake in LS Corp, the holding company of LS Group, signali ...

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Doosan Enerbility Secures ₩340 Billion Equipment Supply Deal for Two Saudi Gas-Fired Power Plants
Kim Jisun 2025.05.28
[Alpha Biz= Kim Jisun] SEOUL, South Korea, May 27, 2025 — Doosan Enerbility announced today that it has signed supply contracts wo ...

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Nongshim Breaks Ground on New Export-Only Ramen Factory in Busan
Kim Jisun 2025.05.28
[Alpha Biz= Kim Jisun] BUSAN, South Korea, May 27, 2025 — Nongshim has begun construction on a new export-only ramen production fa ...

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HYBE to Sell Entire Stake in SM Entertainment to Tencent Music for KRW 243.3 Billion
Kim Jisun 2025.05.28
[Alpha Biz= Kim Jisun] SEOUL, May 27, 2025 — HYBE Corporation has announced it will sell its entire stake in SM Entertainment to T ...

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Hyundai and Kia Sell Nearly 90,000 Vehicles in Europe in April, Market Share Slightly Declines
Kim Jisun 2025.05.28
[Alpha Biz= Paul Lee] Hyundai Motor Company and Kia sold a combined total of 89,890 vehicles in the European market last month, re ...

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CJ Logistics Increases Stake in Indian Subsidiary CJ Darcl to 56%
Kim Jisun 2025.05.27
[Alpha Biz= Kim Jisun] SEOUL, South Korea, May 27, 2025 — CJ Logistics announced that it has increased its ownership stake in its ...

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Daewoo E&C Wins $784 Million Mineral Fertilizer Plant Project in Turkmenistan
Kim Jisun 2025.05.27
[Alpha Biz= Kim Jisun] Daewoo Engineering & Construction (Daewoo E&C) announced on May 26 that it has signed a main contra ...

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KFTC Launches On-Site Probe into Korea Zinc Over Alleged Circular Shareholding Scheme
Kim Jisun 2025.05.27
[Alpha Biz= Kim Jisun] The Korea Fair Trade Commission (KFTC) has launched an on-site investigation into the headquarters of Korea ...

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Operator of Korea’s Largest Piracy Site 'NunuTV' Sentenced to Three Years in Prison
Kim Jisun 2025.05.27
[Alpha Biz= Kim Jisun] The operator of NunuTV, South Korea’s largest copyright-infringing website that illegally distributed hit K ...

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Controversy Surrounds Public Foundation Set Up by Hyosung Heir Amid Tax Break and Legal Dispute
Kim Jisun 2025.05.27
[Alpha Biz= Kim Jisun] Danbit Foundation, a public interest foundation established by Cho Hyun-moon, former Vice President of Hyo ...

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