[DISCLOSURE] Samkang M&T (100090) has signed a 27 billion won (US$17.50 million) MOU with Iranian shipbuilder ISOICO to install a 1000-ton crane, it said on July 20. The deal amounts to 14.04 percent of the firm’s latest total sales. The contract will expire March 18, 2018.

July 20, 2016

[THE INVESTOR] The euro ended at 1,256.22 won on July 20, down 1.67 won from the previous closing of 1,257.89 won.

July 20, 2016

[THE INVESTOR] The US dollar ended higher at 1,141.0 won on July 20, up 5.5 won from the previous closing of 1,135.5 won.

July 20, 2016

[DISCLOSURE] The Korea Development Bank announced on July 20 that it has purchased 4,037,829 shares of Dayou Winia (071460). The acquired shares account for 16.75 percent of the entire stock.Dayou Winia went public on the tech-heavy KOSDAQ on July 14.　

July 20, 2016

[DISCLOSURE] Hyundai Heavy Industries (009540) will temporarily shut down its plant in Ulsan due to the union’s ongoing partial strike, the shipbuilder of Hyundai Group said on July 20. The Ulsan plant -- which accounted for 47.82 percent of the firm’s total annual revenue last year -- will halt operations from 1 p.m. to 5 p.m. and 9 a.m. to 5 p.m. on July 20 and 22, respectively. HHI explained that it plans to post further notices on the shut down after negotiating with the union.

July 20, 2016

[THE INVESTOR] South Korean shares traded lower late morning on July 20, but pared part of earlier losses on gains in tech stocks.The benchmark Korea Composite Stock Price Index shed 5.32 points, or 0.26 percent, to 2,011.57 as of 11:20 a.m.Large caps traded mixed with market kingpin Samsung Electronics adding 0.26 percent.Global chipmaker SK hynix shed 1.54 percent, and POSCO, the country’s leading steelmaker, dropped 1.14 percent.Naver, the operator of the country’s top Internet portal, dipped

July 20, 2016

[DISCLOSURE] KEC Holdings (006200) has adjusted the conversion price of its convertible bonds with no warranty from 1,082 won to 961 won due to capital increase. The firm added that individuals with special relationship to the company’s largest shareholder have acquired a total of 11.23 million common shares.

July 20, 2016

[DISCLOSURE] Kang Stem Biotech (217730) announced on July 20 that it has earned patent rights for a pharmaceutical composition comprising stem cells treated with NOD2 agonist for immune disorders and inflammatory diseases such as rheumatoid arthritis.

July 20, 2016

[DISCLOSURE] Accupix (056730) has canceled its 3 billion won (US$2.2 million) deal with KIT as the private trading firm went out of business, it said on July 19. The two inked a deal back in 2014 which allowed Accupix to provide a forgery prevention product dubbed M-Tag to KIT.

July 20, 2016

[THE INVESTOR] The Japanese yen opened at 1,074.30 won on July 20, up 2.67 won from the previous closing of 1,071.63 won.

July 20, 2016

[THE INVESTOR] KOSDAQ opened higher at 704.02, up 1.58 points on July 20.

July 20, 2016

[THE INVESTOR] KOSPI opened lower at 2,013.40, down 3.49 points on July 20.

July 20, 2016

[THE INVESTOR] The euro opened at 1,257.59 won on July 20, down 0.3 won from the previous closing of 1,257.89 won.

July 20, 2016

[THE INVESTOR] The US dollar opened higher at 1,142.0 won on July 20, up 6.5 won from the previous closing of 1,135.5 won.

July 20, 2016