Kakao Games Installs LINE Yahoo-Backed Co-CEOs, Denies Merger With LINE Games; Stock Jumps 15%
Kakao Games (293490.KS) held an EGM on June 22 to install Kim Taehwan and Lee Si-woo as co-CEOs under new parent LAAA Investment (LY Corp.), which injected KRW 300B via equity and convertible bonds. A potential merger with LINE Games was ruled out for now; Southeast Asia is the stated growth target. Shares jumped 15.9% on the session.
South Korea's FSS Chief Regrets Approving Samsung, SK Hynix Leveraged ETFs as Retail Investors Bear Up to KRW 10 Trillion in Brokerage Fees
South Korea's FSS Governor Lee Chan-jin expressed sharp regret over the May 27 approval of 2x single-stock leveraged ETFs tied to Samsung Electronics and SK Hynix, warning cumulative trading commissions may reach KRW 5–10 trillion while retail investors—holding 92% of the KRW 14 trillion combined AUM—bear most of the risk. Regulators are studying five curbs including tighter monitoring, credit controls, and possible restrictions on future approvals.
South Korea's FSS to Release Banking Governance Reform Before KB Financial Shortlist, Introducing Three-Term Chairman Limit
South Korea's FSS Governor Lee Chan-jin says a governance reform plan capping bank holding company chairmen at three consecutive terms will be released before KB Financial's July 3 shortlist selection.
Iljin Electric (103590.KS) Q1 2026: Operating Profit Surges 49% as Grid Infrastructure Boom Lifts Cable and HV Equipment Demand
Iljin Electric posted Q1 2026 operating profit of KRW 50.8 billion, up 49.1% year-over-year, as ultra-high-voltage cable and GIS demand surge on grid infrastructure investment.
Hanon Systems Q1 2026: Operating Profit Jumps 361% on Margin Recovery
Hanon Systems (018880.KS) posted Q1 2026 consolidated operating income of KRW 97.2 billion, up 361% year-on-year, as revenue rose 5% to KRW 2,748 billion.
KakaoPay Loses Court Battle Over Alipay Data Transfers, Cementing KRW 19 Billion in Fines
A Seoul court rejected KakaoPay's challenge to a KRW 12.98 billion FSS fine for routing 54.2 billion personal credit records through China's Alipay without user consent, cementing a combined KRW 18.9 billion regulatory bill and setting a sector-wide data-sharing precedent.
Hanwha Ocean Enters Final Stretch of C$60B Canada Submarine Race, Decision Due Mid-July
South Korea's Hanwha Ocean (042660.KS), partnering with HD Hyundai Heavy Industries (329180.KS), has advanced to the decisive final stage of Canada's landmark Canadian Patrol Submarine Project (CPSP),
SKC Posts KRW 305 Billion Operating Loss in FY2025 as Battery Foil Surges, Credit Ratings Cut
SKC (011790.KS) reported a KRW 305 billion operating loss for FY2025, with net losses hitting KRW 719 billion as financing charges and write-downs mounted despite a 59% surge in its battery copper foil unit.
Woori Financial Adds ₩10 Trillion to Growth and Inclusive-Finance Targets, Tripling 2026 Safety-Net Goal
Woori Financial Group expanded its Future Shared Growth Project by ₩10 trillion (USD 6.5 billion), lifting the 2026 inclusive-finance target nearly threefold to ₩3.5 trillion and scheduling ₩400 billion in debt write-offs.
Hanwha Lifts KAI Stake to 9.04%, Eyes 12% by Year-End in Korean Aerospace Consolidation Bet
Hanwha Group becomes KAI second-largest shareholder at 9.04%, spending KRW 625B. Board approves KRW 500B more targeting 12% by year-end. Hanwha Aerospace stock falls 6.48%.
Korean Biotech Giants Descend on BIO USA 2026, Targeting CDMO Contracts and AI Drug Discovery Deals
Samsung Biologics, Celltrion, SK Biopharmaceuticals and Lotte Biologics are among 51 Korean firms at BIO USA 2026 in San Diego, targeting CDMO contracts and AI drug discovery deals as BIOSECURE Act reshapes global manufacturing demand.
Hyundai Motor Group to Acquire SoftBank's Remaining 9.65% Stake in Boston Dynamics for USD 325 Million
Hyundai Motor Group is set to acquire SoftBank's remaining 9.65% stake in Boston Dynamics for USD 325 million, completing full ownership of the robotics firm ahead of a potential Nasdaq IPO in 2027.