[DISCLOSURE] Korea Investment Value Asset Management sold its 409.541 shares (2.02 percent) of PSK (031980), decreasing its stake to 9.75 percent from 11.77 percent, it said in a statement on June 17.

June 17, 2016

[DISCLOSURE] Wooridul Pharmaceutical (004720) is considering spending 5 billion won ($4.2 million) to acquire shares of other firms but cannot provide any specifics, it said on June 17 in response to an inquiry regarding the drastic changes in its stock conditions. The fund is from the 10 billion won worth convertible bonds the company issued in March. 

June 17, 2016

[DISCLOSURE] Mirae Asset Life Insurance (085620) will redeem and retire its redeemable convertible preference shares (unlisted), it announced on June 17. It will redeem a total of 7,042,253 RCPS for 153 billion won (US$130 million) on June 30 and retire them on the same day.

June 17, 2016

[DISCLOSURE] Jang Deok-in, chairman of Enertork (019990), acquired 243,142 shares (3.12 percent) of his company, raising his stake to 10.70 percent from 7.58 percent, the company announced on June 17.

June 17, 2016

[DISCLOSURE] Yong Pyong Resort (070960) will invest 35 billion won (US$29.7 million) in building a youth hostel and reconstructing a parking lot, it announced on June 17. This amounts to 11.19 percent of its equity capital.

June 17, 2016

[DISCLOSURE] Cheryong Industrial (147830) will increase capital without consideration, rewarding its shareholders with a total of 2,067,680 bond issues, it announced on June 17. They will be distributed at 1:0.2606831 and will be listed on July 22.

June 17, 2016

[DISCLOSURE] TES (095610) signed a 17 billion won (US$14.4 million) contract with Samsung Electronics (005930) to supply semiconductor manufacturing equipment, the company announced on June 17. This amounts to 16.9 percent of its recent revenue.

June 17, 2016

[DISCLOSURE] GS Retail (007070) will hold an IR for institutional investors on June 21 at Conrad Hotel in Seoul, it said on June 17.

June 17, 2016

[DISCLOSURE] Standard Chartered Bank Korea has sold all its shares of Innocean Worldwide (214320) on June 9 through an after-hours block deal, it announced on June 17. Its stake in the advertising arm of Hyundai was 6.75 percent, amounting to 10.9 billion won (US$ 92.5 million).

June 17, 2016

[DISCLOSURE] Green Cross Corp (006280) has won a contract worth US$2.57 million to supply immunoglobulin to the Brazilian government, it said on June 17. This is the largest single order for blood derivatives, the biopharmaceutical company added.

June 17, 2016

[DISCLOSURE] The stake of Transdermal Asia Co. and an individual with a special relationship in Hot Tech (015540) has dropped to 1.15 percent from 6.61 percent, the firm said in a statement on June 17. 　

June 17, 2016

[DISCLOSURE] Devsisters Corporation (194480) will acquire 33.33 percent of a private partnership for 5 billion won (US$4.3 million), it said on June 17. This amounts to 3.31 percent of the mobile game developer’s equity capital and will focus on investment in venture companies. 

June 17, 2016

[DISCLOSURE] CJ E&M Corporation (130960) will hold an IR for institutional investors at 2016 Korea Inc. Discovery Day from June 23-24 at MiraeassetDaewoo Securities headquarters in Seoul, it said on June 16.

June 17, 2016

[DISCLOSURE] Shinhan Financial Group (055550) will issue corporate bonds worth 200 billion won (US$169.8 million), it announced on June 17. Half of the bond will mature in five years and the rest in seven years, and will finance operations and refunding, it added.

June 17, 2016

[DISCLOSURE] Dongbu Insurance Co (005830) will hold an IR for institutional investors at UBS Korea Conference 2016 on June 20 at Conrad Hotel in Seoul, it said on June 17.

June 17, 2016