The Korea Herald

China Ocean Resources signs W20b supply contracts

Sept 7, 2016

[DISCLOSURE] China Ocean Resources (900050) announced on Sept. 7 that its subsidiary Fújiàn Province Lianjian Far-sea Fishery has signed a 10.36 billion won (US$9.46 million) contract with Fújiàn f...
Renault Samsung strikes wage hike deal with workers

Sept 7, 2016

[THE INVESTOR] Company officials and union leaders at Renault Samsung Motors have reached a tentative agreement on the wage hike for workers, the company said on Sept. 6. The agreement came after f...
Ilshin Biobase receives patent for new lyophilizer

Sept 6, 2016

[DISCLOSURE] Ilshin Biobase (068330) announced on Sept. 6 that it has obtained a patent for lyophilizer that can be completely sealed without any locking device. By Yun Jeong-hyeon (clareyun@heral...
Ugint to split stocks, down to W100 per share

Sept 6, 2016

[DISCLOSURE] Ugint (195990) announced its stock spilt on Sept. 6, lowering the face value of its stock from 500 won (US$0.45) to 100 won. The company seeks to revitalize trading after the spilt wit...
FSC expands communication with foreign investors

Sept 6, 2016

[ THE INVESTOR ] The Financial Services Commission said on Sept.6 it has decided to hold a regular meeting with “all foreign financial companies” in a bid to help resolve their troubles in doing bu...
APSI gains patent for satellite communications system

Sept 6, 2016

[DISCLOSURE] Asia Pacific Satellite Communications (211270), a producer of communications equipment, reported on Sept. 6 that it has obtained a patent for satellite communications system and techno...
Interbulls to convert shares worth W2b

Sept 6, 2016

[DISCLOSURE] Interbulls (158310) announced on Sept. 6 that it will exercise conversion rights for 8.36 percent of its convertible bonds. About 5.5 million shares worth 2.4 billion won (US$2.17 mil...
E I&D to acquire New Pride's shares worth W5m

Sept 5, 2016

[DISCLOSURE] E Investment & Development (093230), a producer of electronics components, announced on Sept. 5 that it has acquired 766,283 shares of New Pride Corporation worth 5.76 billion won (US$...
S. Korean gov’t to expand support for welfare in 2017

Sept 5, 2016

[ THE INVESTOR ] The government announced a set of measures on Sept.5 to tackle the nation’s chronic low birthrate and to identify the “blind spots” in the state welfare system next year. The Mini...
Kaesong complex firms get 74% earmarked support

Sept 5, 2016

[THE INVESTOR] South Korea said on Sept.5 that it has provided 74 percent of earmarked support funds to local firms that operated factories at the now-shuttered joint industrial park in North Korea....
KAIST, Shinhan Bank to jointly develop big data

Sept 5, 2016

[DISCLOSURE] The Korea Advanced Institute of Science & Technology and Shinhan Bank (055550) have signed an agreement for industry-university cooperative research to develop the financial industry’s...
AmorePacific to establish corporation in Malaysia

Sept 5, 2016

[DISCLOSURE] AmorePacific (090430) announced on Sept. 5 that it has invested 110 billion won (US$99.14 million) to set up AmorePacific Malaysia Manufacturing (tentative name) and acquire all of its...
Vessel to issue 6m bonus shares

Sept 5, 2016

[DISCLOSURE] Vessel (177350), a producer of semiconductor devices, stated on Sept. 5 that it has decided to issue 5.59 million bonus shares, entitling every shareholder one common share for each sh...
Korea’s health budget to rise 3% in 2017

Sept 2, 2016

[ THE INVESTOR ] The budget allocated to the health and welfare sectors in 2017 is set to increase 3.3 percent on-year, the Health Ministry said on Sept. 2. The ministry said its budget for next ...
Hanbit Soft renews contract for online game Audition in China

Sept 2, 2016

[DISCLOSURE] Hanbit Soft (047080) reported on Sept. 2 that it has agreed to a 3.12 billion won (US$ 2.79 million) contract extension with a Chinese firm for its online game “Audition”. This amount...

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