[DISCLOSURE] NHN Entertainment (181710) announced on July 1 that its transfer date for Webzen (069080) stake has changed to July 15 from July 7 upon the request of Fungame, the other party of the contract. NHN will sell its entire stake (6,795,143 shares) to the affiliate of the Chinese company for 203.8 billion won (US$177.1 million).

July 1, 2016

[DISCLOSURE] Interflex (051370) announced on June 30 that it has signed a trust contract for monetary claim with NH Investment & Securities entrusting them with confirmed receivables worth 56.4 billion won (US$48 million), to repay debt and improve financial structure.

July 1, 2016

[DISCLOSURE] Gemini Investment (019570) announced on July 1 that it has taken over 204,711 shares of Sungjee Construction (005980) for 1.5 billion won (US$1.3 million) from the construction company’s affiliate Ivy Club. This amounts to 9.28 percent of its equity capital. The investment company’s stake increased to 2.5 percent (243,704 shares).

July 1, 2016

[DISCLOSURE] Sun Technologies (122800) announced on June 30 that KBW Investments, headed by Prince Khaled bin Alwaleed of Saudi Arabia, will participate in its US$10 million capital increase.

July 1, 2016

[DISCLOSURE] Naturecell (007390) will issue convertible bonds worth 5 billion won (US$4.3 million) to finance operations, the company announced on June 30. The maturity date is July 19, 2019 and the conversion price is 6,214 won.

July 1, 2016

[THE INVESTOR] Korea’s current account surplus in May surged to the highest figure since September 2015, the central bank said on July 1. The current account surplus at US$10.36 billion last month was a large increase from a $3.37 billion surplus in April, and marks a $2.04 billion increase from the same period last year, according to the Bank of Korea’s preliminary data. Asia’s fourth-largest economy has posted a current account surplus for 51 consecutive months.(theinvestor@heraldcorp.com)

July 1, 2016

 [DISCLOSURE] KEC Holdings (006200) will guarantee a 10.8 billion won (US$9.4 million) debt of its subsidiary KEEC, it announced on June 30.

July 1, 2016

[DISCLOSURE] Dongbu Hitek (000990) is seeking for a preferred bidder to sell off Dongbu Steel Structure and wants to pull out from the business, the company announced on June 30 but did not provide any specifics, in response to Korea Exchange’s inquiry regarding media reports saying Hitek will sell its stake in its steel affiliate. 

July 1, 2016

[THE INVESTOR] South Korea’s current account surplus in May surged to the highest figure since September 2015, the central bank said on July 1. The current account surplus at US$10.36 billion last month was a large increase from a $3.37 billion surplus in April, and marks a $2.04 billion increase from the same period last year, according to the Bank of Korea’s preliminary data. Asia’s fourth-largest economy has posted a current account surplus for 51 consecutive months.(theinvestor@heraldcorp.co

July 1, 2016

[DISCLOSURE] Dongbang Ship Machinery (099410) will increase its short-term borrowings by 17 billion won (US$14.7 million) to improve financial structure and to repay its loan, it announced on June 30. This amounts to 49.2 percent of its equity capital and the total amount of its short-term borrowings is 24.7 billion won.

June 30, 2016

[DISCLOSURE] GS Engineering & Construction (006360) will guarantee a 251 billion won (US$216.8 million) loan for those who purchased units of its apartment building in Yongin, Gyeonggi Province, the company announced on June 30. This amounts to 7.5 percent of its equity capital.

June 30, 2016

[DISCLOSURE] Hyundai Motor (005380) announced on June 30 that it has taken out insurance policies worth 50 billion won (US$43.2 million) from its affiliate Hyundai Life Insurance to manage severance payment for its employees and improve profitability.

June 30, 2016

[DISCLOSURE] Hulims (051980) will change its name to Nextbio Holdings to diversify its businesses, the transport network developer announced on June 30.　In a separate statement, the firm said it has named Jo Seung-yeon as its new CEO due to the resignation of former CEO Im Ho. 　

June 30, 2016

[DISCLOSURE] Samsung Electronics (005930) denied media reports saying its chairman Lee Kun-hee has passed away, in a statement on June 30, in response to Korea Exchange's inquiry.

June 30, 2016

[DISCLOSURE] Samsung C&T (028260) has signed a 929.4 billion won (US$802.6 million) contract from Samsung Display Vietnam to build factories in its Vietnamese industrial site, the company announced on June 30. This amounts to 3.09 percent of its recent revenue.

June 30, 2016