[DISCLOSURE] Paikkwang Industrial (001340) has decided to sell 38,501 shares of its own for 6 billion won (US$5.1 million), it announced on June 28. This follows an increase in exchangeable stocks due to adjustment in exchange price.

[DISCLOSURE] Pharmicell (005690) announced on June 28 that its 1.7 billion won (US$1.4 million) contract with Vindhya Organics to supply materials for AIDS treatment has been canceled, as the client had notified revocation of contract.

[DISCLOSURE] KG Inicis (035600) will sell 1,329,005 shares of its own for 17.7 billion won (US$15 million) in an after-hours block deal to participate in Payco O2O business, it announced on June 28. Payco is a payment service provided by NHN Entertainment (181710).

[DISCLOSURE] SY Panel (109610) announced on June 28 that it will offer its land worth 20.4 billion won (US$17.3 million) as collateral for its affiliate SY Tech’s 17 billion won debt. This amounts to 40.29 percent of its equity capital.

[DISCLOSURE] Hansol Seentec (099660) will issue stocks worth 19.8 billion won (US$16.8 million) to finance operations, the power plant builder announced on June 28. The subscription will be open to public and the issue price is 1,455 won. The listing date is Sept. 21.

[DISCLOSURE] Sewon (024830) will guarantee a 26 billion won (US$22 million) debt of its affiliate Sewon America, the auto parts company announced on June 28. This amounts to 14.5 percent of its equity capital.

[DISCLOSURE] Sigong Tech (020710) has received a 6.3 billion won (US$5.3 million) construction order from Ministry of Strategy and Finance, the company announced on June 28. This amounts to 8.73 percent of its recent revenue.

[DISCLOSURE] Nexturn (089140) has signed a 19.9 billion won (US$16.8 million) contract with China’s LENS Technology (Changsha) to supply IT machinery it announced on June 28. This amounts to 122.76 percent of its recent revenue.

[DISCLOSURE] Hyundai Merchant Marine (011200) announced on June 28 that its creditor-led workout program period has been extended by one month until July 29. 

[DISCLOSURE] Hyungji Elite (093240) will acquire 40 percent stake of Shanghai Yilite Fashion for 710 million won (US$601,185) to establish a joint venture company in China, it announced on June 28. This amounts to 0.8 percent of its equity capital.

[DISCLOSURE] KC Green Holdings (009440) announced on June 28 that its subsidiary KC Glass & Materials has been selected by Small and Medium Business Administration to run a technology development project. The government will fund 654 million won (US$553,768) for the project.

[DISCLOSURE] Rsupport (131370) has obtained a patent related to voice input/output unit for smart devices, it announced on June 28.

[DISCLOSURE] Advanced Process Systems (054620) has signed a US$40.2 million contract with China’s Wuhan Tianma Microelectronics to supply OLED manufacturing equipment, it announced on June 28. This amounts to 16.01 percent of its recent revenue.

[DISCLOSURE] Korean Reinsurance (003690) reported on June 28 that in May it posted sales of 59.5 billion won (US$50 million), with 39.5 billion in operating profit and 32.9 billion won net profit. The monthly sales was a 23.1 percent increase from the same period last year but the profits decreased by 19 percent and 14.1 percent, respectively.

[DISCLOSURE] Kangstem Biotech (217730) has obtained a patent related to pharmaceutical composition to prevent or treat immune or inflammation diseases, it announced on June 28.