[THE INVESTOR] Shares in South Korea barely moved in late morning trade on Aug. 25, as investors stepped aside due to an apparent lack of leads. The benchmark KOSPI stood at 2,043.98 as of 11:20 a.m., inching up 0.22 point, or 0.01 percent, from the previous session’s close.The index opened slightly lower following overnight losses on Wall Street.The Dow Jones industrial average slipped 0.35 percent to close at 18,481.48, with the tech-heavy NASDAQ plunging 0.81 percent to 5,217.69.Investors wer

Aug. 25, 2016

[DISCLOSURE] Dong-A Socio Holdings (000640) announced on Aug. 24 that it plans to purchase 3.3 million shares, equivalent to 17.69 percent of total issued shares, of its affiliate ST Pharm (237690) in a takeover bid. The purchase price is 53,690 won (US$47.90) per share and the offering period is from Sept. 13 to Oct. 4. 　The firm added it has placed a bid to qualify as a holdings company.By Jung Min-kyung (mkj1105@heraldcorp.com)

Aug. 25, 2016

[DISCLOSURE] Daewoo Shipbuilding & Marine Engineering (042660) said on Aug. 24 said that its global depository receipts for 30,782,982 common stocks will be delisted from the Luxembourg Stock Exchange. By Jung Min-kyung (mkj1105@heraldcorp.com)

Aug. 24, 2016

[THE INVESTOR] South Korean shares were down slightly in late morning trading Aug. 24, as foreign and institutional investors sought to profit from early gains.The benchmark KOSPI lost 6.25 points, or 0.3 percent, to 2,043.68 as of 11:20 a.m.The index opened a tad higher following overnight gains on Wall Street, but later pared earlier gains as foreign investors and institutions turned to selling.Market behemoth Samsung Electronics plunged 2.19 percent as investors apparently sought to lock in o

Aug. 24, 2016

[DISCLOSURE] Samsung C&T (028260) said on Aug. 23 that Societe Algerienne De Production De L’electricite has announced its halt of a 660 billion won (US$588 million) power plant construction project in Mostaganem, Algeria. The deal was inked in 2014 and expires Aug. 5, 2017. Samsung C&T added that it plans to further negotiate with the government-owned electric utility to reach an agreement. By Jung Min-kyung (mkj1105@heraldcorp.com)

Aug. 24, 2016

[THE INVESTOR] Overnight gains on Wall Street led South Korean shares to open slightly higher Aug. 24.The benchmark KOSPI added 1.44 points, or 0.07 percent, to 2,051.37 in the first 15 minutes of trading.The slight increase followed overnight gains on Wall Street.The Dow Jones industrial average gained 0.1 percent to 18,547.3, with the tech-laden NASDAQ advancing 0.3 percent to 5,260.08.Large caps traded mixed, while market behemoth Samsung Electronics slipped 0.47 percent, one day after climbi

Aug. 24, 2016

[DISCLOSURE] JVM (054950) announced Aug. 23 that it has secured a pair of patents on automated pharmaceutical management systems. One is on an automated dispensing system and the other is for a medication canister equipped with an adjustable division block. By Jung Min-kyung (mkj1105@heraldcorp.com)

Aug. 23, 2016

[THE INVESTOR] Shares on the South Korean market made slight positive gains in late morning trading Aug. 23, led by top cap Samsung Electronics. The benchmark KOSPI gained 4.27 points, or 0.21 percent, to 2,046.43 as of 11:20 a.m.Samsung Electronics spiked 1.32 percent to a record high of 1,687,000 won (US$1,510). The gain came after a 0.6 percent drop in the previous session to 1,665,000 won.Other large caps traded mixed while gains in the auto industry also helped keep the index moving upward.

Aug. 23, 2016

[DISCLOSURE] Kodi-M (224060) announced Aug. 23 that it plans to issue convertible bonds worth 30 billion won (US$26.8 million) in total and offer them to K-Bio investment association in two phases. The firm will first issue convertible bonds worth 20 billion won at a conversion price of 11,936 won and maturity interest rate of 2 percent. The conversion period is from Oct. 21, 2017 to Sept. 21, 2021, and payment is due Oct. 21. The issuance of convertible bonds worth 10 billion won will follow wi

Aug. 23, 2016