The Korea Herald

Hyundai Corp. to pay W38m to HHI

[DISCLOSURE] Hyundai Corp. (011760) announced on Aug. 4 that Korean Commercial Arbitration Board has determined it should pay US$38.03 million with 6 percent annual interest rate to its affiliate Hyundai Heavy Industries (009540) that filed to claim for goods. It will reclaim the money from its Russian distributor and pay the compensation. The arbitration cost will be paid 50:50.

Aug. 4, 2016

Hyundai Corp. to pay W38m to HHI

[DISCLOSURE] Hyundai Corp. (011760) announced on Aug. 4 that Korean Commercial Arbitration Board has determined it should pay US$38.03 million with 6 percent annual interest rate to its affiliate Hyundai Heavy Industries (009540) that filed to claim for goods. 　It will reclaim the money from its Russian distributor and pay the compensation. The arbitration cost will be paid 50:50.

Aug. 4, 2016

Hyungji’s Castelbajac attracts W45b investment

[THE INVESTOR] Golfwear brand Castelbajac has succeeded in attracting 45 billion won (US$40.27 million) investment via convertible preferred stocks from JKL Partners and Shinhan BNP Paribas Asset Management, it announced Aug. 4.The company was spun off from apparel group Hyungji that acquired domestic licensing from the French designer Jean Castelbajac in 2014 and pan-Asian licensing in 2015. Hyungji launched the brand known for vivid colors and bold designs as a golfwear line last year and open

Aug. 4, 2016

Melfas to invest US$10m in Chinese semiconductor developer

[DISCLOSURE] Melfas (096640) announced on Aug. 4 that it will invest US$10 million in an analog semiconductor developer in Jiangxi, China to enhance competitiveness in Chinese market and to profit from commercializing new IoT products. This amounts to 11.76 percent of its equity capital.

Aug. 4, 2016

CJ O'Shopping's Q2 operating profit up 19.1% to W54b

[DISCLOSURE] CJ O’Shopping (035760) announced on Aug. 4 that its operating profit in the second quarter increased 19.1 percent to 54.36 billion won (US$48.64 million) from the same period last year. Sales decreased 5.8 percent to 554.87 billion won and net profit slipped 0.2 percent to 31.09 billion won.

Aug. 4, 2016

Green Cross’ arthritis treatment safe for long-term use

[THE INVESTOR] Green Cross announced on Aug. 4 that the efficacy and safety of its osteoarthritis treatment Shinbaro Capsules have been confirmed in phase 4 of clinical trials.The anti-arthritis agent is manufactured from natural herbal extracts and was approved by the Korean Ministry of Food and Drug Safety in 2011. Phase 4 trials are conducted for additional data after receiving approval. The pharmaceutical company reported in a thesis published in the latest issue of Journal of Ethnopharmacol

Aug. 4, 2016

Green Cross’ arthritis treatment safe for long-term use

BGF Retail's Q2 operating profit increases 22.1% to W63b

[DISCLOSURE] BGF Retail (027410) announced on Aug. 4 that its operating profit in the second quarter increased 22.1 percent to 62.7 billion won (US$56.11 million) from the same period last year. Sales increased 14.6 percent to 1.27 trillion won and net profit rose 23.9 percent to 52.4 billion won on-year.

Aug. 4, 2016

Retail giants seek to cash in on hallyu

[THE INVESTOR] The leading retailers in Korea are seeking to cash in on the global popularity of hallyu by sealing strategic tie-ups with entertainment companies to sell exclusive merchandise. Products bearing the images of popular K-pop artists and actors have largely been available only online. However, the success of a small store at Lotte Department Store’s Young Plaza in Myeong-dong, Seoul, appears to have caught the fancy of the retailer. The store dedicated to K-pop stars saw sales grow f

Aug. 4, 2016

Hanwha Techwin posts W44b Q2 operating profit

[DISCLOSURE] Hanwha Techwin (012450) announced on Aug. 4 that its operating profit in the second quarter turned to black at 44.49 billion won (US$40.26 million) from the same period last year. Sales increased 35.14 percent to 820.66 billion won and net profit also turned to black at 31.35 billion won.

Aug. 4, 2016

POSCO Daewoo signs MOU with Indonesia’s largest shipyard

[THE INVESTOR] POSCO Daewoo announced on Aug. 4 that it has signed a memorandum of agreement with Indonesia’s largest shipyard PT PAL to supply materials for shipbuilding worth US$150 million.The Korean trading company will provide materials, including vessel engines, to the state-owned shipyard which will build 10 patrol ships and one combat support ship for delivery to the Indonesian Navy and ministries. POSCO Daewoo“We have been recognized for our capabilities demonstrated by previous projec

Aug. 4, 2016

POSCO Daewoo signs MOU with Indonesia’s largest shipyard

Hanjin’s 3rd generation gears up to take control

[THE INVESTOR] Hanjin Group Chairman Cho Yang-ho’s only son and youngest daughter have taken over key posts in the transportation conglomerate, accelerating the succession of ownership to the next generation.The group announced Aug. 3 that his son Cho Won-tae, who is vice chairman of Korean Air, has been named as a director of Jungseok -- a private real estate management firm that is a core company in the group’s corporate governance structure -- “to strengthen responsible management for the sub

Aug. 4, 2016

Hanjin’s 3rd generation gears up to take control

Samsung Engineering signs W814b contract with Samsung Display

[DISCLOSURE] Samsung Engineering (028050) announced on Aug. 4 that it has signed a 814 billion won (US$728.42 million) contract with its affiliate Samsung Display to provide infrastructure for display panel manufacturing. This amounts to 12.64 percent of its 2015 revenue.

Aug. 4, 2016

Hengsheng Group to be listed on KOSDAQ

[THE INVESTOR] Chinese toy and game maker Hengsheng Group is to be listed on South Korea’s secondary bourse KOSDAQ on Aug. 18. Established in 1992, it is the largest toy manufacturer in Fujian province, supplying toys to international enterprises such as Disney, Mattel and Fisher-Price. It also has been making mascots for three consecutive Olympics from 2004 to 2012. “We will bridge the cultural industry between Korea and China, and grow into an international family entertainment company,” said

Aug. 3, 2016

E-mart revamps fashion biz, challenges Uniqlo

[THE INVESTOR] Retail giant E-mart announced on Aug. 3 that its own apparel label DAIZ will be reborn as a fashion-oriented brand. Although it has steadily grown to record the second-largest sales volume among SPA brands in the country next only to Uniqlo, it failed to outgrow the image of a private label offered by a big box retailer. As the discount chain and its social media-savvy owner Chung Yong-jin posted online, DAIZ will further communicate with its clientele through social media and fas

Aug. 3, 2016

Korean gov’t to nurture new logistics businesses

[THE INVESTOR] The South Korean government will put emphasis on new areas of logistics sector and let civilians take the initiative, according to a 10-year plan released Aug. 3.The Ministry of Land, Infrastructure and Transport and Ministry of Oceans and Fisheries announced a mid- to long-term basic scheme for national logistics policies that included plans to establish infrastructure at major airports and seaports aiming to nurture new high added value businesses such as cold chains and O2O. Re

Aug. 3, 2016

Korean gov’t to nurture new logistics businesses

Articles by 황유미