[THE INVESTOR] Korea Sale Festa, the largest shopping festival in the country, will be held from Sept. 30 to Oct. 3 near Coex Mall in Samseong-dong, southern Seoul, the Ministry of Trade, Industry and Energy announced on Aug. 31.South Korean pop stars will perform at the opening ceremony which will be broadcast live on Korea Broadcasting Station and will also be broadcast in about 120 countries worldwide. Under the slogan of “Enjoy! Korea Sale FESTA,” this year’s festival will be arranged with s

[THE INVESTOR] Korea Resources Corp. is putting its stake in three soft coal mines in Australia for sale, the book value of which exceeds 150 billion won (US$133.93 million), according to Korea Economic Daily on Aug. 30.KORES has posted requests for proposal to select a sales manager and plans to accept letters of intent by Sept. 21. The preferred bidder will be announced on Oct. 5 and the sale will be completed by the end of 2017.The public enterprise owns 25 percent stake in Springvale coal mi

[DISCLOSURE] Korea Exchange announced on Aug. 30 that stocks of Eluon (065440) will trade ex-rights due to paid-in capital increase on Aug. 31. (theinvestor@heraldcorp.com)

[DISCLOSURE] LegoChem Biosciences (141080) announced on Aug. 30 that it will issue new stocks worth 24.5 billion won (US$21.88 million) for capital increase to finance operations. The stocks will be offered to five including Korea Investment Partners’ fund and venture investment associations. The issue price is 39,800 won per share and the listing date is Sept. 27.The company will also issue convertible bonds worth 10.5 billion won and offer to Korea Investment Partners’ leverage fund and two ot

[THE INVESTOR] Biopharmaceutical company Celltrion announced on Aug. 30 that its biosimilar Remsima has been prescribed for more than 105,000 patients in Europe by end-June since its launch in August 2013.As the number of European patients who were prescribed Janssen’s Remicade (infliximab), the original drug to treat rheumatoid arthritis and autoimmune diseases, is estimated to be about 260,000, the biosimilar version is taking up about 40 percent of its market share, according to the company.

[DISCLOSURE] Meritz Fire & Marine Insurance (000060) reported on Aug. 30 that its operating profit in July rose 22.6 percent to 39.85 billion won (US$35.58 million) from the same period last year. Revenue increased 4.2 percent to 506.41 billion won and net profit hiked 25.5 percent to 28.29 billion won on-year.(theinvestor@heraldcorp.com)

[THE INVESTOR] Home furnishing company Hanssem has signed an agreement to export 35,000 blenders to China and Singapore, it announced on Aug. 29. The leading furniture and lifestyle goods company has branching out into small kitchen appliance business in August 2015 with a vacuum blender. The blender has won awards at international invention shows, and Hanssem is seeking to present it at home appliance exhibitions in Berlin and Las Vegas, aiming to expand sales to Europe and the US, with a 10 bi

[DISCLOSURE] Dongkook Industrial (001620) announced on Aug. 29 that it has decided to guarantee a 10.48 billion won (US$9.34 million) debt of its subsidiary KDK Automotive. This amounts to 5.7 percent of its equity capital.(theinvestor@heraldcorp.com)