The Korea Herald

Mirae Asset Life jumps into bid for PCA Life

Sept 9, 2016

[THE INVESTOR] Mirae Asset Life has formally jumped into the race to acquire UK-based PCA Life. Mirae Asset Life submitted a bid on Sept. 8, according to the life insurer the following day. PCA L...
Japanese battery material makers step up capacity at Korean plants

Sept 8, 2016

[ THE INVESTOR ] TOKYO -- Japanese battery makers are rushing to ramp up investment in Korean plants to increase production as more carmakers are pledging to go electric, according to Japan’s Niho...
Samsung’s Note 7 recall to cost up to W1tr: Daishin Securities

Sept 8, 2016

[ THE INVESTOR ] Daishin Securities said on Sept. 8 it expects Samsung Electronics ’ recent decision to recall its Galaxy Note 7 to cost between 700 billion won (US$639.97 million) to 1.2 trillio...
[EQUITIES] NH Investment & Securities forecasts record Q3 profit for domestic carriers

Sept 8, 2016

[ THE INVESTOR ] NH Investment & Securities on Sept. 8 forecast that domestic carriers will post record operating profit in the third quarter. Rising passenger traffic and frequency of flights wil...
[EQUITIES] Heungkuk Securities predicts rise in Hyundai Motor’s Q3 net profit

Sept 7, 2016

[ THE INVESTOR ] Heungkuk Securities forecast Hyundai Motor ’s third quarter net profit will rise 24.9 percent to 1.5 trillion won (US$1.34 billion) based on solid sales in China. Operating prof...
Hermes Investment increases stake in Lotte Fine Chemical

Sept 7, 2016

[THE INVESTOR] UK-based Hermes Investment disclosed on Sept .6 that it has purchased 275,830 shares of Lotte Fine Chemical along with five other persons with special interest. Consequently, its s...
Netmarble, Neptune, Me2On lead IPO rush in 2016

Sept 7, 2016

[THE INVESTOR] This year will see several well-known gaming companies -- such as Netmarble, Neptune and Me2On -- floating their shares. But whether the IPO trend can continue remains to be seen, ind...
[EQUITIES] NH Securities forecasts increased Q3 profit for CJ CheilJedang

Sept 7, 2016

[THE INVESTOR] NH Investment & Securities said on Sept. 7 that CJ CheilJedang ’s third-quarter operating profit would rise significantly on improved performance in food-related businesses and stab...
Shinhan Card begins operations in Myanmar

Sept 6, 2016

[ THE INVESTOR ] Shinhan Card, the nation’s largest credit card issuer, on Sept.6 held the opening ceremony for its subsidiary in Myanmar, Shinhan MicroFinance. The ceremony marked the beginning o...
[ANTI-GRAFT LAW] Blank golf memberships to lose attraction on anti-graft law

Sept 6, 2016

[THE INVESTOR] Blank golf memberships are losing their attraction as companies get ready for the Improper Solicitation and Graft Act that goes into effect on Sept. 28. Blank memberships are just as...
[WOORI PRIVATIZATION] Blue chip investors including NPS, Kyobo, Mirae show interest in Woori Bank stake

Sept 6, 2016

[THE INVESTOR] Local blue chip investors including the National Pension Service, Kyobo Life and Mirae Asset Group are considering buying minority stake in Woori Bank as the government is once ag...
[EQUITIES] Daishin Securities forecasts 101% rise in Hanwha Techwin’s Q3 profit

Sept 6, 2016

[THE INVESTOR] Daishin Securities forecast Hanwha Techwin ’s operating profit in the third quarter will jump 101 percent on-year to 48 billion won (US$42.93 million). “Hanwha Techwin is likely to...
Hanwha Life mulling stake acquisition in Woori Bank: sources

Sept 2, 2016

[ THE INVESTOR ] Hanwha Life Insurance is considering acquiring a stake in Woori Bank , according to the life insurer on Sept. 2. “We are considering submitting a bid,” the firm said through i...
Angelo, Gordon & Co. puts Metro Tower up for sale

Sept 2, 2016

[ THE INVESTOR ] Metro Tower, the former headquarters of GS Engineering & Construction , has been put on the selling block. Metro Tower -- wholly owned by US-based investment advisory firm Angel...
Maeil Dairies may bid for McDonald’s Korea

Sept 1, 2016

[ THE INVESTOR ] Korea’s leading dairy maker Maeil Dairies Industry is mulling a bid for acquiring McDonald’s Korea, according to industry sources on Sept. 1. Maeil would be up against Korean fo...