[DISCLOSURE] LG Innotek (011070) announced on July 27 that it has decided to invest US$20 million in its wholly-owned subsidiary LG Innotek Vietnam Hai Phong to establish a new camera module manufacturing venture. This amounts to 1.3 percent of its equity capital.

July 27, 2016

 [DISCLOSURE] Hansol Paper (213500) reported on July 27 that its second-quarter operating profit surged 124 percent to 42.2 billion won (US$37.21 million) from the same period last year. Sales came in at 384.2 billion won, up 3 percent on-year and net profit spiked 140 percent to 16 billion won.

July 27, 2016

[DISCLOSURE] LG International (001120) reported on July 27 that its second-quarter operating profit came in at 56.3 billion won (US$49.64 million), jumping 86 percent from the same period last year. Sales fell 11.2 percent to 2.85 trillion won while net profit surged 380.1 percent to 30.6 billion won.

July 27, 2016

[THE INVESTOR] Naver's messaging subsidiary LINE Corp. reported on July 27 that its operating profit in the first half of this year came in at 13.37 billion yen (US$126.77 million).

July 27, 2016

[DISCLOSURE] Hyundai Engineering & Construction (000720) announced on July 27 that its operating profit in the second quarter rose 5.5 percent to 268.4 billion won (US$236.66 million) from the same period last year. Its sales slipped 2.7 percent down to 4.69 trillion won while its net profit increased 16.4 percent to 167.7 billion won.

July 27, 2016

[THE INVESTOR] LG Display (034220) announced on July 27 that its second-quarter operating profit plunged 90.9 percent to 44.4 billion won (US$39.08 million) from the same period last year. Its sales fell 12.7 percent to 5.86 trillion won on-year. By Hwang You-mee (glamazon@heraldcorp.com)

July 27, 2016

[DISCLOSURE] Cymechs (160980) announced on July 26 that it has signed a 10.22 billion won (US$9 million) contract with Samsung SDS (018260) to supply EFEM for facility automation. This amounts to 18.44 percent of the tool automation specialist's revenue last year. 

July 27, 2016

[DISCLOSURE] Hyundai Motor (005380) will invest 1.41 trillion won (US$1.25 billion) to build a new Global Business Center building in Samseong-dong, Seoul, it announced on July 26. This amounts to 2.1 percent of its equity capital.

July 26, 2016

[DISCLOSURE] ST Pharm (237690) reported on July 26 that its second-quarter operating profit soared 548.2 percent to 31.21 billion won (US$27.48 million) from the same period last year. Its sales leaped 129.8 percent to 69.77 billion won and net profit surged 621.5 percent to 23.72 billion won.

July 26, 2016

[DISCLOSURE] Daehwa Pharmaceutical (067080) announced on July 26 that it will acquire 866,537 shares of its affiliate Redox Bio at 4.33 billion won (US$3.81 million). This amounts to 7.02 percent of its equity capital and will be done by participating in a capital increase allocated to a shareholder. It will wholly own the bio medical equipment manufacturing affiliate.

July 26, 2016

[DISCLOSURE] Hansae (105630) announced on July 26 that it has acquired 5,059,806 shares of MK Trend (069640) at 119 billion won (US$145.7 million), and it now owns 40 percent stake of the apparel maker. This amounts to 27.96 percent of its equity capital.

July 26, 2016

[DISCLOSURE] Singapore’s sovereign wealth fund GIC Private Limited announced on July 26 that it owns 1,120,471 shares (5.093 percent stake) of defense company LIG Nex 1 (079550) as of July 20.

July 26, 2016

[DISCLOSURE] CJ Seafood (011150) reported on July 26 that its second-quarter operating profit dropped 47.9 percent to 641 million won (US$564,410) from the same period last year. Its sales inched up 8.9 percent to 40.5 billion won while net profit jumped 98.1 percent to 1.27 billion won.

July 26, 2016

[DISCLOSURE] Daelim C&S (004440) reported on July 26 that its second-quarter operating profit slipped 1.3 percent down to 15.86 billion won (US$13.97 million) from the same period last year. Its sales dropped 8.6 percent to 72.88 billion won while net profit increased 23 percent to 10.24 billion won. 

July 26, 2016