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Shinil Industrial executives under probe

Jul 4, 2016

[DISCLOSURE] Shinil Industrial (002700) announced on July 4 that the company’s executives are being investigated for alleged embezzlement by prosecutors. “Seoul Southern District Prosecutors’ Office has launched a probe. We will disclose details when the prosecutors take a final decision,” the company said.
Namkwang E&C to buy treasury stocks

Jul 4, 2016

[DISCLOSURE] Namkwang Engineering & Construction (001260) announced on July 4 that it has decided to acquire 7,669 treasury stocks, worth 83.5 million won (US$ 72,900).
Tesna to close stockholders’ list

Jul 4, 2016

[DISCLOSURE] Tesna (131970) announced on July 4 that it would close its list of stockholders from July 19 to 21 to confirm shareholders with rights for its upcoming extraordinary shareholders meeting.
KOREIT delists from KOSDAQ

Jul 4, 2016

[DISCLOSURE] Korea Real Estate Investment Trust, or KOREIT (034830), said on July 4 that it will be delisted from the nation’s secondary bourse KOSDAQ and shift to the main bourse KOSPI. The stock will commence trading on KOSPI from July 11.
Kumbi to restart production line

Jul 4, 2016

[DISCLOSURE] Kumbi (008870) said it would resume operations on June 4 at one of its two glass bottle production lines in Onyang, South Chungcheong Province, which was suspended earlier due to regular maintenance. 　　　
Tobesoft to have two CEOs

Jul 4, 2016

[DISCLOSURE] Tobesoft (079970) said on July 4 that the company will be run by two CEOs -- Antonio Park and Lee Hong-gu. Earlier, Park was the sole head of the Korean system software developer.
SGA Solutions to hold IR meeting　

Jul 4, 2016

[DISCLOSURE] SGA Solutions (184230) said on July 4 that it will hold an IR meeting for institutional and foreign investors at the Korea Exchange’s office in Yeouido, Seoul, on June 6. 　　　
Imagis wins patent for touch button system

Jul 4, 2016

[DISCLOSURE] Imagis (115610) has received a patent regarding a touch key assembly of electronic device, the company said on July 4.
Exicon participates in paid-in capital increase of Sam CNS

Jul 4, 2016

[DISCLOSURE] Exicon (092870) said on July 4 that it bought 14 million shares, or 38.89 percent stakes, in Sam CNS, a Korean ceramic base material manufacturer, in a bid to secure a new growth engine by entering the materials business. 　　　　　　　
TESNA to hold shareholders meeting

Jul 4, 2016

[DISCLOSURE] TESNA (131970) will hold a shareholders meeting in Gyeonggi Province on Aug. 12 to elect an auditor, the company said on July 4.
Leed secures W33.4b won deal from Fuzhou BOE Optoelectronics Technology

Jul 4, 2016

[DISCLOSURE] Leed (197210) said on July 4 that it has won a 33.4 billion won (US$29.1 million) deal from Fuzhou BOE Optoelectronics Technology to supply manufacturering equipment for flat panel displays. The deal size is equivalent to 78.43 percent of the company’s latest total sales.　　
JNK Heaters signs supply contract with GS E&C

Jul 4, 2016

[DISCLOSURE] JNK Heathers (126880) has inked a deal with GS E&C (006360) to supply fired heater worth 8.9 billion won (US$7.7 million), the company said on July 4. The contract ends on May 20, 2017.
1 in 4 KOSDAQ-listed firms omit IR meetings for 10 years

Jul 4, 2016

[THE INVESTOR] One in four KOSDAQ-listed companies has not held an investors relations meeting over the past 10 years, according to local bourse operator Korea Exchange on July 3. A total of 287 companies that are listed on the country’s secondary KOSDAQ market have neglected their duty to invite investors and provide them corporate information and projections.The Financial Supervisory Services’ disclosure system also showed that 24.9 percent of the KOSDAQ-listed firms haven’t held a single IR e
Isu Abxis wins W30b won export deal from Fara Teb Ayeen

Jul 4, 2016

[DISCLOSURE]Isu Abxis (086890) said July 4 that it has signed a medicine supply contract worth 30.1 billion won (US$26.2 million) with Iran’s Fara Teb Ayeen to export Abcertin, a drug for Gaucher’s disease.
Cuckoo Electronics wins patent suit against Cuchen

Jul 4, 2016

[DISCLOSURE] Cuckoo Electronics (192400) said on July 4 that an appeal filed against it by Cuchen (225650) regarding a high-pressure rice cooker patent has been turned down by a patent court.