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Shareholding by investor group on Oct. 4

Oct 4, 2016

KOSPIForeigners +158 M KRWInstitutions -44 M KRWIndividuals -109 M KRW*As of 9:02 a.m.　By HeRo (hero@heraldcorp.com)　This article is produced by the algorithm developed by the artificial intelligence developer ThinkPool in collaboration with Herald Corp.　
Top stocks to watch on Oct. 4

Oct 4, 2016

[THE INVESTOR] Samsung Electronics (005930) opened at 1,610,000 won, up 20,000 won or 2.5 percent from the previous trading day. SK hynix (000660) and Hyundai Motor (005380) also started strong at 41,500 won and 138,500 won, respectively. Naver was down 13,000 won to start at 883,000 won. 　KOSPI　SK hynix (000660) KRW 41,150 ▲950(4.73%)Hyundai Motor (005380) KRW 138,500 ▲3,000(4.43%)Hyundai Mobis (012330) KRW 280,500 ▲5,500(4%)LG Household and Healthcare (051900) KRW 971,000 ▲16,000(3.35%)KT&G (0
Size of Korea-Japan currency swap deal draws attention

Oct 3, 2016

[THE INVESTOR] Attention is being drawn to the size of a currency swap deal to be resumed between South Korea and Japan.During their meeting in Seoul in August, finance ministers of the two countries agreed to launch talks on resuming a currency swap line that had been closed last year.Korea and Japan signed their first swap deal worth $10 billion in 2001. The size of the swap arrangement between them expanded to $70 billion in 2011 before shrinking to $13 billion in 2012 and $10 billion in 2013
Bleak future for Hanmi’s new lung cancer drug amid safety concerns

Oct 3, 2016

[THE INVESTOR] South Korean drugmaker Hanmi Pharmaceutical 's plans to globally commercialize its novel lung cancer therapy are in jeopardy after a patient died of a severe skin-related side effect linked to the drug’s use.The future of Hanmi’s lung cancer drug began to turn bleak Friday -- when Hanmi’s licensing partner Boehringer Ingelheim announced it would return the drug‘s development and commercialization rights it had purchased from the Korean drugmaker in July 2015 in a deal valued at $7
Probes on Hanmi Pharma likely to focus on alleged insider trading

Oct 3, 2016

[THE INVESTOR] South Korea’s financial authorities will investigate into Hanmi Pharmaceutical as to whether the company's announcement of a breakup with German drug giant Boehringer Ingelheim on a lung cancer treatment last week was delayed intentionally for alleged insider trading, officials said Monday. 　"Since it is a significant case causing immense losses to investors, we will look into possible insider trading," Nam Chan-woo, an official at Korea Exchange, told The Korea Herald. "The inves
Samsung's new Galaxy Note 7 sells 30,000 units in two days

Oct 3, 2016

[THE INVESTOR] Samsung Electronics' new Galaxy Note 7 smartphone has sold about 30,000 units in two days after the suspended sales resumed in Korea over the weekend. 　Even though some of the purchases included preorders made before the recall, sources said the new Note phone has made a successful comeback considering a daily 10,000 unit sales are considered a “hit” within the industry. Samsung Electronics opens Galaxy Note 7 experience zones at several shopping malls in Seoul over the weekend s
Sales at department stores up 10% on Korea Sales Festa

Oct 3, 2016

[THE INVESTOR] Sales at South Korean department stores have increased about 10 percent on-year in the first three days of a nationwide shopping event, called Korea Sales Festa that kicked off on Sept. 29. 　Lotte Departments Store, one of the top three chains, said its sales jumped 12.1 percent over the weekend, comapred with the Korea Grand Sale last year. The latest shopping event aims to connect the retail indsutry with the tourism and cultural sectors in line with the major Chinese holiday se
Lotte brand hit hard by corruption probe

Oct 3, 2016

[THE INVESTOR] The brand value of Lotte Group companies has been sharply falling amid prosecutors’ probe into the retail giant and the owner family’s corruption and slush fund creation recently. According to market research firm Brand Stock on Oct. 3, Lotte Department Store, the flagship unit of Lotte, the nation's fifth-largest conglomerate, saw its brand rank tumble from eighth in the second quarter to 16th in the third quarter. The figures for other rental car service, fast food chain, superm
Mando shares tumble on Bosch’s patent lawsuit

Sept 30, 2016

[THE INVESTOR] Shares of South Korean automotive parts maker Mando tumbled more than 13 percent on the local bourse on Sept. 30 after a news report that German engineering giant Bosch has sued it for patent violations in the US. Adding to the prolonged strike by Hyundai Motor, its key client, the patent suit dragged down the company’s stock price to close at 247,000 won (US$225), down 38,000 won from the previous trading day. According to Bloomberg, Bosch filed a lawsuit against Mando for violat
[EQUITIES] Galaxy Note 7 recall to cost Samsung W2tr: Samsung Securities

Sept 30, 2016

[THE INVESTOR] Samsung Electronics on Sept. 30 projected that the ongoing Galaxy Note 7 recall worldwide would cost Samsung Electronics a combined 2 trillion won (US$1.80 billion) in the coming months this year. “We are adjusting our estimates of the third-quarter operating profit from 7.8 trillion won to 7 trillion won,” said the securities firm. “Following the Galaxy Note 7 recall, the costs will be 1.5 trillion won in the third quarter and 500 billion won in the fourth quarter.”Despite the r
Samsung heir, SoftBank chairman meet in Seoul

Sept 30, 2016

[THE INVESTOR] Samsung Electronics Vice Chairman Lee Jae-yong and SoftBank Group Chairman Masayoshi Son, who is more widely known as Sohn Jeong-eui here, were spotted meeting at the Korean tech giant’s Seoul headquarters on Sept. 29. The two firms declined to reveal details of the high-profile meeting. Industry watchers see they may have discussed possible partnership on the Internet of Things services and semiconductors. Their meeting comes after the Japanese tech and telecom behemoth acquired
Shareholding by investor group on Sept. 30

Sept 30, 2016

KOSPIIndividuals +269 M KRWForeigners -131 M KRWInstitutions -142 M KRWKOSDAQ　Individuals +34 M KRWInstitutions -1 M KRWForeigners -32 M KRW　*As of 9:02 a.m.　By HeRo (hero@heraldcorp.com)　This article is produced by the algorithm developed by the artificial intelligence developer ThinkPool in collaboration with Herald Corp.　　
Top stocks to watch on Sept. 30

Sept 30, 2016

Samsung Electronics (005930) opened 12,000 won or 1.5 percent down at 1,590,000 won. Naver (035420) was also down 28,000 won or 6.22 percent to start at 886,000 won. Kangwon Land (035250) rose 50 won to 40,100 won. 　KOSPI　Kangwon Land (035250) KRW 40,000 ▲50(0.25%)Samsung Life (032830) KRW 105,500 (0%)SK Telecom (017670) KRW 226,000 (0%)LG (003550) KRW 64,200 ▼100(-0.31%)KT (030200) KRW 31,800 ▼100(-0.63%)KOSDAQ　KLS (102940) KRW 162,200 ▲1,400(1.74%)LOEN Entertainment (016170) KRW 76,400 500(1.3
[EQUITIES] Hotel Lotte likely to seek IPO again: eBest Securities

Sept 29, 2016

[THE INVESTOR] Lotte Group is likely to seek a stock debut of Hotel Lotte again after an arrest warrant request was rejected for Chairman Shin Dong-bin, according to eBest Securities on Sept. 29. Under Shin’s leadership, Hotel Lotte had considered an initial public offering on the local bourse since August last year as part of the retail giant’s effort to resolve cross-shareholdings among affiliates and improve transparency overall. But the efforts have been suspended amid a large-scale investig
Naver, LINE invest US$100m in France’s Korelya Capital

Sept 29, 2016

[THE INVESTOR] South Korean internet giant Naver and its Japanese affiliate LINE said on Sept. 29 they have decided to invest a combined 100 million euros (US$112 million) into a startup accelerator fund running in Europe. The K-Fund 1 will be operated by Korelya Capital, an investment firm established by Fleur Pellerin, the former Korean-born French minister overlooking small and medium enterprises and the digital economy, who resigned from the post in August. Fleur PellerinRelated article: Na