Business

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Taekwang Group Calls for Extraordinary Shareholders’ Meeting to Dismiss Lotte Homeshopping CEO
Paul Lee 03/18/2026 05:34 AM
Lotte Homeshopping headquarters. (Photo: Lotte Homeshopping)[Alpha Biz= Paul Lee] Taekwang Group, the second-largest shareholder o ...

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South Korea Orders Recall of ‘Andong-Style Braised Chicken’ After Salmonella Detection
Paul Lee 03/18/2026 05:31 AM
Photo of the recalled product. (Provided by the Ministry of Food and Drug Safety) [Alpha Biz= Paul Lee] South Korea’s Ministry of ...

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CJ CheilJedang Takes Full Control of Batavia Biosciences to Restructure Bio Business
Paul Lee 03/18/2026 05:18 AM
Photo: CJ[Alpha Biz= Paul Lee] CJ CheilJedang has acquired the remaining stake in Dutch contract development and manufacturing org ...

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Nvidia CEO Jensen Huang Praises Samsung Electronics and SK Hynix at GTC 2026
Paul Lee 03/18/2026 05:14 AM
Nvidia CEO Jensen Huang visits Samsung Electronics’ booth at GTC 2026 in San Jose, California. From left: Hwang Sang-jun, Vice Pre ...

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Labor Ministry Launches Special Inspection into Samjong KPMG After Deaths of Two Accountants
Paul Lee 03/17/2026 06:38 AM
Photo courtesy of Yonhap News[Alpha Biz= Paul Lee] South Korea’s Ministry of Employment and Labor has launched a special inspectio ...

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SK Ecoplant to Abandon Apartment Project Near Mongchontoseong Station, Sell Site to HUG
Paul Lee 03/17/2026 06:38 AM
SK Ecoplant headquarters. (Photo: SK Ecoplant)[Alpha Biz= Paul Lee] SK Ecoplant has decided to abandon a planned apartment develop ...

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Shinsegae Engineering & Construction Reports Fourth Consecutive Year of Operating Loss
Paul Lee 03/17/2026 06:34 AM
Photo: Shinsegae Engineering & Construction[Alpha Biz= Paul Lee] Shinsegae Engineering & Construction recorded an operatin ...

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FTC Investigates Dong Suh Foods Over Alleged Unfair Coffee Price Increase
Paul Lee 03/17/2026 06:29 AM
Dong Suh Foods products displayed at a large supermarket in Seoul. (Photo: Yonhap News)[Alpha Biz= Paul Lee] South Korea’s Fair Tr ...

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Musinsa Apologizes After Staff’s Alleged Rude Response to Foreign Customer Sparks Backlash
Paul Lee 03/17/2026 06:25 AM
Photo courtesy of Yonhap News [Alpha Biz= Paul Lee] A clothing brand store in South Korea—widely considered a must-visit shopping ...

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Labor Ministry Launches Special Inspection into Coupang Over Alleged Industrial Accident Cover-Up
Paul Lee 03/17/2026 06:09 AM
Photo: Coupang[Alpha Biz= Paul Lee] South Korea’s Ministry of Employment and Labor has launched a special inspection into Coupang ...

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Lobbying Allegations Over ‘Botulinum Toxin Technology Delisting’ Add Uncertainty to Daewoong–Medytox Dispute
Paul Lee 03/16/2026 09:01 PM
Photo courtesy of Yonhap News[Alpha Biz= Paul Lee] Allegations that Daewoong Pharmaceutical lobbied for the removal of botulinum t ...

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Shinhan Bank Uncovers $1.5 Million Financial Fraud Stemming from 2021 Lending Dispute
Paul Lee 03/16/2026 06:58 AM
Photo: Shinhan Bank[Alpha Biz= Paul Lee] SEOUL — Shinhan Bank, one of South Korea’s leading financial institutions, has disclosed ...

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Bithumb Could Face Larger Fine Than Upbit Over AML Violations
Paul Lee 03/16/2026 06:58 AM
Photo = Bithumb[Alpha Biz= Paul Lee] South Korean cryptocurrency exchange Bithumb may face a larger fine than rival Upbit for viol ...

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FTC Fines Mercedes-Benz Korea $8.4M Over Misleading EV Battery Information
Paul Lee 03/16/2026 06:51 AM
Photo courtesy of Yonhap News[Alpha Biz= Paul Lee] South Korea’s Fair Trade Commission has imposed a 112.39 billion won (about $8. ...

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KL&Partners to Put Mom’s Touch on Market; Valuation Expected to Reach $1 Billion
Paul Lee 03/16/2026 06:44 AM
Photo: Mom's Touch[Alpha Biz= Paul Lee] SEOUL, South Korea — KL&Partners, a prominent South Korean private equity firm, is pre ...

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Nature Cell-Linked Stem Cell Treatment in Japan Halted After Korean Patient Death
Paul Lee 03/16/2026 06:36 AM
[Alpha Biz= Paul Lee] Japanese authorities have ordered an emergency suspension of regenerative medicine treatments at a Tokyo cli ...

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"Selective Generosity": South Korean Ramen Giants Lower Prices Under Gov't Pressure, But Best-Sellers Stay Costly
Paul Lee 03/16/2026 06:31 AM
Photo courtesy of Yonhap News[Alpha Biz= Paul Lee] SEOUL, South Korea — On the 12th, President Lee Jae-myung announced during a Bl ...

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KICC Files Patent Lawsuit Against Toss Place Over Payment Terminal Technology
Paul Lee 03/16/2026 06:13 AM
Toss Bank. (Photo = Toss Bank)[Alpha Biz= Paul Lee] South Korea’s payment solutions company Korea Information & Communications ...

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South Korean Tax Authorities Crack Down on Celebrity "One-Man" Agencies as Fines Soar to $50 Million
Paul Lee 03/16/2026 06:00 AM
Photo: Fantagio[Alpha Biz= Paul Lee] SEOUL — The National Tax Service (NTS) has imposed a total of 69 billion KRW (approx. $50 mil ...

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KB Securities Sells Entire Stake in Next Securities
Paul Lee 03/13/2026 06:59 AM
Photo = KB Securities[Alpha Biz= Paul Lee] KB Securities has sold its entire stake in Next Securities, which it had held since the ...