The Korea Herald

K-Town to be set up in Indonesia

[THE INVESTOR] A well-known street lined with cafés in Yongin, Gyeonggi Province, will be recreated in Jakarta, Indonesia. At a media conference on Aug. 3 in the neighborhood, the Small and Medium Business Administration announced that it will establish “K-Town for small businesses” in the Indonesian capital by the end of 2018.It aims to nurture K-Town into a local popular destination similar to that in Yongin where over 120 cafés and stores are attracting many visitors.As a global business mode

Aug. 3, 2016

LG Electronics digitally promotes Korean culture in NY

[THE INVESTOR] LG Electronics will feature videos introducing UNESCO World Heritage sites in South Korea on electronic billboards around Times Square in New York until the end of August, it announced on Aug. 3.This is in accordance with the firm’s agreement with Cultural Heritage Administration, the government agency charged with preserving and promoting Korean cultural heritage, signed in June to help promote the nation’s sites on UNESCO’s World Heritage list. The 60-second video will be projec

Aug. 3, 2016

LG Electronics digitally promotes Korean culture in NY

Korean securities firms join race for German trophy asset

[THE INVESTOR] Samsung Securities and Korea Investment Securities are in the race to acquire Commerzbank Tower, the tallest office building in Europe, according to local media reports Aug. 3. Estimated to be worth 900 billion won (US$809.35 million), the sale of Commerzbank’s headquarters is garnering international attention. Singapore’s sovereign wealth fund GIC is also eyeing the prime real estate.The lead financial manager for the deal Commerz Real came to Seoul last month and had talks with

Aug. 3, 2016

Korean securities firms join race for German trophy asset

Samsung sets up logistics center near Chicago

[THE INVESTOR] The US branch of Samsung Electronics has secured a large logistics center near Chicago, according to business webzine Chicago Business. Samsung leased space in this 36,000 square-meter building in the CenterPoint Intermodal Center in Joliet and Elwood, Illinois. The tech giant reportedly signed a 5-year lease for about 36,000 square meters of CenterPoint Intermodal Center in Joliet and Elwood, Illinois, about 65 kilometers southwest of downtown Chicago. Established in 2002, the M

Aug. 3, 2016

Samsung sets up logistics center near Chicago

Hyundai Merchant Marine to issue CB worth W200b

[DISCLOSURE] Hyundai Merchant Marine (011200) announced on Aug. 2 that it will issue convertible bonds worth 200 billion won (US$179.86 million) for private offering. The maturity date is June 30, 2019 and the conversion price is 9,530 won.

Aug. 3, 2016

Tesla's first Korea store to open in November

[THE INVESTOR] Shinsegae’s mega shopping complex slated to open in Hanam, Gyeonggi Province, will become the first place to showcase Tesla’s electric vehicles, industry sources said on Aug. 2.Although Starfield Hanam and the US electric car maker’s Korean branch are fine-tuning the details, the first store is set to open in November taking up 200 square meters on the second floor of the mall, which will unveil in September as the largest mall in the country. Tesla Model 3.The showroom will be di

Aug. 2, 2016

Tesla's first Korea store to open in November

eTEC E&C's Q2 operating profit down 25.8% to W22b

[DISCLOSURE] eTEC E&C (016250) announced on Aug. 2 that its second-quarter operating profit fell 25.8% to 21.94 billion won (US$21.94 million) from the same period last year. Its sales increased 3.97 percent to 325.88 billion won and net profit decreased 29.3 percent to 12.95 billion won.

Aug. 2, 2016

Deutsch Motors to increase short-term borrowing by W15b

[DISCLOSURE] Deutsch Motors (067990) announced on Aug. 2 that it will increase its short-term borrowings by 15 billion won (US$13.51 million) to secure short-term liquidity in accordance with the increase in new car sales. This amounts to 24.9 percent of its equity capital.

Aug. 2, 2016

Namkwang E&C's 3.2m shares to be released from safe deposit

[DISCLOSURE] Namkwang E&C (001260) announced on Aug. 2 that the safe deposit period of its 3.2 million shares will end on Aug. 4. The securities certificates have been deposited for capital increase with third party allotment.

Aug. 2, 2016

Woongjin Thinkbig's Q2 operating profit up 348.6% to W9b

[DISCLOSURE] Woongjin Thinkbig (095720) announced on Aug. 2 that its second-quarter operating profit rose 348.6% to 9.3 billion won (US$8.37 million) from the same period last year. Its sales slipped 1.3 percent down to 155.2 billion won on-year.

Aug. 2, 2016

Kaon Media to issue CB worth W15b

[DISCLOSURE] Kaon Media (078890) announced on Aug. 2 that it has decided to issue convertible bonds for private offering to finance 15 billion won (US$13.51 million) operation funds. The maturity date is Aug. 10, 2021.

Aug. 2, 2016

STX Engine signs US$30m contract with Asian shipbuilder

[DISCLOSURE] STX Engine (077970) announced on Aug. 2 that it has signed a US$29.68 million contract with an Asian shipbuilder to supply vessel engines. This amounts to 5.26 percent of its 2015 revenue.

Aug. 2, 2016

Samsung BioLogics resumes stalled biosimilar project

[THE INVESTOR] Archigen Biotech, a 50:50 joint venture between Samsung BioLogics and Astrazeneca UK established in 2014, has recently resumed its stalled biosimilar development project. According to industry sources on Aug. 2, the company has applied for US Food and Drug Administration’s approval to initiate phase 1 of clinical trials for SAIT101 in June. A Samsung BioLogics plant in Songdo, IncheonSAIT101 is a biosimilar version of rituximab, more commonly known as Roche’s Rituxan, used to trea

Aug. 2, 2016

Samsung BioLogics resumes stalled biosimilar project

MS Autotech obtains patent related to laser welding

[DISCLOSURE] MS Autotech (123040) announced on Aug. 2 that it has obtained a patent related to a laser welding technique.

Aug. 2, 2016

Shinsegae siblings, close but different

[THE INVESTOR] Lee Myung-hee still reigns supreme as the chairwoman of South Korean retail giant Shinsegae Group. But it is her children now who lead the group’s two pillars: Chung Yong-jin of big-box retailer chain E-mart and Chung Yoo-kyung of Shinsegae Department Stores. Chung Yoo-kyung (left) and Chung Yong-jinIn April, they made news when the conglomerate announced that the brother-sister duo have decided to swap the shares they own in each other’s units. Shinsegae Vice Chairman Yong-jin ru

Aug. 2, 2016

Articles by 황유미