Business

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Former Lotte Executive Shin Dong-joo Files Shareholder Lawsuit Against Chairman Shin Dong-bin in Japan
Kim Jisun 07/07/2025 03:11 AM
Photo = Yonhap news[Alpha Biz= Kim Jisun] Shin Dong-joo, former Vice Chairman of Lotte Holdings Japan and current Chairman of SDJ ...

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Air Premia Flight Delayed in Los Angeles Due to Tire Damage Before Takeoff
Kim Jisun 07/07/2025 03:04 AM
Air Premia aircraft. (Photo courtesy of Air Premia)[Alpha Biz= Kim Jisun] An Air Premia flight departing from Los Angeles (LAX) to ...

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Exclusive Delivery Partnership Between Kyochon and Baemin Falls Through
Kim Jisun 07/04/2025 03:55 AM
Photo = Yonhap news[Alpha Biz= Kim Jisun] A proposed exclusive partnership between Kyochon F&B, the operator of Kyochon Chicke ...

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Kolmar Family Feud Escalates in Court Over Management Control Dispute
Kim Jisun 07/04/2025 03:53 AM
Yoon Sang-hyun, Vice Chairman of Kolmar Holdings (left), and Yoon Yeo-won, CEO of Kolmar BNH. (Photo courtesy of Kolmar Holdings)[ ...

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Kakao Entertainment to Wind Down Thai Webtoon Subsidiary Amid Global Strategy Shift
Kim Jisun 07/04/2025 03:46 AM
Photo = Yonhap news[Alpha Biz= Kim Jisun] Kakao Entertainment is preparing to dissolve its Thai subsidiary following the decision ...

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Hyundai Steel Signs Strategic Agreement with AWS to Supply Eco-Friendly Steel for Asia-Pacific Data Centers
Kim Jisun 07/04/2025 03:39 AM
Photo = Yonhap news[Alpha Biz= Kim Jisun] Hyundai Steel announced on July 3 that it has signed a Strategic Framework Agreement (SF ...

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Celltrion Ordered to Pay KRW 8.8 Billion Following Partial Loss in COVID-19 Test Kit Dispute with Humasis
Kim Jisun 07/04/2025 03:36 AM
Photo = Celtrion[Alpha Biz= Kim Jisun] Celltrion announced on July 3 that it will appeal a court ruling in a civil lawsuit with Hu ...

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Samyang Foods Breaks Ground on First Overseas Production Plant in China
Kim Jisun 07/04/2025 03:32 AM
[Alpha Biz= Kim Jisun] Samyang Foods, the company behind the global hit Buldak Ramen, held a groundbreaking ceremony on July 3 for ...

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HYBE Chairman Bang Si-hyuk Under Regulatory Investigation Over Alleged Pre-IPO Misconduct; Stock Drops 4.75%
Kim Jisun 07/04/2025 03:00 AM
Bang Si-hyuk. (Photo credit: HYBE)[Alpha Biz= Kim Jisun] HYBE Chairman Bang Si-hyuk has recently undergone questioning by South Ko ...

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Korean Police Uncover Additional Allegations in Loan Fraud Case Involving Former Woori Financial Chairman’s Relative
Kim Jisun 07/03/2025 03:43 AM
Photo = Yonhap news[Alpha Biz= Kim Jisun] South Korean police have uncovered additional allegations of fraudulent loans involving ...

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Daughter of Hankook & Company Honorary Chairman Wins Final Appeal in $44 Million Gift Tax Case
Kim Jisun 07/03/2025 03:31 AM
Cho Yang-rae, Honorary Chairman of Hankook & Company Group. (Photo courtesy of Hankook & Company Group)[Alpha Biz= Kim Jis ...

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Taekwang Industrial Halts Follow-up Procedures for Proposed Exchangeable Bonds Amid Shareholder Backlash
Kim Jisun 07/03/2025 03:28 AM
[Alpha Biz= Kim Jisun] Taekwang Industrial announced on July 2 that it will suspend follow-up procedures for its recently proposed ...

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STX Faces Regulatory Sanctions for Accounting Violations and Audit Obstruction
Kim Jisun 07/03/2025 03:14 AM
STX building. (Photo = STX)[Alpha Biz= Kim Jisun] The Securities and Futures Commission (SFC) under South Korea’s Financial Servic ...

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Korea Fair Trade Commission Fines Hyosung and LS Electric for Bid-Rigging in Power Plant Project
Kim Jisun 07/03/2025 03:00 AM
Photo = Fair Trade Commission[Alpha Biz= Kim Jisun] The Korea Fair Trade Commission (KFTC) has issued corrective orders and impose ...

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Viral 'Cancer Warning' Label on Buldak Ramen Sparks Global Misunderstanding Amid Soaring Popularity
Kim Jisun 07/03/2025 02:27 AM
[Alpha Biz= Paul Lee] As global demand for Samyang Foods' Buldak Ramen surges, confusion is spreading internationally over a warni ...

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Korea Ratings Revises Hyundai Marine & Fire's Outlook to ‘Negative’ Citing Profitability and Capital Pressure
Kim Jisun 07/02/2025 03:41 AM
Photo courtesy of Hyundai Marine & Fire Insurance[Alpha Biz= Kim Jisun] Korea Ratings (KR) has revised its outlook on Hyundai ...

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Financial Authorities Grant Three-Year Waiver on Risk Weighting for KDB’s HMM Stake
Kim Jisun 07/02/2025 03:38 AM
Photo=HMM[Alpha Biz= Kim Jisun] South Korea’s financial authorities have issued a non-action letter to the Korea Development Bank ...

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HanaTour Faces Backlash After Traveler Dies of Suspected Salmonella Following Official Agent Tour
Kim Jisun 07/02/2025 03:35 AM
Photo = Yonhap news[Alpha Biz= Kim Jisun] HanaTour, a major South Korean travel agency that brands itself as the country’s No.1, i ...

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SillaJen Completes Merger with Woosung Pharmaceutical to Strengthen Pharmaceutical Business
Kim Jisun 07/02/2025 03:27 AM
Photo courtesy of SillaJen[Alpha Biz= Kim Jisun] SillaJen announced on July 1 that it has completed its small-scale merger with Wo ...

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POSCO E&C Wins KRW 1.5 Trillion LNG Terminal Project in Thailand
Kim Jisun 07/02/2025 03:23 AM
Photo=POSCO E&C[Alpha Biz= Kim Jisun] Seoul, July 1 — POSCO E&C announced that it has signed a construction contract with ...