The Korea Herald

KOSPI closes higher at 2,040.94 up 0.51 points

[THE INVESTOR] KOSPI closed higher at 2,040.94, up 0.51 points (0.02%) from the previous trading day, on Oct. 19.

Oct. 19, 2016

10 brokerage houses raided on Hanmi Pharma leak

[THE INVESTOR] Prosecutors raided around 10 brokerage houses on Oct. 19 amid allegations that the firms were involved in short-selling Hanmi Pharmaceutical shares based on leaked information.Investigators also raided Hanmi‘s headquarters on Oct. 17 on speculation it leaked confidential data before an official regulation filing, which could have resulted in unfair trading of shares on the stock market.The South Korean drug maker said last month its license deal on a lung cancer treatment drug wit

Oct. 19, 2016

[ANALYST REPORT] Caution over increasing volatility around Chinese data release

■USD-KRW down to high-KRW1,120 level due to easing upward pressure on USD and CNY appreciationThe USD-KRW rate opened Tuesday at KRW1,132.0, down KRW5.9 from the previous close. Upward pressure on the USD eased as U.S. industrial production and manufacturing activity in New York State came in lower than expected and Fed Vice Chairman Stanley Fischer made comments favoring a gradual rate increase. The People’s Bank of China announced that it would appreciate the CNY against the USD, placing downw

Oct. 19, 2016

Mercedes-Benz to recall over 1,100 cars in Korea

[THE INVESTOR] Mercedes-Benz will recall over 1,100 cars sold in South Korea for transmission-related problems, while global automaker Volvo will recall over 800 cars for waste water from air conditioners causing possible short circuits in electric units, the Transportation Ministry said on Oct. 19.According to the ministry, defective wiring in certain model year Mercedes-Benz cars could prevent the gear shifting to neutral or parking positions, possibly causing an accident.The recall affects 1,

Oct. 19, 2016

Mercedes-Benz to recall over 1,100 cars in Korea

Producer prices drop slightly in Sept.

[THE INVESTOR] South Korea’s producer prices dropped slightly from a year earlier in September, central bank data showed Oct. 19.The producer price index for September came to 99.24, down 1.1 percent from the same month last year, according to preliminary data from the Bank of Korea.Source : The Producer Price Index during September 2016Producer prices serve as an indicator of future consumer inflation.The September index marked a slight increase from a revised 99.00 in the previous month.Price

Oct. 19, 2016

KOSDAQ opens higher at 662.46 up 2.17 points

[THE INVESTOR] KOSDAQ opened higher at 662.46, up 2.17 points(0.33%) from the previous trading day, on Oct. 19.

Oct. 19, 2016

KOSPI opens lower at 2,036.18 down 4.25 points

[THE INVESTOR] KOSPI opened lower at 2,036.18, down 4.25 points (0.21%) from the previous trading day, on Oct. 19.

Oct. 19, 2016

Kakao Pay attracts 13m users

[THE INVESTOR] South Korea’s top mobile messenger operator Kakao said on Oct. 18 its mobile payment platform Kakao Pay currently has more than 13 million users, two years after its launch.A total of 13 million active users have paid for items through the one-click payment system since it was officially launched in September 2014, the company said. South Korea has a total population of 51 million.The platform is similar to online payment service PayPal of the United States, as users pre-register

Oct. 18, 2016

FSC focuses on revitalizing shipping sector

[THE INVESTOR] The Financial Services Commission affirmed on Oct. 18 that the government will soon unveil a set of measures to help reinvigorate the nation’s shipping industry.A sense of crisis is palpable here over the future of the sector, once hailed as a key business of the economy, as the country’s No. 1 shipper Hanjin Shipping has been placed under court receivership due to mounting debts.“With regard to the Hanjin issue, the part in which the government should have more interest is not to

Oct. 18, 2016

FSC focuses on revitalizing shipping sector

KOSDAQ closes higher at 660.29 up 0.46 points

[THE INVESTOR] KOSDAQ closed higher at 660.29, up 0.46 points(0.07%) from the previous trading day, on Oct. 18.

Oct. 18, 2016

KOSPI closes higher at 2,040.43 up 12.82 points

[THE INVESTOR] KOSPI closed higher at 2,040.43, up 12.82 points (0.63%) from the previous trading day, on Oct. 18.

Oct. 18, 2016

[URGENT] Prosecutors to indict Lotte Group Chairman Shin Dong-bin

[THE INVESTOR] South Korean prosecutors are going to indict Lotte Group’s Chairman Shin Dong-bin and his father Shin Kyuk-ho on OCT. 19. Prosecutors have accused the Chairman Shin of orchestrating a series of shady deals at the group‘s affiliates, as well as giving large stipends to the owner’s family for just being listed as board members of the conglomerate‘s Korean and Japanese branches. (theinvestor@heraldcorp.com)

Oct. 18, 2016

Hyundai Motor to expand production capacity in China

[THE INVESTOR] Hyundai Motor Group will work to expand its presence in the Chinese market with its overall production capacity there expected to reach 2.7 million vehicles per year in 2018, the automaker said on Oct. 18.The plan was announced at a ceremony, marking the construction of a new production facility in Cangzhou, Hubei province.“As a symbol of economic cooperation between South Korea and China, Beijing Hyundai breached the 8 million mark in production in August, and with the opening of

Oct. 18, 2016

Hyundai Motor to expand production capacity in China

Hankook Tire opens new R&D center in Korea

[THE INVESTOR] Hankook Tire opened a new research and development center in central South Korea on Oct. 18 in its latest move to strengthen its technological prowess, company officials said.The tire maker said the Hankook Technodome, in the central city of Daejeon, will act as a core instrument of its global R&D infrastructure. Currently, it runs R&D centers in the United States, China, Germany and Japan.The US$235 million center -- which stands on a massive floor space of 1 million square feet

Oct. 18, 2016

Hankook Tire opens new R&D center in Korea

[ANALYST REPORT] Stable foreign buying in spot market vs net selling in futures market

As heightened uncertainties towards global monetary policy have led to rising bond yields in major economies, foreigners have resumed net selling in the Korean futures bond market. However, noting their steady net buying in the spot market, we believe it is unnecessary to be concerned about possible foreign capital defection from the Korean bond market at this juncture. ▶Foreign investors’ bond investment trendsBalance: Last week (Oct 10~14), around W1tn worth of foreign-held won-denominated bon

Oct. 18, 2016

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