[DISCLOSURE] Top Engineering (065130) has signed a 12.6 billion won (US$10.9 million) contract with China’s Wuhan China Star Optoelectronics Technology to supply display panel manufacturing equipment, it announced on June 30. This amounts to 9.15 percent of its recent revenue.

June 30, 2016

[DISCLOSURE] SK Networks (001740) announced on June 30 that Representative Director Choi Shin-Won has acquired 30,000 shares (0.02 percent), increasing his stake to 0.53 percent.

June 30, 2016

[DISCLOSURE] Vitzrosys (054220) announced on June 30 that CEO and vice chairman Jang Woo-suok has completed his term and executives Lee Sang-ho and Kim Hyeong-jin will step in as its new CEOs.

June 30, 2016

[DISCLOSURE] Dongbu Insurance (005830) reported on June 30 that in May it posted sales of 977.9 billion won, with 59.7 billion (US$51.6 million) in operating profit and 42.9 billion won net profit. The monthly sales was a 7.2 percent increase from the same period last year but the profits decreased by 27.5 percent and 28.8 percent, respectively.

June 30, 2016

[DISCLOSURE] Haengnam China (008800) will sell 39.6 million shares of its subsidiary The Kwangju Ilbo for 3.98 billion won (US$3.4 million) to improve financial structure, it announced on June 30. Its stake in the newspaper company will drop to 1.5 percent (1.2 million shares).

June 30, 2016

[DISCLOSURE] Dongil Steel (023790) has signed a 1.8 billion won (US$1.6 million) contract with Hyosung (004800) to supply steel bars, it announced on June 30. This amounts to 3.41 percent of its recent revenue.

June 30, 2016

[THE INVESTOR] Daewoong Pharmaceutical has signed a 29 billion won (US$25 million) contract with Ibn Cina Drug Stores to supply six products including Ursa for sales in Jordan and Iraq, it announced on June 30. 　The local partner will distribute Ursa, for liver function improvement; Orlostar, for high blood pressure and hyperlipidemia; Easyef for diabetic foot ulcer; Daewoong pitavastatin calcium tab, for hyperlipidemia; antibiotics Gomcephin; and vitamin supplement Roman C powder. 　The pharmace

June 30, 2016

[DISCLOSURE] Korean Air Lines (003490) announced on June 30 that it will guarantee a 159.3 billion won (US$137.6 million) loan of PK Air France, a creditor of its SPC, for advance payment for a B777-200F. 　The air carrier will also extend its investment period for purchasing new aircrafts by two years, it said in a separate statement. KAL had announced in 2011 that it will invest 708.9 billion won for 10 CS300 passenger aircrafts by June 30, 2016. 　

June 30, 2016

[DISCLOSURE] Korea Computer Terminal (089150) has signed a 4.7 billion won (US$4.1 million) contract with Ktoto to develop and supply new machines to issue sports betting tickets, it announced on June 30. This amounts to 12.57 percent of its recent revenue. 　

June 30, 2016

[DISCLOSURE] Kumho Industrial (002990) has signed a 79.6 billion won (US$68.7 million) contract to build apartment buildings in Yangju, Gyeonggi Province, with a real estate investment company for public rental housing funded by Korea Land & Housing and National Housing and Urban Fund, it announced on June 30. This amounts to 5.2 percent of its recent revenue.

June 30, 2016

[DISCLOSURE] Korea Exchange has requested a disclosure from Daewoo Shipbuilding & Marine Engineering (042660) regarding media reports saying DSME is seeking to sell its well-performing business to Samsung Heavy Industries (010140), it announced on June 30.

June 30, 2016

[DISCLOSURE] Hanp (066110) announced on June 30 that its largest shareholder has changed to SL Innovations as it purchased 1,956,040 shares for 14 billion won (US$12.1 million) from previous largest shareholder Hanjung Energy Networks.

June 30, 2016

[DISCLOSURE] Woory Industrial (215360) will issue convertible bonds worth 3 billion won (US$2.6 million) to fund operations, it announced on June 30. The maturity date is June 30, 2019 and the conversion price is 32,963 won.

June 30, 2016

[DISCLOSURE] Hulims (051980) announced on June 30 that its largest shareholder has changed from Interlims Korea to JNK Investment, which will own 8.67 percent stake (1.6 million shares).

June 30, 2016