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Start your day with a roundup of key stories from The Korea Herald with news and comment on all that’s happening in Korea.

LG Display to benefit from rising panel demand
[THE INVESTOR] Korean panel maker LG Display may continue to show improved results due to increased prices and strong technology demand, a local brokerage house Eugene Investment & Securities said on July 28. “LG Display’s second-quarter earnings have improved boosted by OLED and quickly stabilizing prices, sporting events, increasing sales of newly launched panels and improved demand in China,” said Lee Jung, an analyst at Eugene Investment. LG Display’s 65-inch Curved Ultra HD OLED TV Panel　T

July 28, 2016
Lower grade bonds soar in H1
[THE INVESTOR] The value of unsecured corporate bonds of BBB or lower ratings issued during the first half of the year has nearly doubled from a year ago, Financial Supervisory Service data showed on July 28.According to the data, the value of BBB or lower bonds issued during the period came to just under 1.39 trillion won (US$1.23 billion). In comparison, the figure for the same period last year is 757 billion won. The rise in BBB or lower corporate bonds is thought to have been fueled by the 1

July 28, 2016
[EQUITIES] Daishin Securities expects SK hynix’s earnings growth to slow in Q3
[THE INVESTOR] Daishin Securities on July 27 forecast SK hynix will report a slower earnings growth in the third quarter due to a delay in its planned investment in 3-D NAND flash memory.The brokerage put quarterly sales estimates at 4.94 trillion won (US$4.36 billion), with an operating profit of 484 billion won. Daishin also noted that second quarter net profit of 286 billion won missed market estimates by a wide mark, mainly on losses stemming from a stronger Korean currency.The chipmaker’s f

July 27, 2016
[EQUITIES] SK Securities forecasts earnings turnaround for Shinsegae Int’l
[THE INVESTOR] SK Securities on July 27 forecast Shinsegae International will swing to the black in the second quarter of this year as it completes the withdrawal of Salomon, a money-losing clothing brand. The brokerage expected operating profit rising 59.1 percent to 5.9 billion won (US$ 51.76 million) and sales increasing 6.1 percent to 240.9 billion on. These figures are higher than the market consensus of 3.4 billion won of operating profit and 237.9 billion won of sales. Shinsegae Internati

July 27, 2016
[EQUITIES] Kakao’s Q2 earnings to miss estimates
[THE INVESTOR] Eugine Investment and Securities on July 27 said that Kakao’s second-quarter earnings would miss estimates as the company’s online-to-offline businesses such as Kakao Driver has yet to gain momentum for profitability. The securities firm predicted the company’s April-July revenue and operating profit at 376.3 billion won (US$331.75 million) and 34.7 billion won, respectively, both missing earlier estimates. The suggested price for Kakao was also adjusted from the previous 170,000

July 27, 2016