[DISCLOSURE] Hyundai Corp. (011760) announced on Aug. 4 that Korean Commercial Arbitration Board has determined it should pay US$38.03 million with 6 percent annual interest rate to its affiliate Hyundai Heavy Industries (009540) that filed to claim for goods. It will reclaim the money from its Russian distributor and pay the compensation. The arbitration cost will be paid 50:50.

[DISCLOSURE] Hyundai Corp. (011760) announced on Aug. 4 that Korean Commercial Arbitration Board has determined it should pay US$38.03 million with 6 percent annual interest rate to its affiliate Hyundai Heavy Industries (009540) that filed to claim for goods. 　It will reclaim the money from its Russian distributor and pay the compensation. The arbitration cost will be paid 50:50.

[THE INVESTOR] Golfwear brand Castelbajac has succeeded in attracting 45 billion won (US$40.27 million) investment via convertible preferred stocks from JKL Partners and Shinhan BNP Paribas Asset Management, it announced Aug. 4.The company was spun off from apparel group Hyungji that acquired domestic licensing from the French designer Jean Castelbajac in 2014 and pan-Asian licensing in 2015. Hyungji launched the brand known for vivid colors and bold designs as a golfwear line last year and open

[DISCLOSURE] Melfas (096640) announced on Aug. 4 that it will invest US$10 million in an analog semiconductor developer in Jiangxi, China to enhance competitiveness in Chinese market and to profit from commercializing new IoT products. This amounts to 11.76 percent of its equity capital.

[DISCLOSURE] CJ O’Shopping (035760) announced on Aug. 4 that its operating profit in the second quarter increased 19.1 percent to 54.36 billion won (US$48.64 million) from the same period last year. Sales decreased 5.8 percent to 554.87 billion won and net profit slipped 0.2 percent to 31.09 billion won.

[DISCLOSURE] BGF Retail (027410) announced on Aug. 4 that its operating profit in the second quarter increased 22.1 percent to 62.7 billion won (US$56.11 million) from the same period last year. Sales increased 14.6 percent to 1.27 trillion won and net profit rose 23.9 percent to 52.4 billion won on-year.

[DISCLOSURE] Hanwha Techwin (012450) announced on Aug. 4 that its operating profit in the second quarter turned to black at 44.49 billion won (US$40.26 million) from the same period last year. Sales increased 35.14 percent to 820.66 billion won and net profit also turned to black at 31.35 billion won.

[DISCLOSURE] Samsung Engineering (028050) announced on Aug. 4 that it has signed a 814 billion won (US$728.42 million) contract with its affiliate Samsung Display to provide infrastructure for display panel manufacturing. This amounts to 12.64 percent of its 2015 revenue.

[THE INVESTOR] Chinese toy and game maker Hengsheng Group is to be listed on South Korea’s secondary bourse KOSDAQ on Aug. 18. Established in 1992, it is the largest toy manufacturer in Fujian province, supplying toys to international enterprises such as Disney, Mattel and Fisher-Price. It also has been making mascots for three consecutive Olympics from 2004 to 2012. “We will bridge the cultural industry between Korea and China, and grow into an international family entertainment company,” said

[THE INVESTOR] Retail giant E-mart announced on Aug. 3 that its own apparel label DAIZ will be reborn as a fashion-oriented brand. Although it has steadily grown to record the second-largest sales volume among SPA brands in the country next only to Uniqlo, it failed to outgrow the image of a private label offered by a big box retailer. As the discount chain and its social media-savvy owner Chung Yong-jin posted online, DAIZ will further communicate with its clientele through social media and fas