[DISCLOSURE] Hyundai Cement (006390) announced on Oct. 21 that it has decided on a capital increase worth 58.4 billion won (US$51.42 million) through third-party allotment. A total of 14,243,268 stocks will be distributed to 23 of creditor banks, which accepted a debt-equity swap.By Park Yuna (yunapark@heraldcorp.com)

Oct. 21, 2016

[THE INVESTOR] Huneed Technologies’ operating profit in the third quarter is expected to rise 673 percent on-year reaching 400 million won (US$352.20), and sales will mark 10.6 billion won up 24 percent, according to Shinhan Investment on Oct. 21.“We expect sales of 3.6 billion won from domestic defense projects, 5.7 billion won from overseas operations and 1.3 billion won from civil aircraft parts,” the securities firm said on the company’s sales in the period. For 2016, Shinhan forecasts that

Oct. 21, 2016

[THE INVESTOR]  South Korean exports climbed 1.2 percent on-year in the first 20 days of October, customs data showed on Oct. 21.The country’s exports totaled US$24.99 billion on Oct. 1-20, up from $24.7 billion tallied over the same period last year, according to the Korea Customs Service.It turned around from an 18.2 percent plunge tallied over the first 10 days of the month.A rise in the semiconductor and shipbuilding sectors led the rebound, with exports of chips gaining 2.5 percent on-year

Oct. 21, 2016

[THE INVESTOR] Hanjin Shipping plans to sell 54-percent stake in a US affiliate that runs a terminal in the Port of Long Beach, California, industry sources said on Oct. 21. Total Terminals International, established in 1992, operates two facilities in Long Beach and Seattle, and handles some 30 percent of cargo along the US West Coast. The move came as the country’s No. 1 shipper is seeking to sell its Asia-US route, vessels, and 10 overseas operations.Hanjin Shipping was put under court receiv

Oct. 21, 2016

[THE INVESTOR]  South Korean funds flowing into Brazilian stocks and resources have seen stellar returns this year, according to a fund evaluation on Oct. 21.According to Zeroin, this year’s cumulative return of local Brazil-related investment funds with net assets of 1 billion won (US$890,000) or more stood at a whopping 60.5 percent as of Oct. 18, far outshining other overseas funds.Overseas equity funds came next with a cumulative yield of 36.7 percent, trailed by funds investing in stocks of

Oct. 21, 2016

[THE INVESTOR]  South Korean exports to China decreased 9 percent on-year in September, the 15th consecutive month of decline, data showed on Oct. 21. Shipments to China stood at US$10.96 billion in September, compared with US$12.04 billion for the same month last year, according to the data from the Korea International Trade Association.China, grappling with slow growth, is South Korea’s biggest export destination, and the neighboring country is seeking to boost demand for its own products on i

Oct. 21, 2016

[THE INVESTOR] Top business conglomerates in South Korea have expanded investment in their smaller companies but little incentives hinder such efforts, a survey showed on Oct. 20. In a survey conducted by the Federation of Korean Industries, the country’s 30 largest business groups and their subsidiaries said they have increased their combined cash payment to their suppliers to 81.7 percent from 64.3 percent six years earlier when the government launched the state commission on corporate partner

Oct. 20, 2016

[DISCLOSURE] U&I (056090), an orthopedic device manufacturer, announced on Oct. 20 that it has decided to sign a trust contract with Hyundai Securities (003450) to repurchase its stocks worth 2 billion won (US$1.78 million). The company made the decision as “its stock price have fallen excessively,” the company said. The contract lasts from Oct. 21 to April 20, 2017. By Park Yuna (yunapark@heraldcorp.com)

Oct. 20, 2016

[DISCLOSURE] Tongyang (001520) announced on Oct. 19 that Eugene (023410) and Eugene Investment & Securities have increased their stake from 27.5 percent to 30.03 percent, respectively, by acquiring over 6 million stocks between Oct. 6 and 18.Eugene and Eugene Investment & Securities have bought 2.29 million and 3,745,000 stocks, respectively. Eugene recently has been seeking to participate in Tongyang’s management such as calling for an extraordinary shareholders meeting to select director. By P

Oct. 19, 2016