The Korea Herald

Halla acquires land from affiliate for W65b

[DISCLOSURE] Halla (014790) announced on Aug. 12 that it has acquired land in Ulsan from its affiliate Vivaldi Town for 65.8 billion won (US$59.72 million).

Aug. 12, 2016

GS E&C to guarantee W114b debt of SC

[DISCLOSURE] GS Engineering & Construction (006360) announced on Aug. 12 that it will guarantee a 114 billion won (US$103.48 million) debt of SC. This amounts to 3.41 percent of its equity capital.

Aug. 12, 2016

LG Display sells off Avaco stake worth W17b

[DISCLOSURE] LG Display (034220) announced on Aug. 12 that it has sold 2,558,007 shares of Avaco (083930) in an after-hours block deal. The total amount reaches 16.9 billion won (US$15.34 million).

Aug. 12, 2016

Handsome's Q2 operating profit rises 102.5% to W9b

[DISCLOSURE] Handsome (020000) announced on Aug. 12 that its operating profit in the second quarter rose 102.5 percent to 8.08 billion won (US$7.33 million) from the same period last year. Its sales increased 20.4 percent to 145.23 billion won while net profit fell 63.6 percent to 8.82 billion won on-year.

Aug. 12, 2016

Daewoong Pharm to sue Korea United for patent infringement

[THE INVESTOR] Daewoong Pharmaceutical plans to file a lawsuit against Korea United Pharmaceutical for patent infringement, according to industry sources on Aug. 12.Daewoong claims that Korea United stole its patented sustained release technology that lets the drug maintain the efficacy for a longer time, in developing Gastiin CR tab, a new drug to improve indigestion.Gasmotin, the original medicine containing Mosapride Citrate made by Japan’s Dainippon Sumitomo and imported by Daewoong, and its

Aug. 12, 2016

Samsung cousins neck and neck in luxury duty-free biz

[THE INVESTOR] Shinsegae Duty Free store has succeeded in bringing in Louis Vuitton, one of the most coveted luxury brands, according to industry sources on Aug. 12.“Louis Vuitton will open a boutique in Shinseage Duty Free’s fashion luxury zone in April 2017,” said a company official following negotiations with the Louis Vuitton Moet Hennesy Group. This is the second Louis Vuitton store slated to open at a downtown duty-free store recently granted license. Along with Chanel and Hermes, the Fren

Aug. 12, 2016

Samsung cousins neck and neck in luxury duty-free biz

Hanjin considering taking over Hanjin Shipping's Long Beach terminal stake

[DISCLOSURE] Hanjin (002320) acknowledged that it is considering taking over its affiliate Hanjin Shipping (117930)’s stake in a container terminal in Long Beach in California, US, but did not provide specifics in a statement released on Aug. 12 in response to Korea Exchange’s inquiry regarding the matter.

Aug. 12, 2016

Hanwha's Q2 operating profit increases 32.46% to W548b

[DISCLOSURE] Hanwha (000880) announced on Aug. 12 that its operating profit in the second quarter rose 32.46 percent to 548.7 billion won (US$498.05 million) from the same period last year. Its sales increased 12.12 percent to 10.86 trillion won and net profit hiked 121.17 percent to 428.1 billion won on-year.

Aug. 12, 2016

Lotte DFS back in business at Gimpo airport

[THE INVESTOR] The new Lotte duty-free store at Gimpo International Airport is ready for operation starting Aug. 13, the company said on Aug. 12. The duty-free store chain which has been operating in the DF2 section at the airport will move its operations to the DF1 section as it won a bid for the next five years in May. The new section, formerly run by Shilla DFS, takes up about 400 square meters and will be fully operational in November. Lotte has completed partial renovation for about two-thi

Aug. 12, 2016

Lotte DFS back in business at Gimpo airport

Samsung consortium buys Commerzbank Tower

[THE INVESTOR] Samsung SRA Asset Management, a consortium of financial divisions of Samsung Group, has been named as the preferred bidder to take over Germany's Commerzbank's headquarters in Frankfurt, the tallest office building in Europe, according to industry sources on Aug. 12. Commerzbank’s headquarters building in Frankfurt.The second largest German bank has chosen Samsung SRA, which offered 900 billion won (US$817.34 million), over Korea Investment Securities and Singapore’s sovereign wea

Aug. 12, 2016

Samsung consortium buys Commerzbank Tower

GS E&C to guarantee W140b loan for apartment owners

[DISCLOSURE] GS Engineering & Construction (006360) will guarantee a 140 billion won (US$127.62 million) loan for those who purchased units of its apartments in Busan, the company announced on Aug. 11. This amounts to 4.18 percent of its equity capital.

Aug. 11, 2016

Hyundai Green Food's Q2 operating profit down 7% to W23b

[DISCLOSURE] Hyundai Green Food (005440) reported on Aug. 11 that its operating profit in the second quarter decreased 7.0 percent to 23.17 billion won (US$21.12 million) from the same period last year. Its sales increased 6.3 percent to 529.15 billion won while net profit slipped 1.6 percent to 26 billion won on-year.

Aug. 11, 2016

NHNKCP's H1 operating profit increases 42.2% to W5b

[DISCLOSURE] NHNKCP (060250) reported on Aug. 11 that its operating profit in the first half increased 42.2 percent to 5.3 billion won (US$4.83 million) from the same period last year. Its sales rose 47.5 percent to 124.3 billion won while net profit slipped 0.1 percent to 4.7 billion won on-year.

Aug. 11, 2016

GS' Q2 operating profit down 28.3% to W504b

[DISCLOSURE] GS (078930) reported on Aug. 11 that its operating profit in the second quarter decreased 28.3 percent to 503.8 billion won (US$459.25 million) from the same period last year. Its sales slipped 1.7 percent to 3.35 trillion won while net profit rose 10.5 percent to 286.5 billion won on-year.

Aug. 11, 2016

SK Networks talks trading, car parts in Brazil

[THE INVESTOR] SK Networks Representative Director Choi Shin-won met with Brazil’s interim President Michel Temer on Aug. 10 and said he is considering trading and car parts business, the firm announced. SK Networks Representative Director Choi Shin-won (right) and Brazil's interim President Michel Temer “SK Networks will continue its efforts to enter Brazil that is a hub in South American market and is rich in resources,” he said.This is in line with the SK affiliate’s global expansion plans.

Aug. 11, 2016

SK Networks talks trading, car parts in Brazil

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