Business

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KRAFTON Acquires 100% Stake in ‘Last Epoch’ Developer Eleventh Hour Games for $95.97 Million
Kim Jisun 07/28/2025 03:19 AM
Photo: KRAFTON[Alpha Biz= Kim Jisun] KRAFTON Inc. announced it will acquire a 100% stake in Eleventh Hour Games, the North America ...

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Executives of Furniture Suppliers Indicted for Collusive Bidding on KRW 120 Billion Apartment Projects; Hanssem Granted Leniency
Kim Jisun 07/28/2025 03:16 AM
Source: Hanssem[Alpha Biz= Kim Jisun] Prosecutors have indicted multiple furniture companies and their executives for engaging in ...

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Hyundai Steel Loses Lawsuit Over Refusal to Bargain with Subcontractor Union; Hanwha Ocean Wins Partial Claim
Kim Jisun 07/28/2025 03:16 AM
Photo courtesy of Yonhap News [Alpha Biz= Kim Jisun] Hyundai Steel has lost a legal challenge seeking to overturn a labor commissi ...

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SPC Group to Limit Night Shifts to Eight Hours, Reduce Extended Working Hours
Kim Jisun 07/28/2025 03:09 AM
Photo courtesy of Yonhap News[Alpha Biz= Kim Jisun] SPC Group announced that it has convened its CEO council, the “SPC Committee,” ...

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LG Electronics to Utilize Mexicali Plant for Appliance Production to Counter U.S. Tariffs; Announces First Share Buyback and Cancellation
Kim Jisun 07/28/2025 03:01 AM
Photo courtesy of Yonhap News[Alpha Biz= Kim Jisun] LG Electronics announced it will begin producing washing machines in Mexicali, ...

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Shilla and Shinsegae Duty Free Request Rent Cuts at Incheon Airport; Court Orders Accounting Review
Kim Jisun 07/25/2025 04:33 AM
Photo: The Shilla Duty Free[Alpha Biz= Kim Jisun] Shilla Duty Free and Shinsegae Duty Free have requested a 40% reduction in rent ...

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LG Electronics Announces First-Ever Share Cancellation to Enhance Corporate Value
Kim Jisun 07/25/2025 03:49 AM
Photo courtesy of Yonhap News [Alpha Biz= Kim Jisun] Seoul, July 24, 2025 – LG Electronics announced that it will cancel a portion ...

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Orion Recalls KRW 1.5 Billion Worth of 'ChamBungeoPpang' Due to Mold Reports
Kim Jisun 07/25/2025 03:44 AM
[Alpha Biz= Kim Jisun] Seoul, July 24, 2025 – Orion announced today that it will voluntarily recall all ChamBungeoPpang products c ...

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LG Energy Solution Wins Patent Lawsuit Against China’s Sunwoda in Germany
Kim Jisun 07/25/2025 03:35 AM
Photo courtesy of Yonhap News[Alpha Biz= Kim Jisun] LG Energy Solution has secured a victory in a patent infringement lawsuit agai ...

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NH Investment & Securities Under Investigation for Insider Trading Allegations
Kim Jisun 07/25/2025 03:27 AM
NH Investment & Securities[Alpha Biz= Kim Jisun] South Korean financial regulators have launched a raid on the headquarters of ...

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Hyundai Kefico Fined for Illegally Sharing Subcontractor’s Technical Data
Kim Jisun 07/24/2025 06:34 AM
[Alpha Biz= Paul Lee] Hyundai Kefico, an affiliate of Hyundai Motor Group, has been fined by the Korea Fair Trade Commission (KFTC ...

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Dongbu Corporation Secures Another Major Road Construction Project in Vietnam
Kim Jisun 07/24/2025 06:32 AM
Dongbu Corporation Headquarters (Photo: Dongbu Corporation)[Alpha Biz= Kim Jisun] Dongbu Corporation announced on July 23 that it ...

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YouTuber Indicted for Spreading False Rumors About SK Group Chairman Chey Tae-won and T&C Foundation Director Kim Hee-young
Kim Jisun 07/24/2025 06:26 AM
Photo courtesy of Yonhap News[Alpha Biz= Kim Jisun] On July 23, the legal community reported that the Seoul Northern District Pros ...

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Shin Young-ja Sells Entire Stake in Lotte Chilsung to Cover Inheritance Tax
Kim Jisun 07/24/2025 06:20 AM
Shin Young-ja (front), Chairperson of the Lotte Foundation, and Jang Hye-sun, Director of the Lotte Scholarship Foundation[Alpha B ...

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Former Samsung Executive Sentenced to Six Years in Prison for Leaking Semiconductor Trade Secrets to China
Kim Jisun 07/24/2025 06:17 AM
Photo: Samsung Electronics[Alpha Biz= Kim Jisun] A former senior Samsung Electronics engineer has been sentenced to six years in p ...

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OCI Reports Q2 2024 Results – Returns to Operating Loss Due to Subsidiary Impact
Kim Jisun 07/24/2025 06:10 AM
Photo: OCI Corporation[Alpha Biz= Kim Jisun] Seoul, Korea – July 23, 2024 – OCI announced its consolidated financial results for t ...

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CJ ENM Establishes Middle East Branch in Saudi Arabia — First Korean Entertainment Company to Enter the Region
Kim Jisun 07/24/2025 05:50 AM
Photo courtesy of Yonhap News[Alpha Biz= Kim Jisun] CJ ENM announced on the 23rd that it has established CJ ENM Middle East, its f ...

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Han Seong-sook Appointed as Minister of SMEs and Startups — First Business Executive to Lead the Ministry
Kim Jisun 07/24/2025 05:43 AM
Han Seong-sook, Former CEO of Naver. (Photo = Naver)[Alpha Biz= Kim Jisun] Han Seong-sook, former CEO of Naver, has been appointed ...

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Emart May Walk Away from Call Option on OK Meat Stake Amid Earnings Deterioration
Kim Jisun 07/23/2025 03:55 AM
Photo courtesy of Yonhap News[Alpha Biz= Kim Jisun] Emart’s strategic investment in meat importer and processor OK Meat may face a ...

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Special Counsel to Question Financial Firms in Second Round of Probe into 'Butler Gate' Tied to First Lady
Kim Jisun 07/23/2025 03:43 AM
Photo courtesy of Yonhap News[Alpha Biz= Kim Jisun] The special counsel team led by Prosecutor Min Jung-ki, which is investigating ...