[DISCLOSURE] Hyundai Merchant Marine (011200) announced on Oct. 4 that it is not considering selling its oil tanker division, which it reviewed in March and April to improve the financial structure, as it has signed an autonomous agreement with creditors and completed debt restructuring.(theinvestor@heraldcorp.com)

[DISCLOSURE] LS Networks (000680) announced on Oct. 4 that it will sell its entire 100,000 shares of Skechers Korea to improve its financial structure. The stake is worth 29.4 billion won (US$26.34 million). (theinvestor@heraldcorp.com)

[THE INVESTOR] Tax refund shop operator LIS announced on Oct. 4 that Sooin Cosmetic has signed a stock transfer agreement with its largest stockholder HC Asset Management to take over 2 million shares for 20 billion won (US$18.11 million). Sooin Cosmetic is an original equipment manufacturer and original development manufacturer of cosmetics. It also has its own brand and is in charge of Chinese distribution for It’s Skin. Its revenue in 2015 reached 148.8 billion won with operating profit of 22

[THE INVESTOR] CJ Freshway has submitted a letter of intent to take over Welliv, a food service subsidiary of Daewoo Shipbuilding and Marine Engineering, according to Korea Economic Daily on Sept. 29.The foodstuff distribution and school meal provision subsidiary of CJ is among the 13 candidates for the bid to acquire 100 percent stake in Welliv.Welliv posted 221.7 billion won (US$200.87 million) revenue in 2015 with 12.5 billion won operating profit, and about 90 percent of its turnover comes f

[THE INVESTOR] POSCO Daewoo has signed a memorandum of understanding with Sichuan Grain and Oil Corp. in Chengdu, China, it announced on Sept. 29. The Chinese state-owned company deals with 30 tons of grains and edible oil and fats, and through the partnership, the companies will jointly trade grains and increase investment in storage and logistics facilities. The South Korean trading company is planning to expand the trade volume of grains in China up to 5 million tons in four years. By Hwang Y

[THE INVESTOR] South Korean private equity fund VIG Partners (formerly known as Vogo Investment Group) has signed a contract to acquire 84 percent stake in funeral service provider Good Sangjo for 65 billion won (US$58.89 million), it announced on Sept. 29.It has established a 513 billion won fund -- attracting 255 billion won investment from National Pension Service, 202 billion won from local financial institutions and 56 billion won from foreign institutional investors – and has decided to in

[THE INVESTOR] Hanmi Pharmaceutical announced on Sept. 30 that Boehringer Ingelheim has decided to return its exclusive license to develop and commercialize its lung cancer treatment HM61713.The German pharmaceutical company has signed an agreement in 2015 for which the South Korean partner received US$50 million upfront. The agreement also entitled Hanmi Pharma to potential milestone payments of up to US$680 million plus royalties on future sales. Although the German company will not perform fu

[DISCLOSURE] Samsung SDS (018260) reconfirmed on Sept. 30 that it is reviewing splitting off its logistics business with outside consultants, but nothing has been determined yet. It was responding to Korea Exchange’s inquiry regarding media reports on the same. “As for the overseas corporation, we have decided that it is necessary to separately manage IT service and logistics businesses, and is in the process of separation in accordance with local laws,” the company added. (theinvestor@heraldcor