The Korea Herald

Asiana Airlines to invest W20b in Air Seoul

[DISCLOSURE] Asiana Airlines (020560) announced on Aug. 19 that it will invest 20 billion won (US$18.04 million) in its subsidiary Air Seoul’s capital increase allotted to shareholders. The total amount of its investment will reach 35 billion won. By Hwang You-mee (glamazon@heraldcorp.com)

Aug. 19, 2016

Dr. Jart opens first store in China

[THE INVESTOR] South Korean “cosmeceutical” brand Dr. Jart opened its first flagship store in China in Shanghai, it announced Aug. 19. Located on the first floor of Super Brand Mall, the largest shopping complex in the city, it showcases about 45 major items, including brightening cream, mask sheets and its best-selling range Ceramidin. Dr. Jart had been available only at multi-brand cosmetics store Sephora’s branches in China. The 11-year-old brand has expanded to 17 countries, including the US

Aug. 19, 2016

China Ocean Resources to issue 3m stocks for W12b capital increase

[DISCLOSURE] China Ocean Resources (900050) announced on Aug. 19 that it will issue 3 million stocks worth 12 billion won (US$10.82 million) and offer to Ocean Ample Overseas and a Hong Kong investment firm owned by its largest stakeholder Zhang Hou Li’s son to solve its financial difficulties. By Hwang You-mee (glamazon@heraldcorp.com)

Aug. 19, 2016

Hyundai Rotem collects W83b from Iran

[THE INVESTOR] Hyundai Rotem has collected 83.5 billion won (US$74.7 million) in outstanding payments from a railway project in Iran, according to news reports Aug. 19.It signed a contract in 2004 with Raja, a public enterprise under the national Islamic Republic of Iran Railways, to supply 150 diesel trains. The company started delivering trains in 2007, but as the US imposed sanctions against Iran, the project was halted and payment was interrupted. As economic sanctions on Iran were lifted in

Aug. 19, 2016

Celltrion gears up for US debut

[THE INVESTOR] Celltrion has entered the final stage to introduce its biosimilar Remsima to the US following a favorable verdict from a US federal court in a patent infringement suit with Janssen Biotech, it announced Aug. 19.The South Korean biopharmaceutical company has commenced shipment for the replica of Janssen’s Remicade, a rheumatic arthritis and autoimmune disease treatment, to accelerate the release of the drug in the US, the largest biologics market in the world. Celltrion and its sal

Aug. 19, 2016

China to take over SK hynix’s key supplier

[THE INVESTOR] UP Chemical, a manufacturer of key components for SK Hynix, will be acquired by Chinese chemical company Jiangsu Yoke Technology. Woori Renaissance Consortium has selected a consortium of the tech company and Huatai United Securities as the preferred bidder for the sale of the South Korean semiconductor maker, according to investment bank sources. The Chinese consortium will acquire 65.12 percent stake owned by Woori as well as 31.16 percent stake from company founder Shin Hyeon-g

Aug. 19, 2016

China to take over SK hynix’s key supplier

Hana Asset Management acquires Danish pharma’s HQ in US

[THE INVESTOR] Hana Asset Management has taken over the North American headquarters building of Danish pharmaceuticals company Novo Nordisk for US$350 million, it announced Aug. 18. It has joined hands with three South Korean securities firms -- Hana Financial Investment, Mirae Asset Daewoo and HMC Investment Securities -- to form a private equity fund specializing in real estate, having made an investment of about half the purchase. The rest of the fund has been delivered through a loan with th

Aug. 19, 2016

Hana Asset Management acquires Danish pharma’s HQ in US

Samsung Life to increase Samsung Securities stake to 19.16%

[DISCLOSURE] Samsung Life Insurance (032830) announced on Aug. 18 that it will take over 6,132,246 shares of Samsung Securities (016360) from Samsung Fire & Marine Insurance (000810) at 234.25 billion won (US$211.24 million). It will own 19.16 percent stake of the securities firm. By Hwang You-mee (glamazon@heraldcorp.com)

Aug. 19, 2016

CNPlus sells W13b real estate to Osung Midicom

[DISCLOSURE] CNPlus (115530) announced on Aug. 18 that it will sell its building and site in Incheon worth 13 billion won (US$11.76 million) to Osung Midicom to improve financial structures. This amounts to 25.32 percent of its total assets.

Aug. 18, 2016

Arion to issue stocks for W1b capital raise

[DISCLOSURE] Arion (058220) announced on Aug. 18 that it will issue 165,000 new shares for a capital raise with third-party allotment to finance 1 billion won (US$904,404) operation funds. The issue price is 6,060 won and the stocks will be listed on Sept. 6.

Aug. 18, 2016

Adidas ODM Hwaseung to go public in October

[THE INVESTOR] Hwaseung Enterprise announced Aug. 18 that it turned in a registration statement to the Financial Services Commission on Aug. 17 and will start the subscription process to be listed on the stock market. Hwaseung Enterprise is a holding company established in November last year to list its Vietnamese subsidiary Hwaseung Vina on the South Korean stock market. Hwaseung Vina is an original development manufacturer for Adidas and Reebok and owns the largest production facility in Vietn

Aug. 18, 2016

Adidas ODM Hwaseung to go public in October

DSME eagerly awaits Angola to pay W1tr for ships

[THE INVESTOR] Daewoo Shipbuilding and Marine Engineering announced on Aug. 17 that it will deliver two drillships to the Angolan state-run oil firm Sonangol EP by Sept. 30. The ships were to be delivered in June and July, respectively, but the deliveries have been delayed as the state-owned company had problems paying for the ships. Sonangol paid 300 billion won (US$271 million) when it signed a contract for the two ships in 2013 and should pay the remaining 1 trillion won upon delivery of the

Aug. 18, 2016

DSME eagerly awaits Angola to pay W1tr for ships

Korean Botox-makers fly high in H1

[THE INVESTOR] South Korean biologics company Medytox recorded 50 billion won (US$45.1 million) turnover in the first half this year, its best so far, according to industry sources on Aug. 18.The company best known for Meditoxin, its own version of Botox, and Innotox, a liquid form of the botulinium toxin, sold the flagship products to the tune of 8.4 billion won in the second quarter alone, up 44 percent on-year. Another major product filler’s sales overseas hiked 132 percent to 11.2 billion wo

Aug. 18, 2016

AmorePacific partners with eBay to strengthen online biz

[THE INVESTOR] EBay Korea and AmorePacific signed an agreement on a joint business plan to strengthen ties, the online shopping giant announced Aug. 18. EBay Korea operates the country’s largest online distribution platform that consists of Gmarket, Auction and G9, through which the leading cosmetics company will offer beauty products from its major brands as well as living goods ranges. In addition to smart delivery service, an exclusive lineup for online sales and collaboration projects are al

Aug. 18, 2016

AmorePacific partners with eBay to strengthen online biz

Lotte, Shilla post record-high H1 DFS sales

[THE INVESTOR] Lotte and Shilla duty-free stores dominated the industry, showing the strongest-ever performance in the first half of this year. According to Financial Supervisory Service data on Aug. 18, Hotel Lotte’s revenue in the duty-free division came to 2.73 trillion won (US$2.47 billion), up 27.8 percent on-year in the first half, accounting for 47.3 percent share in the Korean duty-free sales market. Operating profit edged up 1.4 percent to 232.6 billion won. Shilla Duty-free Store at Ch

Aug. 18, 2016

Lotte, Shilla post record-high H1 DFS sales

Articles by 황유미