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Kyobo Life Insurance Resolves 7-Year-Long Put Option Dispute, Sells Entire Stake Held by Affinity and GIC
Reporter Kim Jisun 2025.03.10
[Alpha Biz= Paul Lee] On the 7th, Kyobo Life Insurance announced that it had sold the 9.05% and 4.50% stakes held by global privat ...

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Financial Services Commission to Conduct On-Site Inspection of Bithumb
Reporter Paul Lee 2025.03.10
[Alpha Biz= Paul Lee] The Financial Services Commission's Financial Intelligence Unit (FIU) is set to begin an on-site inspection ...

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Shinhan Bank Employee Embezzles Hundreds of Millions in Loan Fraud Scheme Over Three Years
Reporter Paul Lee 2025.03.10
[Alpha Biz= Paul Lee] A large embezzlement case has occurred at Shinhan Bank, where an employee has fraudulently approved loans by ...

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FSS Investigating Suspicious Profits from Stock Price Manipulation Involving Samboo Construction Linked to Ukraine Reconstruction
Reporter Paul Lee 2025.03.10
[Alpha Biz= Paul Lee] The Financial Supervisory Service (FSS) is reportedly investigating the funds related to Samboo Engineering ...

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SK hynix to Exit CMOS Image Sensor (CIS) Business After 18 Years
Reporter Paul Lee 2025.03.10
[Alpha Biz= Kim Jisun] SK hynix has decided to exit the CMOS Image Sensor (CIS) business after 18 years. The company will transiti ...

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Samsung Heavy Industries Set to Secure 1.9 Trillion KRW Deal to Build 9 Shuttle Tankers for Brazilian Shipping Company
Reporter Paul Lee 2025.03.10
[Alpha Biz= Paul Lee] Samsung Heavy Industries is on the verge of securing a massive contract worth approximately 1.9 trillion KRW ...

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CJ CheilJedang Receives Acquisition Proposal for Its Bio Division from MBK Partners
Reporter Paul Lee 2025.03.10
[Alpha Biz= Paul Lee] CJ CheilJedang has received an acquisition proposal for its bio division from the private equity firm MBK Pa ...

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National Pension Service Faces Investment Loss Risks Due to Homeplus Corporate Restructuring
Reporter Kim Jisun 2025.03.10
[Alpha Biz= Kim Jisun] The National Pension Service (NPS) recently reported its investment status regarding the corporate restruct ...

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Namyang Dairy to Buy Back and Cancel Shares for Third Time After Acquisition by Hahn & Company
Reporter Kim Jisun 2025.03.10
[Alpha Biz= Kim Jisun] Namyang Dairy has announced that it will buy back and cancel its shares once again, marking the third insta ...

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CJ CGV Implements Voluntary Retirement for the First Time Since COVID-19
Reporter Kim Jisun 2025.03.10
[Alpha Biz= Kim Jisun] CJ CGV, Korea’s largest multiplex chain, has conducted its first voluntary retirement program since the COV ...

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E-Mart Faces Suspension Risk for Violating Hangover Remedy Regulations
Reporter Kim Jisun 2025.03.10
[Alpha Biz= Kim Jisun] E-Mart has been caught illegally selling its private brand (PB) hangover remedy, "Emergency Plan," produced ...

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BBQ Chicken Franchisees File Lawsuit Demanding Return of Excessive Franchise Fees
Reporter Paul Lee 2025.03.07
[Alpha Biz= Paul Lee] Some BBQ Chicken franchisees have filed a lawsuit against its headquarters, Genesis BBQ Group, demanding the ...

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Nextrade, Korea’s First Alternative Trading System, Delays Bulk & Basket Trading Due to System Deficiency
Reporter Paul Lee 2025.03.07
[Alpha Biz= Paul Lee] Nextrade (NXT), Korea’s first alternative trading system (ATS), has been unable to operate its bulk and bask ...

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E-Commerce Paid Membership Users Feel Benefits Fall Short of Fees
Reporter Paul Lee 2025.03.07
[Alpha Biz= Paul Lee] A recent survey revealed that many consumers using paid e-commerce memberships feel that the benefits they r ...

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KDB Industrial Bank Faces Audit Over Billions in Losses and Unfair Transactions
Reporter Paul Lee 2025.03.07
[Alpha Biz= Paul Lee] The Board of Audit and Inspection (BAI) has revealed that Korea Development Bank (KDB) suffered a $61.34 mil ...

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Two Financial Supervisory Service Employees Rejoin Bithumb as Executives
Reporter Paul Lee 2025.03.07
[Alpha Biz= Paul Lee] Two mid-level employees (Grade 3) from the Financial Supervisory Service (FSS) have rejoined the domestic cr ...

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MBK in Talks to Acquire CJ CheilJedang’s Bio Division
Reporter Kim Jisun 2025.03.07
[Alpha Biz= Kim Jisun] Private equity firm MBK Partners is in negotiations with CJ CheilJedang for the acquisition of its bio divi ...

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Court Temporarily Suspends Regulatory Action Against Upbit’s Operations
Reporter Paul Lee 2025.03.07
[Alpha Biz= Paul Lee] Financial authorities' regulatory action against the cryptocurrency exchange Upbit, which includes a three-m ...

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Meritz Financial Group Chairman Cho Jung-ho Surpasses Samsung’s Lee Jae-yong to Become Korea’s Wealthiest Stockholder
Reporter Kim Jisun 2025.03.07
[Alpha Biz= Paul Lee] Cho Jung-ho, chairman of Meritz Financial Group, has overtaken Samsung Electronics chairman Lee Jae-yong to ...

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LS Cable Supplies $25 Million Worth of Aluminum Power Cables to U.S. Solar EPC Company
Reporter Paul Lee 2025.03.07
[Alpha Biz= Paul Lee] LS Cable & System and LS Eco Energy announced on Thursday that they will supply $25 million (approximate ...

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