Business

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Doosan Enerbility Secures ₩340 Billion Equipment Supply Deal for Two Saudi Gas-Fired Power Plants
Kim Jisun 05/28/2025 03:25 AM
Photo = Yonhap news[Alpha Biz= Kim Jisun] SEOUL, South Korea, May 27, 2025 — Doosan Enerbility announced today that it has signed ...

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Nongshim Breaks Ground on New Export-Only Ramen Factory in Busan
Kim Jisun 05/28/2025 03:20 AM
Photo = Nongshim[Alpha Biz= Kim Jisun] BUSAN, South Korea, May 27, 2025 — Nongshim has begun construction on a new export-only ram ...

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HYBE to Sell Entire Stake in SM Entertainment to Tencent Music for KRW 243.3 Billion
Kim Jisun 05/28/2025 03:14 AM
Source: HYBE[Alpha Biz= Kim Jisun] SEOUL, May 27, 2025 — HYBE Corporation has announced it will sell its entire stake in SM Entert ...

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Hyundai and Kia Sell Nearly 90,000 Vehicles in Europe in April, Market Share Slightly Declines
Kim Jisun 05/28/2025 03:07 AM
Exterior view of Hyundai Motor Group Meta Plant America (HMGMA). (Photo: Hyundai Motor Group)[Alpha Biz= Paul Lee] Hyundai Motor C ...

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CJ Logistics Increases Stake in Indian Subsidiary CJ Darcl to 56%
Kim Jisun 05/27/2025 08:31 PM
CJ Logistics headquarters building. (Photo courtesy of CJ Logistics)[Alpha Biz= Kim Jisun] SEOUL, South Korea, May 27, 2025 — CJ L ...

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Daewoo E&C Wins $784 Million Mineral Fertilizer Plant Project in Turkmenistan
Kim Jisun 05/27/2025 03:31 AM
Photo credit: Daewoo E&C[Alpha Biz= Kim Jisun] Daewoo Engineering & Construction (Daewoo E&C) announced on May 26 that ...

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KFTC Launches On-Site Probe into Korea Zinc Over Alleged Circular Shareholding Scheme
Kim Jisun 05/27/2025 03:28 AM
Photo courtesy of Korea Zinc[Alpha Biz= Kim Jisun] The Korea Fair Trade Commission (KFTC) has launched an on-site investigation in ...

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Controversy Surrounds Public Foundation Set Up by Hyosung Heir Amid Tax Break and Legal Dispute
Kim Jisun 05/27/2025 03:22 AM
Photo = Yonhap news[Alpha Biz= Kim Jisun] Danbit Foundation, a public interest foundation established by Cho Hyun-moon, former Vic ...

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Police Question Former President Yoon’s Mother-in-Law over Alleged Illegal Farmland Lease
Kim Jisun 05/27/2025 03:19 AM
Photo = Yonhap news [Alpha Biz= Kim Jisun] South Korean police recently questioned Choi Eun-soon, mother-in-law of former Presiden ...

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Court Dismisses KCC's Injunction Request to Suspend EBS President Kim Yuyul
Kim Jisun 05/27/2025 03:17 AM
Photo = Yonhap news[Alpha Biz= Kim Jisun] On May 26, the Goyang Branch of the Uijeongbu District Court dismissed an injunction req ...

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Dongkuk Steel Shuts Down Incheon Plant for the First Time Amid Prolonged Construction Slump
Kim Jisun 05/27/2025 03:11 AM
Photo = Yonhap news[Alpha Biz= Kim Jisun] As the economic downturn deepens across the steel industry, Dongkuk Steel has joined POS ...

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South Korean Government Launches Cybersecurity Inspections on Major Platform Companies Following SK Telecom Hacking Incident
Kim Jisun 05/27/2025 03:06 AM
[Alpha Biz= Kim Jisun] In response to the recent hacking incident at SK Telecom, the South Korean government has begun cybersecuri ...

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Samsung Bioepis Dismisses Speculation of Dual Listing Following Holding Company Announcement
Kim Jisun 05/26/2025 03:57 AM
Photo = Samsung Bioepis[Alpha Biz= Kim Jisun] Seoul, South Korea – May 25, 2025 – Samsung Bioepis has firmly denied speculation re ...

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SOOP Implements Major Price Hike for Subscription Services to Bolster Profitability
Kim Jisun 05/26/2025 03:48 AM
[Alpha Biz= Kim Jisun] Seoul, South Korea – May 25, 2025 – SOOP, a leading domestic streaming platform, will significantly raise i ...

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Kia to Resume Operations at Gwangju Plant 3 Following Suspension Due to Fatal Workplace Accident
Kim Jisun 05/26/2025 03:46 AM
View of Kia Autoland Gwangju Plant 2. / Yonhap News [Alpha Biz= Kim Jisun] Gwangju, South Korea – May 23, 2025 – Kia Corporation a ...

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Personal Information Protection Commission to Take Firm Action on SK Telecom Data Breach
Kim Jisun 05/26/2025 03:39 AM
Photo = SK Telecom[Alpha Biz= Kim Jisun] Seoul, South Korea – May 25, 2025 – The Personal Information Protection Commission (PIPC) ...

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Court Rules Kakao Mobility's AI-Based Dispatch Algorithm Not Unfair Practice
Kim Jisun 05/26/2025 03:29 AM
Photo = Kakao Mobility[Alpha Biz= Kim Jisun] Seoul, South Korea – May 25, 2025 – Kakao Mobility (Kakao Mobility, or “Kamo”) has im ...

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POSCO Group Launches First LNG Carrier to Expand Global Energy Business
Kim Jisun 05/26/2025 03:01 AM
Photo = Yonhap news [Alpha Biz= Kim Jisun] Seoul, South Korea – May 25, 2025 – POSCO Group is ramping up its global energy busines ...

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Kakao Mobility Wins Lawsuit Over Fair Trade Commission’s Penalty for Alleged Favoritism in Ride-Hailing
Kim Jisun 05/23/2025 03:51 AM
Photo = Kakao Mobility[Alpha Biz= Kim Jisun] Kakao Mobility has successfully overturned a ₩27.1 billion (approximately USD 20 mill ...

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Kakao Spins Off Daum Portal into New Subsidiary ‘Daum Ready Co., Ltd.’ After 11 Years
Kim Jisun 05/23/2025 03:48 AM
[Alpha Biz= Kim Jisun] Kakao announced on May 22 that it has spun off its Content CIC, which manages the Daum portal, into a new w ...