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Kyung Chang to supply auto parts to VW China

Jul 27, 2016

[DISCLOSURE] Kyung Chang Industrial (024910) said on July 27 that it has inked a 195.96 billion won (US$172.73 million) deal with Volkswagen’s Chinese headquarters to supply dual-clutch transmission parts. The deal amounts to 37.72 percent of the firm’s on-year revenue and expires Dec. 31, 2025.　
Samkee signs W49b supply deal with Volkswagen China

Jul 27, 2016

[DISCLOSURE] Samkee Automotive (122350) announced on July 27 that it has signed a 48.67 billion won (US$42.90 million) contract with Volkswagen’s Chinese headquarters to supply valve bodies and block valves for plug-in hybrid electric vehicles.The deal amounts to 17.63 percent of the firm’s revenue and expires Dec. 31, 2025.
Seoul shares down ahead of Fed meeting

Jul 27, 2016

[THE INVESTOR] South Korean stocks closed slightly lower on July 27 as investors took a wait-and-see stance ahead of the US policy rate-setting meeting later this week. The local currency fell against the US dollar.After choppy trading, the benchmark Korea Composite Stock Price Index shed 2.29 points, or 0.1 percent, to 2,025.05.Trading volume was moderate at 402.25 million shares worth 4.43 trillion won (US$3.90 billion), with losers outnumbering gainers 483 to 303.Market analysts said investor
Euro ends at 1,247.27 won

Jul 27, 2016

[THE INVESTOR] The euro ended lower at 1,247.27 won on July 27, down 8.24 won from the previous closing of 1,255.51 won.
Japanese yen ends at 1,075.05 won

Jul 27, 2016

[THE INVESTOR] The Japanese yen ended lower at 1,075.05 won on July 27, down 13.02 won from the previous closing of 1,088.07 won.
Dollar ends at 1,134.2 won

Jul 27, 2016

[THE INVESTOR] The US dollar ended lower at 1,134.2 won on July 27, down 0.7 won from the previous closing of 1,134.9 won.
Exicon to become majority stakeholder of Hong Kong based semiconductor firm

Jul 27, 2016

[DISCLOSURE] Exicon (092870) said on July 27 that it plans to acquire 820,000 shares worth 933.49 million won (US$822,819) of Hong Kong-based semiconductor manufacturer Memorfi. This amount to an 82 percent stake in the company. The purchase will be made through equity offering.
Korea Petrochemical’s Q2 operating profit soars 12%

Jul 27, 2016

[DISCLOSURE] Korea Petrochemical (006650) announced on July 27 that its second-quarter operating profit increased 11.85 percent on-year to 98.47 billion won (US$86.83 million). Its sales fell 10.32 percent to 404.65 billion won, while net profit spiked 11.28 percent to 76.35 billion won on-year.
Hanmi Semiconductor to issue CB worth W37.5b

Jul 27, 2016

[DISCLOSURE] Hanmi Semiconductor (042700) announced on July 27 that it will issue convertible bonds worth 37.5 billion won (US$33.05 million). The conversion price is 15,000 won and the maturity date is Sept. 23, 2022. The firm added that it will also sell off 2,500,000 shares worth 37.5 billion won to issue convertible bonds available in exchange for treasury stocks. The price per share is 15,000 won.
Kyungin Synthetics to sell 40,000 shares

Jul 27, 2016

[DISCLOSURE] Kyungin Synthetics (012610) said on July 27 that it will sell off 40,000 shares worth 170.8 million won (US$150,551), following the exercise of a stock option.
Seoul shares almost flat in late morning trading

Jul 27, 2016

[THE INVESTOR] South Korean shares traded almost unchanged late morning on July 27 as investors took a cautious stance ahead of this week’s Federal Open Market Committee meeting.The benchmark Korea Composite Stock Price Index inched down 2,46 points, or 0.12 percent, to 2,024.58 as of 11:20 a.m.Large caps traded mixed with market kingpin Samsung Electronics inching down 0.33 percent and major chipmaker SK hynix adding 3.12 percent.Top automaker Hyundai Motor shed 0.57 percent and its smaller aff
KEPCO E&C’s Q2 operating profit soars 265%

Jul 27, 2016

[DISCLOSURE] KEPCO Engineering & Construction (052690) announced on July 27 that its second-quarter operating profit jumped 265 percent to 25.5 billion won (US$22.40 million) on-year. Net profit increased 128 percent to 23.4 billion won and sales fell 15 percent to 128 billion won.
BHI inks W16b supply contract with Taiwan firm

Jul 27, 2016

[DISCLOSURE] BHI (083650) said on July 27 that it has signed a 16.5 billion won (US$14.5 million) contract with Taiwan’s Formosa Plastics to supply combustion turbine power generators. The deal amounts to 4.64 percent of its revenue and expires July 26, 2018.
Daebong LS posts improvement in Q2 performance

Jul 27, 2016

[DISCLOSURE] Daebong LS (078140) reported on July 27 that its operating profit jumped 32.9 percent to 3.01 billion won (US$2.99 million). Sales rose 21.9 percent to 19.08 billion won and net profit increased 33.2 percent to 2.88 billion won.
S&T Motiv’s Q2 operating profit plunges 43%

Jul 27, 2016

[DISCLOSURE] S&T Motiv (064960) announced on July 27 that its second-quarter operating profit dropped 43 percent to 19.6 billion won (US$17.25 million) on-year. Its net profit plunged 48 percent to 14.9 billion won and sales fell 12 percent to 275.8 billion won.