[DISCLOSURE] NK Invest announced on July 12 that it has sold 331,275 shares (2.61 percent) of Seven Star Works (121800) and its stake decreased to 5.35 percent with 738,262 shares.

[DISCLOSURE] KCI (036670) has signed a trust contract with Miraeasset Daewoo Securities to repurchase its own stocks worth 500 million won (US$434,028), the company announced on July 12.

[DISCLOSURE] Shinsegae (004170) will invest 6 billion won (US$5.21 million) in its affiliate Shinsegae Property for a suburban shopping complex in Korea, it announced on July 12.

 [DISCLOSURE] Samsung Engineering (028050) will guarantee a US$137.5 million loan of its affiliate Samsung Saudi Arabia, it announced on July 12. This amounts to 16.1 percent of its equity capital.

[DISCLOSURE] Hansol Seentec (099660) has signed a 4.21 billion won (US$3.65 million) contract with IHI Corporation for a project in Indonesia, it announced on July 12.

[DISCLOSURE] Taeyoung Engineering & Construction (009410) will lend 85.5 billion won (US$74.22 million) to its affiliate Eco City Development to finance initial costs for land and design supervision, it announced on July 12.

[DISCLOSURE] Minwise (214180) will terminate its 4 billion won (US$3.47 million) trust contract with Shinhan Investment for repurchase due to expiration, it announced on July 12. After the expiry the company will take back 109,597 shares of its own and cash.

[DISCLOSURE] Dongwha Enterprise (025900) announced on July 12 that its temporary operating profit in the second quarter increased 13.5 percent to 26.24 billion won (US$22.78 million) from the same period last year. Its revenue increased 2.5 percent to 176.45 billion won.

[DISCLOSURE] S&T Dynamics (003570) announced on July 12 that its agreement with Airbus Helicopter to locally develop and supply helicopter parts signed in March 2015 has not been carried out as the Airbus Group affiliate has not provided technological support for a long time. 　The company will seek a legal solution for this including a lawsuit for compensation, it added. 

[DISCLOSURE] Haesung D&S (195870) announced on July 12 that its operating profit in the second quarter jumped 73 percent to 8.3 billion won (US$7.20 million) from the same period last year. Its revenue increased 11 percent to 71.7 billion won.

[DISCLOSURE] Crucialtec (114120) has obtained a patent for an iris recognition device that can sort false eye images, it announced on July 12.

[DISCLOSURE] Sangbo (027580) has obtained a patent for a method to prepare alloy-shell quantum dot and a back light unit that includes alloy-shell quantum dot, it announced on July 12.

[DISCLOSURE] Chunil Express (000650) has decided on a cash dividend of 1,500 won (US$1.30) per share, it said on July 12. The total amount will be 2.14 billion won and the record date is June 30.

[DISCLOSURE] Mek ICS (058110) announced on July 12 that it will issue convertible bonds worth 7 billion won (US$6.08 million) and offer them to Korea Development’s venture capital division and three others, to finance operations. The maturity date is July 14, 2021.

[DISCLOSURE] Hankook Technology (053590) has obtained a Kazakh patent related to a system for drying coal using super-heated steam, it announced on July 12. The company already holds a patent in Canada.