[DISCLOSURE] Korea Investment Holdings (071050) will lend US$20 million to its affiliate KIS Vietnam Securities Corporation, it announced on June 22. The lending is to fund the subsidiary’s operations and the interest rate is 2.15 percent.

June 22, 2016

[DISCLOSURE] SsangYong Motor (003620) will hold an IR for overseas institutional investors on June 23 in Yeouido, Seoul, it said on June 22.

June 22, 2016

[DISCLOSURE] LG (003550) N-Sys has dismissed its CEO Kim Do-hyun on June 15, it announced on June 22. The leading IT solution provider replaced him with LG CNS CEO Kim Young-shub as of June 20, it added.

June 22, 2016

[DISCLOSURE] Samho International (001880) will assume 13.9 billion won (US$12.1 million) debt of Hangil IND, it announced on June 22. The construction company is taking over the remaining senior debt from its apartment buildings in Daegu.

June 22, 2016

[DISCLOSURE] Invenia (079950) has obtained a patent on encapsulating apparatus and method for OLED, it announced on June 22.

June 22, 2016

[DISCLOSURE] Elentec (054210) announced on June 22 that its existing shareholders have oversubscribed its offering that closed on June 21. The mobile phone parts company will issue 4 million stocks at 5,100 won (US$4.42) per share for capital increase and recorded 107.14 percent of subscription. The due date for subscription payment is June 28.

June 22, 2016

[DISCLOSURE] Kia Motors (000270) will hold an IR for institutional investors on June 24 in Yeouido, Seoul, it said on June 22.

June 22, 2016

[DISCLOSURE] Celltrion (068270) has signed a 145.6 billion won (US$126.2 million) contract with its affiliate Celltrion Healthcare to supply antibody biosimilar, it announced on June 22.

June 22, 2016

[DISCLOSURE] Hyundai Paint (011720) reported on June 22 that its 4.4 billion won (US$3.8 million) loan from NH Bank is overdue with an interest of 21.8 million won, due to its failure to extend the repayment date. This amounts to 28.5 percent of its equity capital. The company is negotiating repayment and extension of due date, it added.

June 22, 2016

[DISCLOSURE] MGame (058630) will sell its entire stake of N Media Platform (6,407 shares) to Nexon Korea for 3.1 billion won (US$2.6 million), it announced on June 22. This acquisition is part of the online gaming giant’s effort to secure a footing in advertising platform and management solutions for Internet cafes.

June 22, 2016

[DISCLOSURE] Coson (069110) has signed an agreement with apM Group of Dongdaemun Fashion Town on June 21, the cosmetics company announced on June 22. In addition to supplying its existing products to the group that has a major presence in the shopping district with an estimated sales of 30 billion won, Coson will produce collaboration projects and PB products as well.

June 22, 2016

[DISCLOSURE] Pixelplus (087600) has signed a trust contract with Korea Investment & Securities to repurchase its own stocks worth 7 billion won (US$6.1 million), the company announced on June 22.

June 22, 2016

[DISCLOSURE] Pobis TNC (016670) has named Kim Hak-su as its new CEO replacing Huh Han-beom, it announced on June 22. The software distributor now is cochaired by Kim and Lee Hyuk-su.

June 22, 2016

[DISCLOSURE] ELK (094190) announced on June 22 that its 12,419,111 stocks offered to existing shareholders recorded 97.02 percent subscription. The rest of the stocks, issued to finance financial structure improvement, will be offered to the public from June 23.

June 22, 2016

[DISCLOSURE] Megastudy (072870) chairman Son Ju-eun sold 170,000 shares (7.31 percent) to his brother Son Seong-eun, CEO of MegastudyEdu (215200), in an outside dealing, the company announced on June 22. The total amount of the transaction was 10.1 billion won (US$8.7 million) and the chairman’s stake decreased to 12.51 percent from 19.82 percent, while his brother’s increased to 9.12 percent from 1.81 percent.

June 22, 2016