[DISCLOSURE] Corestem (166480) has clinched a technology transfer deal worth 13 billion won (US$11.4 million) with Hanlim Pharm on a stem cell treatment for systemic lupus erythematosus, it said on July 26. The deal amounts to 19.4 percent of Corestem’s recent net worth.

July 26, 2016

[DISCLOSURE] Vitzrocell (082920) announced on July 26 that its operating profit rose 47.5 percent to 15.95 billion won (US$14 million) on-year. Revenue rose 10.8 percent to 91.02 billion won and net profit increased 38.6 percent to 13.96 billion won. The firm put its operating profit at 1.90 billion won for 2017, and its sales and net profit to reach 120 billion won, and 1.60 billion won, respectively.

July 26, 2016

[THE INVESTOR] South Korean shares traded almost flat late morning on July 26, as investors sat on the sidelines waiting for market-moving events.The benchmark Korea Composite Stock Price Index inched up 2.62 points, or 0.13 percent, to 2,014.94 as of 11:20 a.m.Market bellwether Samsung Electronics went up 0.87 percent while global chipmaker SK hynix fell 2 percent.Top automaker Hyundai Motor gained 1.11 percent and its smaller affiliate Kia Motors inched down 0.23 percent.The local currency was

July 26, 2016

[DISCLOSURE] I Factory (053810) said on July 26 that it has plans to raise capital worth 5 billion won (US$4.4 million) through a third party allocation to fund operations. The firm will issue 550,055 new shares at 9,090 won per share. The payment is due on Aug. 19. The issued shares will be listed on Sept. 9.

July 26, 2016

[DISCLOSURE] Namhae Chemical (025860) announced on July 26 that it has made a 7.04 billion won (US$6.16 million) deposit in its affiliate NongHyup Bank. This includes a foreign currency deposit of 2.89 billion won and operating fund of 4.14 billion won with an interest rate of 1.38 percent and 0.34 percent, respectively.

July 26, 2016

[DISCLOSURE] KT Skylife (053210) reported on July 26 that its second-quarter operating profit declined 2.3 percent to 28.37 billion won (US$24.85 million). Sales increased 5.9 percent to 172.21 billion won, while net profit fell 9.2 percent to 22.03 billion won.

July 26, 2016

[THE INVESTOR] The Japanese yen opened higher at 1,084.66 won on July 26, up 13.2 won from the previous closing of 1,071.46 won.

July 26, 2016

[THE INVESTOR] The euro opened higher at 1,254.77 won on July 26, up 4.24 won from the previous closing of 1,250.53 won.

July 26, 2016

[THE INVESTOR] The US dollar opened higher at 1,142.0 won on July 26, up 5.0 won from the previous closing of 1,137.0 won.

July 26, 2016

[THE INVESTOR] KOSDAQ opened higher at 705.80, up 0.84 points(0.12%) on July 26.　

July 26, 2016

[THE INVESTOR] KOSPI opened lower at 2,009.40, down 2.92 points(0.15%) on July 26.　

July 26, 2016

[DISCLOSURE] Playwith (023770) announced on July 25 that it has acquired privately placed convertible bonds worth 613.6 million won (US$539,000), before its expiration. The firm purchased the bonds on bondholders’ request for advanced redemption and will proceed to retire them.

July 25, 2016

[DISCLOSURE] US-based management company Lazard Asset Management currently owns 658,392 shares, accounting for 5.43 percent of the entire stock, in Viatron (141000), it said on July 25.

July 25, 2016

[DISCLOSURE] Daekyo (019680) has decided on a cash dividend of 100 won (US$0.09) per share with the total amount reaching 9.02 billion won, it said on July 25. The dividend rate will be 1.1 percent and the scheduled payment date is July 29.

July 25, 2016