The Korea Herald

HHIC Holdings kicks off sale of 3 energy subsidiaries

Jul 14, 2016

[THE INVESTOR] Hanjin Heavy Industries and Construction Holdings on July 13 began the process of selling three energy-related subsidiaries. The companies -- Daeryun Power, Byeollae Energy and Daeryun E&S -- are to be sold as a bundle, and the sale will be conducted by Mirae Asset Daewoo. Hanjin Heavy's Subic ShipyardHHIC Holdings and Daeryun E&S each hold 29.17 percent and 50 percent in Daeryun Power and Byeollae Energy, respectively. Daeryun E&S, a gas supplier, is 100 percent owned by HHIC Hol
[EQUITIES] LIG Investment & Securities forecasts lower earnings for Hyundai Motor

Jul 14, 2016

[THE INVESTOR] LIG Investment & Securities on July 14 said Hyundai Motor’s second-quarter earnings would fall below market estimates. Operating profit for the world’s fifth-largest automaker declined 3.3 percent to 1.7 trillion won (US$ 1.48 billion), while sales rose 5.2 percent to 23.9 trillion won. Hyundai Motor’s global sales rose 4.3 percent in the second quarter, while domestic sales increased 4.9 percent.But the automaker is suffering from falling exports, mainly on the back of declining