The Korea Herald

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Articles by 황유미

LG Innotek to invest US$20m in Vietnamese subsidiary

Jul 27, 2016

[DISCLOSURE] LG Innotek (011070) announced on July 27 that it has decided to invest US$20 million in its wholly-owned subsidiary LG Innotek Vietnam Hai Phong to establish a new camera module manufacturing venture. This amounts to 1.3 percent of its equity capital.
Hansol Paper's Q2 operating profit surges 124% to W42.2b

Jul 27, 2016

[DISCLOSURE] Hansol Paper (213500) reported on July 27 that its second-quarter operating profit surged 124 percent to 42.2 billion won (US$37.21 million) from the same period last year. Sales came in at 384.2 billion won, up 3 percent on-year and net profit spiked 140 percent to 16 billion won.
LG International's Q2 operating profit jumps 86% to W56.3b

Jul 27, 2016

[DISCLOSURE] LG International (001120) reported on July 27 that its second-quarter operating profit came in at 56.3 billion won (US$49.64 million), jumping 86 percent from the same period last year. Sales fell 11.2 percent to 2.85 trillion won while net profit surged 380.1 percent to 30.6 billion won.
[URGENT] LINE posts 13.37 billion yen operating profit in H1

Jul 27, 2016

[THE INVESTOR] Naver's messaging subsidiary LINE Corp. reported on July 27 that its operating profit in the first half of this year came in at 13.37 billion yen (US$126.77 million).
Hyundai E&C's Q2 operating profit rises 5.5% to W268.4b

Jul 27, 2016

[DISCLOSURE] Hyundai Engineering & Construction (000720) announced on July 27 that its operating profit in the second quarter rose 5.5 percent to 268.4 billion won (US$236.66 million) from the same period last year. Its sales slipped 2.7 percent down to 4.69 trillion won while its net profit increased 16.4 percent to 167.7 billion won.
[URGENT] LG Display's Q2 operating profit plunges 90.9%

Jul 27, 2016

[THE INVESTOR] LG Display (034220) announced on July 27 that its second-quarter operating profit plunged 90.9 percent to 44.4 billion won (US$39.08 million) from the same period last year. Its sales fell 12.7 percent to 5.86 trillion won on-year. By Hwang You-mee (glamazon@heraldcorp.com)
Cymechs signs W10.22b contract with Samsung SDS

Jul 27, 2016

[DISCLOSURE] Cymechs (160980) announced on July 26 that it has signed a 10.22 billion won (US$9 million) contract with Samsung SDS (018260) to supply EFEM for facility automation. This amounts to 18.44 percent of the tool automation specialist's revenue last year.
Korean entertainment companies struggle for IPO

Jul 27, 2016

[THE INVESTOR] Despite the seemingly limitless rise of Korean entertainers in and out of country, their companies are still finding it difficult to go public. The most recent bad news came from DreamT Entertainment. The management company of popular band Girls Day has withdrawn its plans to merge with Golden Bridge SPAC No.4 and list the firm, according to data released by Korea Exchange on July 25. DreamT Entertainment's popular band Girls DayAlthough the company posted 16.1 billion won (US$14
Hyundai Motor to invest W1.41tr in new building

Jul 26, 2016

[DISCLOSURE] Hyundai Motor (005380) will invest 1.41 trillion won (US$1.25 billion) to build a new Global Business Center building in Samseong-dong, Seoul, it announced on July 26. This amounts to 2.1 percent of its equity capital.
ST Pharm's Q2 operating profit soars 548.2% to W31.21b

Jul 26, 2016

[DISCLOSURE] ST Pharm (237690) reported on July 26 that its second-quarter operating profit soared 548.2 percent to 31.21 billion won (US$27.48 million) from the same period last year. Its sales leaped 129.8 percent to 69.77 billion won and net profit surged 621.5 percent to 23.72 billion won.
Daehwa Pharma to invest W4.33b, to wholly own its affiliate

Jul 26, 2016

[DISCLOSURE] Daehwa Pharmaceutical (067080) announced on July 26 that it will acquire 866,537 shares of its affiliate Redox Bio at 4.33 billion won (US$3.81 million). This amounts to 7.02 percent of its equity capital and will be done by participating in a capital increase allocated to a shareholder. It will wholly own the bio medical equipment manufacturing affiliate.
Hansae acquires 40% stake of MK Trend at W119b

Jul 26, 2016

[DISCLOSURE] Hansae (105630) announced on July 26 that it has acquired 5,059,806 shares of MK Trend (069640) at 119 billion won (US$145.7 million), and it now owns 40 percent stake of the apparel maker. This amounts to 27.96 percent of its equity capital.
Singaporean sovereign wealth fund owns 5% stake of LIG Nex 1

Jul 26, 2016

[DISCLOSURE] Singapore’s sovereign wealth fund GIC Private Limited announced on July 26 that it owns 1,120,471 shares (5.093 percent stake) of defense company LIG Nex 1 (079550) as of July 20.
CJ Seafood's Q2 operating profit drops 47.9%

Jul 26, 2016

[DISCLOSURE] CJ Seafood (011150) reported on July 26 that its second-quarter operating profit dropped 47.9 percent to 641 million won (US$564,410) from the same period last year. Its sales inched up 8.9 percent to 40.5 billion won while net profit jumped 98.1 percent to 1.27 billion won.
Daelim C&S's Q2 operating profit slips 1.3%

Jul 26, 2016

[DISCLOSURE] Daelim C&S (004440) reported on July 26 that its second-quarter operating profit slipped 1.3 percent down to 15.86 billion won (US$13.97 million) from the same period last year. Its sales dropped 8.6 percent to 72.88 billion won while net profit increased 23 percent to 10.24 billion won.