The Korea Herald

Intops invests W8b in auto parts manufacturer

[DISCLOSURE] Intops (049070) has decided to invest in auto parts manufacturing firm Mirae (025560) by purchasing 71.33 percent of its entire stock worth 8.3 billion won (US$7.30 million), it announced on July 19 . The spokesperson for Intops explained the investment was based on acquiring motivation for long-term growth.

July 19, 2016

Hyundai Investment Securities acquires 5.03% stake in Dongsung Chemical

[DISCLOSURE] Hyundai Investment Securities (003450) reported that it has acquired 266,804 shares of Dongsung Chemical (005190) on July 19. The purchased shares account for 5.03 percent of the entire stock.

July 19, 2016

Seoul stocks fall after 6-day rise

[THE INVESTOR] South Korean stocks fell 0.21 percent on July 19, snapping a rise for six straight sessions, as investors attempted to cash in on recent gains. The Korean won fell against the US dollar.The benchmark Korea Composite Stock Price Index fell 4.22 points to close at 2,016.89. Trade volume was moderate at 377 million shares worth 3.69 trillion won (US$3.25 billion), with losers outnumbering gainers 482 to 296.The local stock market opened lower on profit-taking. Last week, the KOSPI su

July 19, 2016

Miwon Chemical CEO’s relative sells shares

[DISCLOSURE] Miwon Chemical (134380) announced on July 19 that a relative of the company’s largest shareholder has sold a total of 416 shares, which takes up 0.02 percent of the entire stock.

July 19, 2016

Japanese yen ends at 1,071.63 won

[THE INVESTOR] The Japanese yen opened at 1,071.63 won on July 19, down 6.47 won from the previous closing of 1,078.10 won.

July 19, 2016

Euro ends at 1,257.89 won

[THE INVESTOR] The euro ended at 1,257.89 won on July 19, down 0.43 won from the previous closing of 1,258.32 won.

July 19, 2016

Dollar ends lower at 1,135.5 won

[THE INVESTOR] The US dollar ended lower at 1,135.5 won on July 19, down 0.9 won from the previous closing of 1,136.4 won.

July 19, 2016

Toptec exercises conversion rights on 1.05m shares

[DISCLOSURE] Toptec (108230) has exercised its conversion rights on 1.05 million shares, the company announced on July 19. The conversion price will be 10,450 won (US$9.20) per share and amounts to 11 billion won in total. The maturity date is Aug. 2.

July 19, 2016

Daewoo Electronic Components Q2 operating profit up 412%

[DISCLOSURE] Daewoo Electronic Components (009320) announced on July 19 that the company’s second-quarter operating profit increased 412 percent on-year to 959 million won (US$843,000).Its revenue rose 16.1 percent to 13.19 billion won, and its net profit stood at 543 million won.

July 19, 2016

Seoul shares down in late morning trading

[THE INVESTOR] South Korean shares traded lower late morning on July 19, on losses in auto and tech stocks.The benchmark Korea Composite Stock Price Index shed 9.1 points, or 0.45 percent, to 2,012.01 as of 11:20 a.m.Large caps traded mixed with market kingpin Samsung Electronics adding 0.53 percent.Global chipmaker SK hynix shed 2.29 percent, and POSCO, the country‘s leading steelmaker, dropped 3.29 percent.Top automaker Hyundai Motor fell 1.14 percent, and its smaller affiliate Kia Motors trad

July 19, 2016

Kyung-in Synthetic to dispose treasury stocks

[DISCLOSURE] Kyung-in Synthetic Corporation (012610) has decided to sell 140,000 of its stocks at 4,080 won (US$3.58) per share to gain on sales of treasury stock, it announced on July 19. The total offering amounts to 571.2 million won.

July 19, 2016

CJ CGV CEO acquires additional common shares

[DISCLOSURE] CJ CGV (079160) announced on July 19 that CEO Seo Jung has purchased 1,020 additional shares of the company’s common stock at 88,496 won (US$77.67) per share. Seo’s stake in CJ’s multiplex cinema chain remains at 0.02 percent.

July 19, 2016

Seoul shares open weak on July 19

[THE INVESTOR] South Korean shares started lower on July 19 as investors cashed in on their recent gains.The benchmark Korea Composite Stock Price Index slipped 6.11 points, or 0.3 percent, to 2,015.00 in the first 15 minutes of trading.Most large caps traded mixed with market kingpin Samsung Electronics falling 0.33 percent.Top automaker Hyundai Motor shed 0.38 percent, and top steelmaker POSCO also fell 1.32 percent.In contrast, Naver, the operator of the country’s top Internet portal, rose 0.

July 19, 2016