[DISCLOSURE] Kolmar Korea (161890) said on Sept. 19 that it has established a special purpose company to acquire a US-based cosmetics manufacturer for 17 billion won (US$15.2 million).Kolmar Korea owns 100 percent of the SPC called Seokoh and has issued 15,300,000 shares. The Korean cosmetics company added that it plans to acquire 51 percent of US-based Process Technologies and Packaging. By Jung Min-kyung (mkj1105@heraldcorp.com)

Sept. 19, 2016

[DISCLOSURE] Korea Gas (036460) reported on Sept. 13 that its sales of natural gas in August increased 5.6 percent to 2,197,000 tons, on-year.Sales of city gas declined 1.5 percent to 805,000 tons while sales for power generators rose 10.4 percent to 1,392,000 tons. By Jung Min-kyung (mkj1105@heraldcorp.com)

Sept. 13, 2016

[THE INVESTOR] South Korean stocks opened higher on Sept. 13, on reduced chances for a US rate hike.The benchmark KOSPI rose 16.56 points, or 0.83 percent, to 2,008.04 in the first 15 minutes of trading.Market leader Samsung Electronics added 4.23 percent after shedding a day earlier.Top automaker Hyundai Motor stayed flat while its smaller affiliate Kia Motors shed 0.11 percent. A voting member of the Federal Open Market Committee hinted earlier in the day that it would be wise to keep monetary

Sept. 13, 2016

[THE INVESTOR] South Korean shares traded 1.82 percent lower late morning on Sept. 12, as investors dumped large-cap shares, spooked by heightened economic woes and growing geopolitical risk following North Korea’s nuclear test.The benchmark KOSPI dipped 39.19 points to 1,998.68 as of 11:20 a.m.Key events are ahead this week with possible US rate hike at the Federal Open Market Committee meeting. North Korea ramped up regional tensions last week by conducting its fifth nuclear test in defiance o

Sept. 12, 2016

[THE INVESTOR] South Korean stocks traded sharply lower late morning on Sept. 9, as investors were spooked by the possibility of North Korea conducting a nuclear test. The Korean won fell sharply against the US dollar.The benchmark KOSPI dropped 25.77 points, or 1.25 percent, to 2,036.96 as of 11:20 a.m.US stocks closed lower on Sept. 8 on a slump in tech stocks, with the Dow Jones industrial average losing 0.3 percent to 18,479.91 points in the face of a dip in Apple Inc. The US electronics com

Sept. 9, 2016

[THE INVESTOR] South Korean stocks closed almost flat Sept. 8, as investors sought to lock in recent gains, analysts said. The Korean won fell against the US dollar.The benchmark KOSPI rose 1.85 points, or 0.09 percent, to close at 2,063.73. Trade volume was moderate at 651 million shares worth 5.58 trillion won (US$5.11 billion), with losers outnumbering gainers 526 to 277.The local stock market opened higher as recent economic data in the US reduced the chance of the US Federal Reserve beginni

Sept. 8, 2016

[DISCLOSURE] Daewoo Engineering & Construction (047040) said on Sept. 8, that it has received an awarding letter from Ashghal, the public works authority of Qatar, for construction and upgrading of E-Ring Road in Doha, Qatar. The deal is estimated to be worth US$730 million.By Jung Min-kyung (mkj1105@heraldcorp.com)

Sept. 8, 2016

[THE INVESTOR] South Korean stocks traded lower late morning on Sept. 8, as investors attempted to cash in recent gains.The benchmark KOSPI fell 6.7 points, or 0.32 percent, to 2,055.18 as of 11:20 a.m.US stocks closed mixed on Sept. 7, with the tech-laden NASDAQ Composite reaching a new record high, while the Dow Jones industrial average edged down. Top market cap Samsung Electronics rose 0.25 percent, and major chipmaker SK hynix was up 1.45 percent.Naver, the country’s top portal operator, sh

Sept. 8, 2016