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IMF Projects Korea’s Economy to Rebound Sharply in 2025 — Growth to Double to 1.8%
Paul Lee 특파원 2025.10.15
[Alpha Biz= Paul Lee] Seoul/Washington, October 14 — The International Monetary Fund (IMF) forecast that South Korea’s economy wil ...

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Hyundai, Kia Face Deeper Q3 Profit Slump as U.S. Tariffs Bite Harder
Kim Jisun 2025.10.13
[Alpha Biz= Kim Jisun] Seoul, October 12 — The profit outlook for Hyundai Motor and Kia continues to darken, with analysts expecti ...

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Over 2,500 Construction Firms Shut Down in Korea Amid Prolonged Slump and Regulatory Pressures
Kim Jisun 2025.10.13
[Alpha Biz= Kim Jisun] Seoul, October 12 — South Korea’s construction industry is facing its toughest year in a decade, as more th ...

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South Korea Ranks Second Worldwide in Instant Noodle Consumption — 79 Servings Per Person in 2023
Kim Jisun 2025.10.10
[Alpha Biz= Kim Jisun] Seoul, October 9 – South Koreans consumed an average of 79 instant noodle servings per person last year, ra ...

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South Korea to Abolish Criminal Breach of Trust Law After 72 Years
Kim Jisun 2025.10.01
[Alpha Biz= Kim Jisun] Seoul, September 30 – The South Korean government and ruling party announced plans to abolish the criminal ...

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Korea to Allow Visa-Free Entry for Chinese Group Tourists Starting September 29
Kim Jisun 2025.09.29
[Alpha Biz= Kim Jisun] Seoul, September 28, 2025 – Beginning September 29, 2025, Chinese group tourists will be permitted to enter ...

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Korean Tax Authority Uncovers KRW 800 Billion in Tax Evasion by Food and Franchise Companies
Kim Jisun 2025.09.26
[Alpha Biz= Kim Jisun] Seoul, September 25 – The National Tax Service (NTS) announced it has uncovered KRW 800 billion in tax evas ...

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Police Respond to Disturbance at Jeju Casino Involving Chinese Tourists
Kim Jisun 2025.09.25
[Alpha Biz= Kim Jisun] Jeju, September 24, 2025 – Police were dispatched to a foreigner-only casino in Jeju after dozens of Chines ...

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Korea’s Personal Information Protection Commission Launches Probe Into Asset Managers’ Data Breach
Paul Lee 특파원 2025.09.24
[Alpha Biz= Paul Lee] Seoul, September 23, 2025 – The Personal Information Protection Commission (PIPC) announced that it has rece ...

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Korea’s National Tax Service Temporarily Suspends Lotte Card Payments Following Data Breach
Paul Lee 특파원 2025.09.23
[Alpha Biz= Paul Lee] Seoul, September 22, 2025 – The National Tax Service (NTS) has temporarily suspended the use of Lotte Card f ...

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Jeju Construction Industry Faces Wave of Closures Amid Rising Costs and Declining Orders
Paul Lee 특파원 2025.09.22
[Alpha Biz= Paul Lee] Jeju, September 2025 – A growing number of construction firms in Jeju are shutting down operations as unsold ...

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Former Samsung Chairman Lee Kun-hee’s Itaewon Residence Sold to Young Entrepreneur for KRW 22.8 Billion
Paul Lee 특파원 2025.09.18
[Alpha Biz= Paul Lee] SEOUL, Sept. 17 — The Itaewon-dong residence once owned by the late Samsung Chairman Lee Kun-hee has been so ...

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Nine in Ten Korean SMEs Hiring Foreign Workers Due to Difficulty Recruiting Domestic Employees
Kim Jisun 2025.09.17
[Alpha Biz= Kim Jisun] Seoul, September 16, 2025 — A new survey shows that nine out of ten small and medium-sized enterprises (SME ...

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IMF Cancels Visit to Korea’s Financial Supervisory Service Amid Restructuring Debate
Paul Lee 특파원 2025.09.12
[Alpha Biz= Paul Lee] The International Monetary Fund (IMF) has canceled its planned September 12 visit to the Financial Superviso ...

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Voice Phishing Ring Caught Impersonating Asset Manager to Target FSS Portal
Paul Lee 특파원 2025.09.11
[Alpha Biz= Paul Lee] Seoul, South Korea – The Financial Supervisory Service (FSS) has referred a suspected voice phishing ring to ...

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Former Korea Institute of Materials Science Employee Under Investigation for Corporate Card Misuse
Kim Jisun 2025.09.10
[Alpha Biz= Kim Jisun] Changwon – Police have launched an investigation into a former employee of the Korea Institute of Materials ...

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GH Executive Caught Misusing Corporate Vehicle and Violating Work Rules; Disciplinary Action Recommended
Kim Jisun 2025.09.09
[Alpha Biz= Kim Jisun] Seoul – An executive at Gyeonggi Housing & Urban Development Corporation (GH) has been found to have en ...

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South Korea to Abolish Financial Services Commission After 17 Years, Reinstating Financial Supervisory Commission Structure
Paul Lee 특파원 2025.09.08
[Alpha Biz= Paul Lee] Seoul – The South Korean government announced a sweeping financial regulatory overhaul that will abolish the ...

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KKR Completes Acquisition of Korean Cosmetics Packaging Leader Samhwa
Paul Lee 특파원 2025.09.05
[Alpha Biz= Paul Lee] Seoul – Global private equity firm Kohlberg Kravis Roberts & Co. (KKR) announced on September 4 that it ...

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FSC Files Criminal Complaints and Imposes First-Ever Fines for Unfair Trading in Virtual Asset Market
Paul Lee 특파원 2025.09.04
[Alpha Biz= Paul Lee] SEOUL, Sept. 3, 2024 – The Financial Services Commission (FSC) announced that it has referred multiple indiv ...

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