The Korea Herald

Foreign currency deposits up in July

Aug 17, 2016

[ THE INVESTOR ] A sharp rise in US dollar deposits by exporters saw foreign currency deposits at banks in Korea up from a month prior, central bank data showed Wednesday. Outstanding foreign curr...
Boryung Pharmaceutical to release high blood pressure drug in Dominican Republic

Aug 17, 2016

[DISCLOSURE] Boryung Pharmaceutical (003850) has obtained permission from the Dominican Republic’s Food and Drug Administration to introduce high blood pressure drug Kanarb (in 60-milligram and 120...
Leechem to issue new stocks and CB worth total of W20b

Aug 17, 2016

[DISCLOSURE] Leechem (131100) announced on Aug. 17 that 1,838,235 shares have been issued to YH 2nd Association for capital increase, which amounts to 50 billion won (US$45.6 million). The price pe...
Ilshin Bio Base signs W310m supply contract

Aug 16, 2016

[DISCLOSURE] Ilshin Bio Base (068330) announced on Aug. 16 that it signed a 310 million won (US$284,000) contract with its investing corporation ISC to provide freeze dryers for the production of l...
Recalls on defects fall, voluntary recalls rise in S. Korea

Aug 16, 2016

[ THE INVESTOR ] Products recalled for defects dropped last year while companies voluntarily recalling products rose, government data showed on Aug.16. A total of 1,586 recall cases were reported ...
Over 3m people to be paid under minimum wage: BOK

Aug 16, 2016

[ THE INVESTOR ] In excess of 3 million people are likely to be paid less than minimum wage next year, Korea’s central bank said Aug. 16. The Bank of Korea said in a report that the number of wor...
Airline fuel surcharges absent for record streak

Aug 16, 2016

[ THE INVESTOR ] Major South Korean airlines announced they would not impose fuel surcharges on international passengers in the upcoming month on Aug. 16. Local industry leader Korean Air and it...
Daechang extends repayment period for W19b debt

Aug 16, 2016

[DISCLOSURE] Daechang (012800) announced on Aug.16 that it has paid off 1 billion won (US$915,000) of the total debt amount of 20 billion won it owed to a financial institution. It has extended th...
IMF director calls for deregulation of services sector

Aug 12, 2016

[ THE INVESTOR ] A top International Monetary Fund on Aug. 12 called on South Korea to carry out sweeping reforms of the services sector. “The South Korean economy has been steered by the manufact...
Kumho Tire to guarantee W48b debt of subsidiary

Aug 12, 2016

[DISCLOSURE] Kumho Tire (073240) announced on Aug. 11 that it will guarantee 47.79 billion (US$43.39 million) loan of its subsidiary Nanjing Kumho Tire from SPD Bank in China. This amounts to 3.8 ...
GE seeks US$20m compensation from S&TC

Aug 11, 2016

[DISCLOSURE] GE filed a compensation claim worth US$20 million against S&TC (100840) regarding Ichthys liquefied natural gas project, the company announced on Aug. 11. S&TC explained that it signe...
Haesung D&S adds new affiliate

Aug 11, 2016

[DISCLOSURE] Haesung D&S (195870) announced on Aug. 11 that Haesung Technology, its joint venture with Japan’s Panasonic, has been added as an affiliate. Haesung now has a total of 12 affiliates.
Korea’s ODI jumps 22% in H1

Aug 11, 2016

[ THE INVESTOR ] South Korea’s overseas direct investment expanded 21.6 percent in the first six months of the year from a year earlier, government data showed on Aug.11. The country’s ODI came to...
South Korea's finance minister meets with GCF head

Aug 11, 2016

[ THE INVESTOR ] South Korea's finance minister Yoo Il-ho held a meeting with the head of the Green Climate Fund, the Finance Ministry here said on Aug.11. “The South Korean government is concerne...
South Korea's PM vows to get labor reform bills passed

Aug 11, 2016

[ THE INVESTOR] South Korea’s prime minister on Aug. 11 vowed to make “all-out” efforts to secure parliamentary approval for a set of pending labor reform bills. Presiding over a national policy c...

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