Business

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Samsung Fire, DB Insurance, Hyundai Marine and Other Insurers Raise Auto Insurance Premiums in South Korea
Paul Lee 03/03/2026 06:23 AM
Lotte Insurance CI. (Photo: Lotte Insurance)[Alpha Biz= Paul Lee] South Korea’s leading non-life insurers are raising auto insuran ...

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Bad Loan Write-offs at South Korea’s Top Banks Surpass KRW 8 Trillion for First Time
Paul Lee 03/03/2026 05:33 AM
Photo courtesy of Yonhap News[Alpha Biz= Paul Lee] South Korea’s five largest commercial banks—KB Kookmin Bank, Shinhan Bank, Hana ...

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South Korea’s Financial Regulator Sanctions KB Life Executive Over AML System Lapses
Paul Lee 03/03/2026 12:53 AM
Photo courtesy of Yonhap News [Alpha Biz= Paul Lee] South Korea’s Financial Supervisory Service has imposed a regulatory sanction ...

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Court Orders Provisional Seizure of Assets at Dawonsys Amid Dispute with Korail
Paul Lee 02/27/2026 06:58 AM
Photo courtesy of Yonhap News [Alpha Biz= Paul Lee] A South Korean court has ordered the provisional seizure of certain assets of ...

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Samchundang Pharm Signs Exclusive License and Commercialization Deal for Oral GLP-1 in 11 European Countries
Paul Lee 02/27/2026 06:53 AM
[Alpha Biz= Paul Lee] Samchundang Pharm announced on the 26th that it has signed a definitive agreement with a Europe-based global ...

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Meritz Financial Group Declines to Take Up KRW 480 Billion Senior Debt in IOTA Seoul Office Project
Paul Lee 02/27/2026 06:49 AM
Photo courtesy of Meritz Financial Group[Alpha Biz= Paul Lee] Meritz Financial Group has reportedly informed counterparties that i ...

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Daishin Securities Bans Stock Trading by All Research Staff in Internal Control Overhaul
Paul Lee 02/27/2026 06:41 AM
Photo courtesy of Yonhap News [Alpha Biz= Paul Lee] Daishin Securities has imposed a blanket ban on stock trading by all employees ...

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Korea’s Financial Regulators to Further Deliberate Bank Fines Over Hong Kong H-Index ELS Mis-Selling
Paul Lee 02/26/2026 07:34 AM
Exterior view of the Financial Services Commission. (Photo: FSC)[Alpha Biz= Paul Lee] South Korea’s Financial Services Commission ...

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Youngone Group’s Long-Standing Reputation at Risk as Founder Is Prosecuted Over Undisclosed Affiliates
Paul Lee 02/26/2026 07:04 AM
Youngone Corporation headquarters. (Photo courtesy of Youngone Corporation)[Alpha Biz= Paul Lee] For decades, Youngone Corporation ...

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Korea Fair Trade Commission Launches Review of Four Construction Firms Over Unfair Safety Cost Transfer
Paul Lee 02/26/2026 07:00 AM
Fair Trade Commission of Korea. (Photo courtesy of the Korea Fair Trade Commission)[Alpha Biz= Paul Lee] South Korea’s Fair Trade ...

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LG Uplus Customers May Seek Contract Penalty Waivers If Server Disposal Is Deemed Evidence Tampering
Paul Lee 02/26/2026 06:24 AM
Photo courtesy of Yonhap News[Alpha Biz= Paul Lee] If LG Uplus is found to have maliciously destroyed evidence following last year ...

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South Korea Orders Recall of 107,000 Vehicles From Hyundai, Kia and BMW Over Fire Risks
Paul Lee 02/26/2026 06:14 AM
Photo courtesy of Yonhap News[Alpha Biz= Paul Lee] South Korea’s Ministry of Land, Infrastructure and Transport (MOLIT) announced ...

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Min Hee-jin Offers to Forgo KRW 25.6 Billion Court Award in Exchange for End to All Legal Disputes With HYBE
Paul Lee 02/26/2026 06:04 AM
Photo courtesy of Yonhap News [Alpha Biz= Paul Lee] Min Hee-jin, former CEO of ADOR and current head of OK Records, on Tuesday pro ...

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[Exclusive] Samsung Electronics to Supply HBM3E 12-High Stacks to NVIDIA
Kim Jisun 08/12/2025 10:15 AM
Jensen Huang, CEO of NVIDIA, and Lee Jae-yong, Chairman of Samsung Electronics. (Photo: Yonhap News) [Alpha Biz (Chicago) – Kim Ji ...

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DL E&C Executives Resign En Masse Following Fatal Construction Site Accident
Kim Jisun 08/12/2025 03:56 AM
Photo courtesy of DL E&C[Alpha Biz= Kim Jisun] SEOUL, August 11 — DL E&C announced on Sunday that CEO Kang Yoon-ho, Chief ...

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POSCO Future M Terminates KRW 945 Billion ESS Cathode Material Supply Contract, Signs New LFP Partnership with CNGR
Kim Jisun 08/12/2025 03:52 AM
Photo courtesy of POSCO Future M[Alpha Biz= Kim Jisun] SEOUL, August 11 — POSCO Future M has terminated a KRW 945 billion long-ter ...

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Hahn & Company Selects TKG Taekwang as Preferred Bidder for Sale of Semiconductor Parts Maker Solmix
Kim Jisun 08/12/2025 03:43 AM
[Alpha Biz= Kim Jisun] SEOUL, August 11 — Private equity firm Hahn & Company has named TKG Taekwang as the preferred bidder fo ...

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Hyundai Motor Group Bolsters SDV and Autonomous Driving Capabilities with KRW 500.3 Billion Investment in 42dot
Kim Jisun 08/12/2025 03:16 AM
[Alpha Biz= Kim Jisun] SEOUL, August 11 — Hyundai Motor Group announced that its global software arm, 42dot, will carry out a KRW ...

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Hanssem Reports 68% Drop in Q2 Operating Profit, Net Income Surges to KRW 32.2 Billion
Kim Jisun 08/12/2025 03:07 AM
Photo courtesy of Hanssem[Alpha Biz= Kim Jisun] SEOUL, August 11 — Hanssem Co., Ltd., a KOSPI-listed home furnishing and remodelin ...

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Samsung Expands Role in Apple Supply Chain with Next-Gen Image Sensor and OLED Panel Contracts
Kim Jisun 08/12/2025 03:04 AM
Photo courtesy of Samsung Electronics[Alpha Biz= Kim Jisun] SEOUL, August 11 — Samsung Electronics is strengthening its position w ...