[DISCLOSURE] Kiwoom Securities (039490) announced on July 7 that Templeton Global Advisors Limited from Bahama has sold 247,166 shares (1.12 percent), decreasing its stake of the securities firm to 4.55 percent.

[DISCLOSURE] LG Chemical (051910) will hold an IR session via conference call to be broadcast on its website for institutional investors, analysts and media on July 21, it announced on July 7.

[DISCLOSURE] TCC Steel (002710) announced on July 7 that its affiliate TCC Bend Korea has filed for termination of turnaround procedure, and will proceed into bankruptcy as it has failed to find a bidder in an open tender.

[DISCLOSURE] IBKS No.2 Special Purpose Acquisition Company (204840) said on July 7 that it had no important information to share in response to Korea Exchange’s inquiry regarding the recent surge in its stock price.

[DISCLOSURE] Exicon (092870) has signed a 7.5 billion won (US$6.5 million) contract with Samsung Electronics (005930) to supply semiconductor testing equipment, the company announced on July 7. This amounts to 14.24 percent of its recent revenue.

[DISCLOSURE] New Pride (900100) announced on July 7 that its largest shareholder has changed to SRV Enterprises (Cyprus) from Golden Eye Capital as it will participate in its 18 billion won (US$15.5 million) capital increase with third party allotment. SRV, a British merger and management consulting firm, will own 8.7 percent stake.

[DISCLOSURE] Lightron Fiber-optic Devices (069540) will close its shareholders’ registry from July 25 to 27 to confirm shareholders with rights for its upcoming extraordinary shareholders meeting, it announced on July 7.

[DISCLOSURE] Eugene Technology (084370) has signed a 8.5 billion won (US$7.3 million) contract with Samsung Electronics (005930) to supply semiconductor manufacturing equipment, the company announced on July 7. This amounts to 9 percent of its recent revenue.

[DISCLOSURE] Samsung Display has taken out property insurance policies worth 6.4 billion won (US$5.5 million) from its affiliate Samsung Fire & Marine Insurance (000810) for its building and equipment in Asan, South Chungcheong Province, it announced on July 7.

[DISCLOSURE] Korea Exchange has requested a statement from Samsung Heavy Industries (010140) regarding media reports saying it is seeking to halt production, it announced on July 7.

[DISCLOSURE] Nautilus Hyosung, Hyosung (004800)’s ATM subsidiary,  will guarantee a 7.8 billion won (US$6.7 million) loan for its affiliate Hyosung Financial System (Huizhou), the company announced on July 7.

[DISCLOSURE] Hot-Tech (015540) will reduce capital by consolidating its stocks at 10:1 ratio down to 3,049,196 shares, the company announced on July 5. The base date is Aug. 29. It will also reduce the stock price to 200 won from 500 won and split its 3,049,196 shares into 7,622,990 shares. The listing date for the new stocks is Sept. 13. Korea Exchange suspended trading of Hot-Tech stocks, it announced in a separate statement.

[DISCLOSURE] Samsung Electronics (005930) reported on July 7 that it has posted 8.1 trillion won (US$ 7 billion) in operating profits and 50 trillion won turnover in the second quarter, 17.39 percent and 3.01 percent increase from the same period last year, respectively.

[DISCLOSURE] Dae-Il Corporation (092200) will acquire entire stake of its affiliate DIC Global, it announced on July 6. DIC will take over 5,000,994 shares on Aug. 5. The auto parts maker will sell off its stake in Chinese affiliate Daeil Automotive Parts (Zhangjiagang) for 50 billion won (US$43.2 million) to finance this acquisition, the company announced in a separate statement.

[DISCLOSURE] LOT Vacuum (083310) has signed a contract to supply OLED manufacturing equipment, it announced on July 6. The contract contents will remain confidential in accordance with the nondisclosure agreement to protect trade secrets.