The Korea Herald

TonyMoly to build W23b manufacturing facility in China

Oct 17, 2016

[ THE INVESTOR ] Korean cosmetics firm TonyMoly announced on Oct. 17 that it will build a new manufacturing facility worth 23 billion won (US$20.16 million) in Zhèjiāng Shěng, China, through its ...
S-Energy terminates trust contract for W2b repurchase

Oct 17, 2016

[DISCLOSURE] Photovoltaic power business operator S-Energy (095910) announced on Oct. 17 that it has decided to terminate a trust contract with Mirae Asset Daewoo (006800) to acquire treasury stock...
AP Systems to spin-off and relist divisions

Oct 14, 2016

[DISCLOSURE] A semiconductor equipment manufacturer AP Systems (054620) announced on Oct. 14 that it will spin off its departments into equipment and investment divisions. It added that the equipm...
Selvas AI earns patent for digital AI written data technology

Oct 14, 2016

[DISCLOSURE] Selvas AI (108860) announced on Oct. 14 that it has obtained a patent for digital artificial intelligence written data recognition technology and computer programs, which will contribu...
Korea, Singapore to distribute financial info on local residents

Oct 14, 2016

[ THE INVESTOR ] South Korea said on Oct. 14 that it has inked an agreement with Singapore to share some financial information on their citizens residing in each other’s territory. It’s meant to h...
KRX to encourage ETFs, ETNs for pension funds

Oct 13, 2016

[ THE INVESTOR ] South Korea’s stock market operator reported on Oct. 13 that it will attempt to draw more institutional traders, especially pension funds, to invest in exchange-traded funds and eq...
FSS calls for strict monitoring of banks’ financial health

Oct 13, 2016

[ THE INVESTOR ] South Korea’s financial watchdog reported on Oct. 13 that it will exert more efforts to detect possible risks in the local banking sector. Speaking to lawmakers, Zhin Woong-seob, ...
Gong Cha Korea to increase RTT stake to 70%

Oct 13, 2016

[ THE INVESTOR ] Gong Cha Korea, a milk tea-specialized franchise, announced on Oct. 12 that it will increase its stake in parent company Royal Tea Taiwan to 70 percent. Gong Cha Korea signed memo...
Alpha Holdings to acquire 3m shares of US firm

Oct 12, 2016

[DISCLOSURE] Alpha Holdings (117670) said on Oct. 12 that it will acquire a total of 3.35 million shares of US-based Viral Gene for 4.8 billion won (US$4.28 million) to expand overseas and particip...
Komipharm to issue shares worth W18b

Oct 12, 2016

[DISCLOSURE] Komipharm International (041960) announced on Oct. 12 that its subsidiary in Australia has decided on a capital increase worth 18.9 billion won (US$16.82 million) through third-party a...
Samsung Heavy receives W240b order for 4 oil tankers

Oct 12, 2016

[ THE INVESTOR ] Samsung Heavy Industries won a deal to build four oil tankers worth 240 billion won ($220 million), the company said Wednesday. The shipbuilder said it won a contract to build t...
Daewha Pharma receives US$20m order from NovoSci in UAE

Oct 12, 2016

[DISCLOSURE] Daewha Pharmaceutical (067080) reported on Oct. 12 that it has inked a US$20.12 million five-year contract with NovoSci in United Arab Emirates to supply pharmaceutical products under ...
7 more firms seek fast track corporate restructuring

Oct 11, 2016

[ THE INVESTOR ] The Trade Ministry reported on Oct. 11 that seven more South Korean companies are submitting their applications for voluntary corporate restructuring. A government panel is set to...
DSME receives W340b frigate order

Oct 11, 2016

[ THE INVESTOR ] Daewoo Shipbuilding & Marine Engineering has sealed a 340 billion-won (US$304 million) deal to build a frigate for the South Korean Navy, the company reported on Oct. 11. Under ...
Cigarette sales edge up in Q3 despite higher prices

Oct 10, 2016

[ THE INVESTOR ] Cigarette sales in South Korea edged up from a year earlier in the third quarter of this year despite the government-led anti-smoking campaign, government data showed on Oct. 10. ...