The Korea Herald

KAI's Q2 operating profit increases 23.1% to W95b

[DISCLOSURE] Korea Aerospace Industries (047810) reported on July 26 that its second-quarter operating profit increased 23.1 percent to 95 billion won (US$83.65 million) from the same period last year. Its sales rose 18 percent to 801.35 billion won and net profit 20.1 percent to 68.42 billion won.

July 26, 2016

Ilyang Pharma's Q2 operating profit rises 66.8%

[DISCLOSURE] Ilyang Pharmaceutical (007570) reported on July 26 that its second-quarter operating profit rose 66.8 percent to 4.21 billion won (US$3.71 million) from the same period last year. Its sales dropped 9.6 percent to 61.6 billion won while net profit turned to black with 2.7 billion won.

July 26, 2016

Vessel signs W27.24b contract with China's BOE

[DISCLOSURE] Vessel (177350) has signed a 27.24 billion won (US$23.95 million) contract with China’s Fuzhou BOE Optoelectronics Technology to provide display manufacturing equipment, it announced on July 26. This amounts to 51.6 percent of sales last year.

July 26, 2016

Seoul Pharma signs US$5.48m contract with Thitiratsanon

[DISCLOSURE] Seoul Pharma (018680) has signed a US$5.48 million sales contract with Thailand’s Thitiratsanon to supply three finished products, the company announced on July 25.

July 26, 2016

Hyundai Merchant Marine's largest shareholder changes to KDB

[DISCLOSURE] Hyundai Merchant Marine (011200) announced on July 25 that its largest shareholder has changed to Korea Development Bank from Hyundai Elevator and 24 others. The state-run bank owns a 13.68 percent stake in Hyundai Merchant Marine.

July 26, 2016

S-Oil's Q2 operating profit rises 6.1% to W643b

[DISCLOSURE] S-Oil (010950) reported on July 25 that its operating profit in the second quarter increased 6.1 percent to 642.89 billion won (US$565.28 million) from the same period last year. Its sales fell 18.4 percent to 4.2 trillion won while the net profit inched up 3.8 percent to 445.2 billion won.

July 25, 2016

Kyoungnam Bank to issue CoCo bonds worth W100b

[DISCLOSURE] BNK Financial Group (138930) announced on July 25 that its subsidiary Kyoungnam Bank will issue contingent convertible bonds worth 100 billion won (US$87.93 million) to secure funds.

July 25, 2016

BC F&B USA, new Binggrae affiliate

[DISCLOSURE] Binggrae (005180) announced on July 25 that it will add BC F&B USA as an affiliate. The overseas branch’s main business areas are import, export and distribution of foodstuff, and its equity capital amounts to 2.27 billion won (US$2 million).

July 25, 2016

Kia Motors acquires W500b MMT from HMC Investment Securities

[DISCLOSURE] Kia Motors (000270) has acquired money market trust worth 50 billion won (US$43.96 million) from its affiliate HMC Investment Securities, the company announced on July 25. The maturity date is June 12, 2017 and the interest rate will be set equal to the market interest rate.

July 25, 2016

Hy Vision System signs W10.66b contract with LG Innotek

[DISCLOSURE] Hy Vision System (126700) has signed a 10.66 billion won (US$9.37 million) contract with LG Innotek (011070) to supply camera module tester, the company announced on July 25. This amounts to 12.16 percent of its recent revenue.

July 25, 2016

CJ E&M’s DIA TV to draw western viewers

[THE INVESTOR] CJ E&M’s multi-channel network DIA TV has set its sight on European and North American video websites, the firm announced July 25. Its 100 “partner creators” have opened channels on Dailymotion, a leading European online video site that attracts 300 million users a month. Owned by French media and content group Vivendi, it offers a variety of videos from sports, music, comedy and fashion shows to live-streaming gaming. Specializing in personal media and individual contents develop

July 25, 2016

Chinese firms in fray to acquire ING Life

[THE INVESTOR] The binding bid for ING Life Insurance, launched by the nation’s largest private equity fund MBK Partners, will start early next month, industry sources said July 25. Morgan Stanley, the lead manager for the sale, has closed the preliminary bidding for the fifth largest life insurance firm in Korea, and will carry out the bidding for what is said to be the largest M&A deal in the first half of this year. One of the three Chinese companies, Hong Kong-based investment manager JD Cap

July 25, 2016

Chinese firms in fray to acquire ING Life

Eugene Technology signs W6.94b contract with SK Hynix

[DISCLOSURE] Eugene Technology (084370) has signed a 6.94 billion won (US$6.1 million) contract with SK Hynix (000660) to supply semiconductor manufacturing equipment, the company announced on July 25. This amounts to 7.3 percent of its recent revenue.

July 25, 2016

Doosan E&C receives W50.54b order for multi-unit housings

[DISCLOSURE] Doosan Engineering & Construction (011160) has received a 50.54 billion won (US$44.44 million) order from Cheongang Development to build multi-unit housings in Songpa-gu, Seoul, it announced on July 25. This amounts to 2.8 percent of its recent revenue.

July 25, 2016

Dongkuk Steel Mill's Q2 operating profit leaps 127% to W122.46b

[DISCLOSURE] Dongkuk Steel Mill (001230) reported on July 25 that its operating profit in the second quarter rose to 122.46 billion won (US$107.69 million), a 127 percent leap from the same period last year.The revenue decreased by 4.7 percent to 1.42 trillion won and net profit fell 17.2 percent to 129.76 billion won.

July 25, 2016

Articles by 황유미