The Korea Herald

Seoul shares end lower on July 29

[THE INVESTOR] South Korean shares closed lower on July 29 as investors remained cautious following the disappointing stimulus measures of the Bank of Japan. The Korean won rose against the US dollar.After choppy trading, the benchmark Korea Composite Stock Price Index lost 4.91 points, or 0.24 percent, to 2,016.19. Trade volume recorded 361.38 million shares worth 4.96 trillion won (US$4.42 billion), with decliners outnumbering advancers 457 to 350.Local shares started higher after the US Feder

July 29, 2016

Seoul shares up in late morning trading

[THE INVESTOR] South Korean shares traded slightly higher late morning on July 29, led by tech shares.The benchmark Korea Composite Stock Price Index inched up 2.09 points, or 0.10 percent, to 2,023.19 as of 11:20 a.m.Market bellwether Samsung Electronics jumped 2.65 percent. A day earlier, the tech giant announced its biggest quarterly operating profit in more than two years. Auto shares were mixed, with market leader Hyundai Motor decreasing 2.50 percent while its smaller affiliate Kia Motors

July 29, 2016

EMnet stock gains 23% on bonus shares

[DISCLOSURE] EMnet (123570) reported that its share price rose 22.89 percent on the tech-heavy Kosdaq on July 29 based on its recent decision to issue bonus shares. The intraday share price was 12,350 won (US$10.98). The firm announced its decision to reward its shareholders in the ratio of 1:1 and the listing date is Sept. 6.

July 29, 2016

Seoul shares open higher on July 29

[THE INVESTOR] South Korean stocks opened higher on July 29, led by gains in tech shares.The benchmark Korea Composite Stock Price Index added 3.62 points, or 0.18 percent, to 2,024.72 in the first 15 minutes of trading.Tech shares gained, with Samsung Electronics increasing 1.59 percent and top chipmaker SK hynix jumping 2.09 percent.Auto shares were mixed, with market leader Hyundai Motor decreasing 0.37 percent while its smaller affiliate Kia Motors increasing 0.47 percent.The local currency

July 29, 2016

Seoul shares close lower as US Fed freezes key rate

[THE INVESTOR] South Korean stocks closed lower on July 28 as the US Federal Open Market Committee’s decision to freeze the key interest rate was in line with market expectations. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index fell 3.95 points, or 0.20 percent, to close at 2,021,10. Trading volume was moderate at 347.03 million shares worth 4.25 trillion won (US$3.77 billion), with advancers outpacing losers 405 to 373.“This FOMC (decision) is just

July 28, 2016

Seoul shares close lower as US Fed freezes key rate

LabGenomics obtains patent for DNA chip

[DISCLOSURE] LabGenomics (084650) said on July 28 that it has earned a patent for DNA chip for urogenital infections diagnosis.The firm explained the chip aids in distinguishing and diagnosing 14 different kinds of infections.

July 28, 2016

Seoul shares edge down in late morning trading

[THE INVESTOR] South Korean stocks traded 0.4 percent lower late morning on July 28 despite concerns of a sudden rate hike in the United States after the latest Federal Open Market Committee meeting, analysts said. The benchmark Korea Composite Stock Price Index edged down 8.16 points to 2,016.89 as of 11:20 a.m.The overnight US central bank policy meeting held the key rate at the current level without elaborating on the details of the timing of a looming rate hike, expected to take place someti

July 28, 2016

Yuhan inks deal with China’s Luoxin Biotech

[DISCLOSURE] Yuhan Corp. (000100) announced on July 28 that it has signed a technology transfer deal with China’s Luoxin Biotechonology for YH25448, a new targeted therapy for lung cancer.The firm will receive an upfront payment of US$6 million and subsequent milestone payments that amount up to US$120 million.

July 28, 2016

Seoul stocks open slightly higher on July 28

[THE INVESTOR] South Korean stocks opened slightly higher on July 28 as the US Federal Open Market Committee meeting results were in line with market expectations, analysts said.The benchmark Korea Composite Stock Price Index added 2.29 points, or 0.11 percent, to 2,027.34 in the first 15 minutes of trading.Tech shares were mixed, with Samsung Electronics inching down 0.20 percent and top chipmaker SK hynix remaining unchanged. LG Electronics also remained unchanged.As widely expected, the Feder

July 28, 2016

Seoul stocks open slightly higher on July 28

Japanese yen opens at 1,074.0 won

[THE INVESTOR] The Japanese yen opened lower at 1,074.0 won on July 28, down 1.05 won from the previous closing of 1,075.05 won.

July 28, 2016

Dollar opens at 1,129.0 won

[THE INVESTOR] The US dollar opened lower at 1,129.0 won on July 28, down 5.0 won from the previous closing of 1,134.0 won.

July 28, 2016

KOSDAQ opens at 702.94 up 1.85 points

[THE INVESTOR] KOSDAQ opened higher at 702.94, up 1.85 points on July 28.

July 28, 2016

KOSPI opens at 2,029.07 up 4.02 points

[THE INVESTOR] KOSPI opened higher at 2,029.07, up 4.02 points on July 28.

July 28, 2016

Dongwon Metal to invest W3b in Mexico affiliate

[DISCLOSURE] Dongwon Metal (018500) said on July 27 that it will invest 3.4 billion won (US$2.90 million) in its affiliate Dongwon Autopart Mexico to establish an industrial site. Dongwon Metal holds a 91 percent stake in the affilate.

July 27, 2016

C-TRI to issue W10b worth of bonds

[DISCLOSURE] C-TRI (047920) announced on July 27 that it will issue 10 billion won (US$8.8 million) worth of bonds with warrants to raise capital. The interest rate is 1.0 percent. The exercising price is 8,180 won and the maturity date is July 28, 2019.

July 27, 2016

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