Korea-China FTA boosts cross-border investment

[THE INVESTOR] Cross-border investment between South Korea and China has risen sharply this year, fanned by the Korea-China free trade agreement, industry data showed on July 13. The trade pact took effect in December 2015. According to the Kora International Trade Association, South Korean entities invested US$2.2 billion in China during the first five months of the year. The figure is 12.2 percent higher than that recorded during the same period last year. The Korea-China FTA signing ceremony

July 13, 2016

[EQUITIES] Mirae Asset forecasts improved earnings for LG Hausys in H2

[THE INVESTOR] Mirae Asset Securities on July 13 issued a report saying it expects construction materials producer LG Hausys’ earnings to improve in the latter half of this year.During the second quarter, the firm’s sales and operating profit was estimated at 755.6 billion won (US$656.54 million) and 50.9 billion won, respectively. The figures are in line with market consensus. The report said a B2B construction materials market expansion this year is expected to continue bolstering the firm’s g

July 13, 2016

[EQUITIES] Yuanta Securities forecasts Samsung Electronics’ 2017 operating profit at W31tr

[THE INVESTOR] Yuanta Securities said in a July 13 report that Samsung Electronics is likely to maintain strong growth next year. Its estimates showed the world’s largest tech company posting an annual operating profit of 31 trillion won (US$ 26.93 billion) on a consolidated basis in 2017. The release of the next iPhone from Samsung’s global rival Apple may pose a risk in the latter half of 2017, the report said, but expected solid growth in semiconductor chips and displays will offset it.In the

July 13, 2016

[EQUITIES]SK Securities sees LG Display performance rebounding in Q3

[THE INVESTOR] SK Securities said LG Display -- the world’s No.1 producer of large-sized LCD-panels -- is expected to see its third-quarter earnings rebound following significant declines in the second quarter.“A fall in liquid-crystal display panel supply, combined with reduced production from Samsung Display, is likely to push up panel prices in the third quarter,” the brokerage said in a report on July 13. Its estimates showed LG Display’s third-quarter sales at 6.79 trillion won (US$5.89 bil

July 13, 2016