Most Popular
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Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
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Wealthy parents ditch Korean passports to get kids into international school
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Man convicted after binge eating to avoid military service
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First snow to fall in Seoul on Wednesday
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Final push to forge UN treaty on plastic pollution set to begin in Busan
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Korea to hold own memorial for forced labor victims, boycotting Japan’s
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Nvidia CEO signals Samsung’s imminent shipment of AI chips
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Job creation lowest on record among under-30s
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Industry experts predicts tough choices as NewJeans' ultimatum nears
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NK troops disguised as 'indigenous' people in Far East for combat against Ukraine: report
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Pokemon Go success helps fuel OTC market boom
[THE INVESTOR] The popularity of Pokemon Go -- a mobile, augmented reality game -- is convincing more investors to see the money-making potential of unlisted firms trading in South Korea's over-the-counter stock market. According to Korea Financial Investment Association, an average daily trading value at the OTC has nearly doubled during the past seven months to 674 million won (US$ 591,400) in July from 390 million won in January. Monthly trading volume also has surged to 11.46 million shares
July 19, 2016
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[EQUITIES] LG Display to improve profits on growing panel prices
[THE INVESTOR] Samsung Securities on July 19 predicted that LG Display would benefit from growing panel prices in the latter half of this year, raising the target price from 24,000 won (US$21) to 33,000 won per share. The brokerage said Chinese rivals still have problems in beefing up larger liquid-crystal display panels, while the planned suspension of Samsung Display’s another LCD plant would cause a supply shortage to benefit LG Display. Considering the recent positive signs, the brokerage el
July 19, 2016
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BOK chief stresses accommodative monetary policy
[THE INVESTOR] The head of South Korea’s central bank has emphasized the need for an accommodative monetary policy to cope with a drawn-out economic slump but cautioned against its potential adverse impact causing financial instability.“It’s necessary to implement monetary policy in a direction that supports the recovery of a growth trend and also to pay keen heed to risks to financial stability,” Bank of Korea Gov. Lee Ju-yeol said in an international forum on July 19. BOK Gov. Lee Ju-yeolHe ci
July 19, 2016
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E-Land plans to add rental costs to Kim’s Club takeover deal
[THE INVESTOR] E-Land Group is in the final stages of negotiations with US private equity giant KKR to include the rental costs of its local retail chain Kim’s Club branches to a deal to sell over 70 percent stake in the hypermarket, according to sources on July 19. E-Land is pushing KKR, which was picked as the preferred bidder to acquire Kim’s Club in late March, to pay some 100 billion won (US$87.60 million) for five years of rental costs of the hypermarket franchise’ 37 branches in advance,
July 19, 2016
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[EQUITIES] HI Investment expects complete turnaround by Doosan Heavy Industries in Q3
[THE INVESTOR] HI Investment & Securities said on July 19 that Doosan Heavy Industries & Construction would continue into the black in the third quarter of this year after posting positive earnings in the second quarter.The firm is likely to continue to post profit as it initiates the orders it reaped in 2014 and 2015, the brokerage said.In the second quarter of this year, Doosan Heavy Industries’ operating profit rose 16 percent to 262.4 billion won (US$ 230.25 million). By Kim Ji-hyun (jemmie@
July 19, 2016
