[THE INVESTOR] South Korean stocks fell slightly on July 22, sliding for a fourth consecutive session as investors sought to cash in on last week’s surge. The Korean won rose against the US dollar.The benchmark Korea Composite Stock Price Index fell 1.88 points, or 0.09 percent, to close at 2,010.34. Trade volume was light at 316 million shares worth 3.69 trillion won (US$3.25 billion), with gainers outnumbering losers 413 to 366.Following last week’s surge on the back of strong foreign buying a

[THE INVESTOR] The Japanese yen ended at 1,072.15 won on July 22, up 10.45 won from the previous closing of 1,061.70 won.

[THE INVESTOR] The euro ended at 1,250.61 won on July 22, down 3.0 won from the previous closing of 1,253.61 won.

[THE INVESTOR] The US dollar ended lower at 1,134.4 won on July 22, down 1.5 won from the previous closing of 1,135.9 won.

[DISCLOSURE] LIG-ES Special Purpose Acquisition (220260) has changed the interest rate of deposits due to expiration of existing contract for subscribed capital, it said on July 22. The interest rate will go down from 1.63 percent to 1.19 percent.

[DISCLOSURE] STX Heavy Industries (071970) said on July 22 that it has sought permission from the Seoul Central District Court to initiate corporate restructuring for rehabilitation. The court will evaluate both the application and related documents and make a decision.

[DISCLOSURE] Hyundai Steel (004020) reported on July 22 that its second-quarter operating profit fell 0.26 percent to 432.17 billion won (US$380.80 million) on-year. However, both net profit and sales rose 26.5 percent and 5.8 percent to 254.56 billion won and 4.22 trillion won, respectively.

[DISCLOSURE] JT Corp. (089790), a semiconductor equipment manufacturer, has inked a 1.5 billion won (US$1.30 million) supply contract with Samsung Electronics (005930), it said on July 22. The deal expires this October.This amounts to 4.31 percent of JT’s recent revenue.

[DISCLOSURE] Seungil (049830) announced on July 22, that its second-quarter operating profit dropped 26.17 percent to 3.35 billion won (US$2.95 million). The net profit also fell 26.17 percent to 2.37 billion won, while sales increased 6.23 percent to 40.87 billion won.

[THE INVESTOR] South Korean shares traded almost unchanged late morning on July 22, paring part of earlier losses.The benchmark Korea Composite Stock Price Index added 0.7 point, or 0.03 percent, to 2,012.92 as of 11:20 a.m.Large caps traded mixed with market kingpin Samsung Electronics sinking 1.43 percent.Major chipmaker SK hynix shed 1.56 percent, while POSCO, the country’s leading steelmaker, advanced 0.46 percent.Naver, the operator of the country’s top Internet portal, rose 0.71 percent. T

[DISCLOSURE] Samsung Electro-Mechanics (005930) said on July 22 that the firm’s second-quarter operating profit fell 83.9 percent to 15.18 billion won (US$13.38 million) on-year. Meanwhile, its sales and net profit each increased 0.9 percent and 8,920.2% to 1.62 trillion won and 16.57 billion won, respectively.

[DISCLOSURE] Unichem (011330) has exercised its preemptive rights for capital increase and the share price has been readjusted from 4,622 won (US$4.07) to 4,610 won, the company announced on July 22.

[DISCLOSURE] Hanjung NCS (107640) announced on July 22 that is has earned a patent for its integrated reformer for fuel cell system.

[DISCLOSURE] S-Oil (010950) announced on July 21 that it will pay interim dividends on both preferred and common shares. The dividend per share will be 500 won (US$ 0.44), with the total amount reaching 58.20 billion won.