[DISCLOSURE] FNC Ad Culture (063440) announced on July 20 that it will invest 6.2 billion won (US$5.42 million) to enter the television drama production business. The investment amounts to 46.56 percent of its equity capital.

July 20, 2016

[DISCLOSURE] SK Materials (036490) said in a regulatory filing on July 20 that its operating profit in the second quarter rose 73 percent to 38.83 billion won (US$33.95 million) from the same period last year. Revenue reached 116.58 billion won and its net profit was 26.74 billion won, rising 54.7 and 58.8 percent, respectively.

July 20, 2016

[DISCLOSURE] Korea Asset In Trust (123890) announced after the markets closed on July 20 that it has invested 20 billion won (US$17.49 million) in its subsidiary KAIC Capital.

July 20, 2016

[DISCLOSURE] FNC Add Culture (063440) announced on July 20 that it will invest 6.2 billion won (US$5.42 million) to enter the television drama production business. The investment accounts for 46.56 percent of its equity capital.

July 20, 2016

[DISCLOSURE] The largest shareholder of IE (023430) has changed to New Concept Capital from Maple Season Investments and two others, as they sold off their entire stake, it announced on July 19. New Concept owns 0.67 percent stake (926,240 shares) and is an individual having special relationship with the former largest shareholder.

July 20, 2016

[DISCLOSURE] Doosan Engineering & Construction (011160) has received a 60.59 billion won (US$52.99 million) order from Shinhwa Construction Developer to build apartment buildings in Busan, it announced on July 20. This amounts to 3.36 percent of its recent revenue. 

July 20, 2016

[DISCLOSURE] Core Logic (048870) will issue convertible bonds worth 35 billion won (US$30.61 million) and offer to Synergy Partners and two others, to finance acquisition of other corporation’s stocks, it announced on July 19. The maturity date is Aug. 12, 2021. The conversion price is 9,377 won and the conversion period is between Aug. 12, 2017 and July 12, 2021.

July 20, 2016

[DISCLOSURE] EQUISnZAROO (058530) will take over 51 percent stake (61,200 shares) of JK International at 6.7 billion won (US$5.86 million), it announced on July 19. This amounts to 23.18 percent of its equity capital.

July 20, 2016

[DISCLOSURE] Fine DNC (049120) announced on July 19 that it will issue convertible bonds worth 10 billion won (US$8.8 million) to finance equipment and operations. The bonds will be offered to four asset management companies. The maturity date is July 21, 2021. The bonds can be converted between July 21, 2017 and June 21, 2021 at a conversion price of 1,881 won.

July 19, 2016

[DISCLOSURE] TS Corporation (001790) will sell 200,000 shares of its affiliate TS Bank at 88.5 billion won (US$77.9 million) to improve financial structure and revamp business structure, it announced on July 19. This amounts to 20.83 percent of its equity capital.

July 19, 2016

[DISCLOSURE] Charm Engineering (009310) announced on July 19 that it will sell its own shares worth 3 billion won (US$2.64 million) to secure liquidity and improve financial structure.

July 19, 2016

[DISCLOSURE] Soulbrain ENG (039230) said on July 19 that it had no important information to share in response to Korea Exchange’s inquiry regarding the recent surge in its stock price.

July 19, 2016

[DISCLOSURE] NK (085310) announced on July 19 that its subsidiary MLC has sold off the entire 0.06 percent stake (27,062 shares) of the company.

July 19, 2016

[DISCLOSURE] Feelux (033180) announced on July 19 that it will lend 5.9 billion won (US$5.19 million) to its subsidiary Byfeelux, so that it can purchase other company’s stocks. This amounts to 8.77 percent of its equity capital.

July 19, 2016