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Samsung F&M to hold IR sessions in Singapore, Hong Kong

Aug 26, 2016

[DISCLOSURE] Samsung Fire & Marine Insurance (000810) announced on Aug. 26 that it will hold IR sessions for foreign institutional investors in Singapore and Hong Kong on Aug. 30 and Sept. 1-2. (theinvestor@heraldcorp.com)
Cristal New Material's CEO increases stake to 38.3%

Aug 26, 2016

[DISCLOSURE] Cristal New Material (900250) reported on Aug. 26 that its CEO Dai Ja Long has acquired 80,000 shares, increasing his stake by 0.1 percent point to 38.3 percent.(theinvestor@heraldcorp.com)
Hollys Coffee to short-list bidders for October final bid

Aug 26, 2016

[THE INVESTOR] Nearly ten bidders turned in letters of intent for the sale of Hollys F&B, the operator of coffee chain Hollys Coffee, at the preliminary bidding that closed Aug. 25, according to news reports.Although the names and prices are to remain undisclosed, strategic investors from China and Thailand as well as financial investors from South Korea, mainland China and Hong Kong showed interest, according an official from Hollys. Hollys Coffee shop in Vietnam opened last yearDeutsche Bank i
SsangYong E&C wins two turnkey orders

Aug 26, 2016

[THE INVESTOR] SsangYong Engineering & Construction announced on Aug. 25 that it recently received two full turnkey orders. It won an 81.3 billion won order to improve swell waves at the Pohang harbor, and will oversee the whole process from engineering to construction. SssangYong also received a 132.7 billion won (US$118.4 million) construction order for the metropolitan water supply pipelines in May, the first turnkey project in the country for the company since it merged with Investment Corpo
Hyundai Mipo's July sales down 18% to W255b

Aug 25, 2016

[DISCLOSURE] Hyundai Mipo Dockyard (010620) reported on Aug. 25 that its sales in July fell 18.3 percent to 254.9 billion won (US$227.41 million) from the same period last year.(theinvestor@heraldcorp.com)
Hyundai Heavy's July sales down 15% to W2tr

Aug 25, 2016

[DISCLOSURE] Hyundai Heavy Industries (009540) announced on Aug. 25 that its sales in July declined 14.71 percent to 1.62 trillion won (US$1.44 billion won) from the same period last year. The amount of orders fell 45.64 percent to US$4.92 billion.(theinvestor@heraldcorp.com)
LG, Samsung holding breath for Chinese certification for EV batteries

Aug 25, 2016

[THE INVESTOR] LG Chem and Samsung SDI have completed preparations for certification from the Chinese government as electric vehicles battery manufacturers, according to Herald Business on Aug. 25. The South Korean battery-makers are awaiting the fifth round of certifications, which is expected to start accepting applications between the end of August and early September. Despite their leading technologies and strong international market share, they both failed to receive certification at the fo
Sungdo E&C's trust contract for W2b repurchase expires

Aug 25, 2016

[DISCLOSURE] Sungdo Engineering & Construction (037350) announced on Aug. 25 that its trust contract with Hyundai Securities for a 2 billion won (US$1.78 million) repurchase has expired. The company will take back its own shares and cash.(theinvestor@heraldcorp.com)
Megastudy Edu to absorb subsidiary MBest Edu

Aug 25, 2016

[DISCLOSURE] Megastudy Education (072870) announced on Aug. 25 that it will absorb its wholly-owned subsidiary MBest Education to improve management efficiency. (theinvestor@heraldcorp.com)
NHN Entertainment acknowledges reviewing McDonald's takeover

Aug 25, 2016

[DISCLOSURE] NHN Entertainment (181710) acknowledged media reports that said it is reviewing taking over McDonald’s Korea with KG Group but did not provide any specifics, in a statement released on Aug. 25 in response to Korea Exchange’s inquiry regarding the matter.(theinvestor@heraldcorp.com)
Iljin Electric and Siemens join hands to develop eco-friendly gas insulated switchgear

Aug 25, 2016

A signing ceremoy between Iljin Electric and Siemens held in Paris. Iljin Electric[THE INVESTOR] Iljin Electric signed a memorandum of understanding with Siemens to jointly develop an environmentally friendly gas-insulated switchgear at a Council on Large Electric Systems 2016 session in Paris, it announced Aug. 25. The South Korean company and its German partner will develop a 170-kilovolt gas-insulated switchgear to use vacuum interrupter and dry air technologies, a first in the world. The sw
Pharma industry registers high growth in H1

Aug 25, 2016

[THE INVESTOR] The top 20 South Korean pharmaceutical companies’ exports reached 710.6 billion won (US$634.8 million) in the first half of this year, an 18 percent increase from the same period last year, according to the Financial Supervisory Service’s report Aug. 25.The export amount accounted for 14.4 percent of total revenue, up from last year’s 13.7 percent. LG Life Science led the growth with 100 billion won in sales overseas, which accounted for over 40 percent of its total revenue. Deman
Hanssem enters China

Aug 25, 2016

[THE INVESTOR] South Korea's home furnishing company Hanssem is entering China set to start business next year, it announced Aug. 25. The company established a corporation in Shanghai with 30 billion won (US$26.8 million) capital stock earlier this year, estimated to amount to 7 percent of its equity capital. About 30 employees from the headquarters are conducting market research and business feasibility, according to media reports, aiming to start selling furniture and kitchenware to Chinese co
Shinhan Financial Group to issue CoCo bonds worth W200b

Aug 24, 2016

[DISCLOSURE] Shinhan Financial Group (055550) announced on Aug. 24 that it will issue contingent convertible bonds worth 200 billion won (US$178.10 million) to improve BIS capital ratio.(theinvestor@heraldcorp.com)
NS Shopping to invest W6b in affiliate NF

Aug 24, 2016

[DISCLOSURE] NS Shopping (138250) announced on Aug. 24 that it has participated in its affiliate NF’s capital increase with allotment to shareholders and will invest 120,000 common stocks worth 6 billion won (US$5.34 million). (theinvestor@heraldcorp.com)