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South Korea’s Major Duty-Free Retailers Undergo Workforce Reduction Amid Continued Losses
Kim Jisun 2025.05.02
[Alpha Biz= Kim Jisun] Seoul, May 1, 2025 — South Korea’s four leading duty-free operators — Lotte, Shilla, Shinsegae, and Hyundai ...

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Former Woori Bank Employee and Brother to Serve Additional 3–4 Years for Concealing Embezzled Funds
Kim Jisun 2025.04.30
[Alpha Biz= Paul Lee] A former Woori Bank employee and his brother, already serving time for embezzling more than 70 billion KRW, ...

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Kakao Entertainment Establishes New Subsidiary in the U.S.
Kim Jisun 2025.04.30
[Alpha Biz= Kim Jisun] Kakao Entertainment has established a new subsidiary in the United States, positioning itself in the heart ...

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Asiana Airlines Pilots Union Files for Injunction Over Air Incheon Transfer Order
Kim Jisun 2025.04.30
[Alpha Biz= Kim Jisun] SEOUL, April 29 — The Asiana Airlines Pilots Union announced on the 29th that it has filed for an injunctio ...

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LS Cable & System Breaks Ground on the Largest Submarine Cable Manufacturing Plant in the U.S.
Kim Jisun 2025.04.30
[Alpha Biz= Kim Jisun] SEOUL, April 29 — LS Cable & System announced today that its subsidiary, LS GreenLink, has officially b ...

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Police Begin Investigation into Baek Jong-won’s The Born Korea for Allegedly Misleading Advertising
Kim Jisun 2025.04.30
[Alpha Biz= Kim Jisun] SEOUL, April 29 — The police have launched an investigation into Baek Jong-won, CEO of The Born Korea, foll ...

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Krafton to Acquire Additional Shares in Neptune for KRW 165 Billion to Strengthen Diversification and Long-Term Growth
Kim Jisun 2025.04.30
[Alpha Biz= Kim Jisun] SEOUL, April 29 — Krafton Inc. announced today that it will acquire an additional 18,387,039 shares of game ...

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LG Energy Solution Establishes Battery Recycling JV in France to Strengthen Raw Material Security and Meet EU Regulations
Kim Jisun 2025.04.30
[Alpha Biz= Kim Jisun] SEOUL, April 29 — LG Energy Solution announced today that it has established a joint venture (JV) with Fren ...

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Trump to Sign Executive Order Easing Auto Parts Tariff Burden for Two Years
Kim Jisun 2025.04.30
[Alpha Biz= Kim Jisun] Former U.S. President Donald Trump is expected to sign an executive order on April 29 (local time) that wil ...

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SK Telecom CEO to Testify in Parliament Over USIM Hacking Controversy
Kim Jisun 2025.04.30
[Alpha Biz= Kim Jisun] SEOUL, April 30 – SK Telecom CEO Yoo Young-sang is scheduled to appear before South Korea’s National Assemb ...

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Shilla Duty Free to Implement Workforce Streamlining Measures Amid Economic Challenges
Kim Jisun 2025.04.29
[Alpha Biz= Paul Lee] Shilla Duty Free, operated by Hotel Shilla, is set to begin workforce efficiency measures as part of its cos ...

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Doosan Bobcat Reports 1st Quarter Operating Profit of KRW 200 Billion, 38.6% Decrease Year-over-Year
Kim Jisun 2025.04.29
[Alpha Biz= Kim Jisun] Doosan Bobcat announced that its operating profit for the first quarter of 2025 reached KRW 200 billion, ma ...

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Industrial Accidents at Ourhome Business Sites Average About 80 Annually
Kim Jisun 2025.04.29
[Alpha Biz= Kim Jisun] The number of industrial accidents at food company Ourhome's business sites has been revealed to average ab ...

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LS Marine Solutions Secures $15.8 Million Undersea Cable Contract with Taiwan Power Company
Kim Jisun 2025.04.29
[Alpha Biz= Kim Jisun] LS Marine Solutions, a leading specialist in undersea cable installation, announced on April 28 that it has ...

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South Korea’s Hiring Declines for Seventh Straight Quarter Amid Rise in Involuntary Unemployment and Short-Term Jobs
Kim Jisun 2025.04.29
[Alpha Biz= Kim Jisun] The Korea Employers Federation (KEF) released a report on April 28 titled "Key Trends and Implications of R ...

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Samsung Biologics Secures Second CMO Deal of 2024 Worth KRW 7.4 Trillion, Achieving Half of 2023’s Total Orders
Kim Jisun 2025.04.29
[Alpha Biz= Kim Jisun] Samsung Biologics announced on April 28 that it has signed its second contract manufacturing organization ( ...

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LG Chem to Sell Water Solutions Business to Glenwood PE for Over KRW 1 Trillion
Kim Jisun 2025.04.29
[Alpha Biz= Kim Jisun] LG Chem has selected Glenwood Private Equity (PE) as the preferred bidder to acquire its Water Solutions di ...

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SK Siltron Union Holds Rally Demanding Transparency Over Potential Sale Process
Kim Jisun 2025.04.29
[Alpha Biz= Kim Jisun] On April 28, the labor union of SK Siltron announced that it had held its first rally demanding transparenc ...

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KDB to Sell Hanwha Ocean Shares After 25 Years as Major Shareholder
Kim Jisun 2025.04.29
[Alpha Biz= Kim Jisun] Korea Development Bank (KDB) is set to divest its stake in Hanwha Ocean (formerly Daewoo Shipbuilding & ...

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230,000 SK Telecom Customers Replace USIM Cards on First Day of Free Replacement Program
Kim Jisun 2025.04.29
[Alpha Biz= Kim Jisun] On April 28, the first day of SK Telecom’s free USIM (Universal Subscriber Identity Module) replacement pro ...