[DISCLOSURE] Daewoong (003090) announced on July 8 that its subsidiary Daewoong Bio has been fined 16.4 billion won (US$14.2 million) by the National Tax Service Jungbu Regional Office. This amounts to 12.63 percent of its equity capital.

July 8, 2016

[DISCLOSURE] Woongjin Energy (103130) has decided on an 87.3 billion won (US$75.6 million) capital increase to finance equipment and operations, it announced on July 8. It will issue 11.8 million stocks and offer first to existing shareholders. The listing date is Oct. 20.

July 8, 2016

[DISCLOSURE] Korea Flange (010100) will guarantee a US$20 million debt of its affiliate Seouhan Auto USA, it announced on July 8. This amounts to 8.4 percent of its equity capital.

July 8, 2016

[DISCLOSURE] Win Hitech (192390) has terminated its 2 billion won (US$1.7 million) trust contract with Miraeasset Daewoo Securities for repurchase due to expiration, it announced on July 8.

July 8, 2016

[DISCLOSURE] Diotek (108860) announced on July 8 that its largest shareholder will change from its subsidiary Infraware (041020) to Gwak Min-cheol and an individual, as they signed a stock transfer agreement for 23.04 percent stake. Gwak is CEO of Infraware.

July 8, 2016

[DISCLOSURE] Softmax (052190) has decided on a 1 billion won (US$865,426) capital increase with third party allotment, it announced on July 8. It will issue 141,442 shares and offer to W Holding Company’s investment association No.8. The listing date is July 29. 　

July 8, 2016

[DISCLOSURE] Fortis (141020) will issue convertible bonds worth 2 billion won (US$1.7 million) for private offering to finance operations, it announced on July 8. The maturity date is July 13, 2019.

July 8, 2016

[DISCLOSURE] E-mart (139480) posted monthly sales of 1.3 trillion won (US$1.1 billion) in June, a 7 percent increase from the same period last year, it announced on July 8. This is a 7.1 percent decrease from the previous month.

July 8, 2016

[DISCLOSURE] Daewon Pharmaceutical (003220) will repurchase 136,000 of its own stocks at 3 billion won (US$2.6 million) to stabilize the stock price and promote values, the company announced on July 8.

July 8, 2016

[DISCLOSURE] LG Electronics (066570) reported on July 8 that its operating profit in the second quarter rose to 584.6 billion won (US$503.9 million), a 139.5 percent leap from the same period last year. The revenue stood at 14 trillion won, a 0.5 percent increase on-quarter.

July 8, 2016

[DISCLOSURE] PNC Tech (237750) announced on July 8 that its largest shareholder Kwangmyung Electric (017040) and president & CEO Cho Kwang-sik, an individual with a special relationship with the largest shareholder and de facto controlling shareholder, own 29.62 percent stake (1,924,000 shares) and 7.99 percent stake (519,300 shares) of the company, respectively. Kwangmyung has nine individuals with special relationship including Cho and they own a combined 52.37 percent stake of the newly liste

July 8, 2016

[DISCLOSURE] U&I (056090) announced on July 8 that it has signed a US$3.8 million contract with its subsidiary U&I Medical Technologies USA to supply spine fixation devices. This amounts to 30.41 percent of its recent revenue.

July 8, 2016

[DISCLOSURE] KEPCO KPS (051600) has received a 68.2 billion won (US$59 million) order from Korea Midland Power for generation plant maintenance, the KEPCO affiliate announced on July 8. This amounts to 5.8 percent of its recent revenue.

July 8, 2016

[DISCLOSURE] Unison (018000) announced on July 8 that it has acquired 50 percent stake (470,000 shares) of Jeongam Wind Power from Samsung Heavy Industries (010140) for 2.4 billion won (US$2 million). This amounts to 5.1 percent of its equity capital.

July 8, 2016

[DISCLOSURE] LIG Nex1 (079550) said on July 8 that the plan to build a second factory in Gimcheon, South Gyeongsang Province, was reported to the board of directors in September 2015 before the company went public, in response to Korea Exchange’s inquiry regarding media reports on a new arms factory. 　The mentioned signing of an MOU with Gimcheon City was mainly for administrative support for building the factory, the defense company added.

July 8, 2016