The Korea Herald

Fidelity M&R acquires 4.5% stake in BGF Retail

Sept 22, 2016

[DISCLOSURE] Fidelity Management & Research Company announced on Sept. 21 that it has bought a total of 11.12 billion shares (4.55 percent) of BGF Retail (027410), which operates CU, a convenience ...
Finance Minister calls for self-help efforts by businesses

Sept 21, 2016

[ THE INVESTOR ] Finance Minister Yoo Il-ho said on Sept. 21 that the government will push forward with reforming the corporate sector under the principles of self-help efforts by businesses and do...
Macrogen obtains patent for diagnostic marker of cancer

Sept 21, 2016

[DISCLOSURE] Macrogen (038290), a genome sequencing firm, announced on Sept. 21 that it has gained a patent for extracting fusion protein that encodes RET fusion protein which can be used as a diag...
Woongjin to sell shares worth W18b

Sept 21, 2016

[DISCLOSURE] Woongjin (016880) announced on Sept. 21 that it will sell its entire 1.01 million shares of Ocean Suites for 18 billion won (US$16.05 million) to secure investment for future growth. ...
Korea to host fisheries trade fair in China

Sept 21, 2016

[ THE INVESTOR ] South Korea said on Sept. 21 that it plans to host a trade fair for fisheries in China this week. A total of 12 South Korean seafood makers are set to meet with about 70 Chinese b...
Korea’s exports down 17 % in first 20 days of Sept.

Sept 21, 2016

[ THE INVESTOR ] South Korea’s exports plunged 17 percent in the first 20 days of September from a year earlier, the latest customs data showed on Sept. 21. Outbound shipments totaled US$22.9 bill...
Gaeasoft to issue CB worth W2b

Sept 21, 2016

[DISCLOSURE] Gaeasoft (051160), which provides wireless internet solutions, has decided to issue convertible bonds worth 2 billion won (US$1.79 million) with no warranty and offer them to Jang Chul...
KD E&C’s stock subscription reaches 55%

Sept 21, 2016

[DISCLOSURE] KD E&C (044180), a producer of mold bases and building construction, reported on Sept. 21 that its 1 billion newly issued stocks offered to existing shareholders have reached 55.44 per...
Barunson E&A cancels W7b publishing contract with Chinese firm

Sept 21, 2016

[DISCLOSURE] Barunson E&A (035620) has decided to cancel a US$7.5 million publishing contract with a Chinese firm to provide online games, it announced on Sept. 21. The company has already receive...
Korea, Vietnam to hold economic cooperation meeting

Sept 20, 2016

[ THE INVESTOR ] South Korea and Vietnam will hold a joint committee meeting this week to discuss economic cooperation, the Foreign Ministry said on Sept.20. The 15th Joint Economic Committee will...
Korean smartphone users spend 43 minutes daily on games

Sept 20, 2016

[ THE INVESTOR ] South Korean smartphone users spend an average 43 minutes per day playing mobile games, a survey showed on Sept. 20. According to the survey of 23,626 smartphone users, conducted ...
Samyoung M Tek to retire 544,827 shares

Sept 20, 2016

[DISCLOSURE] Samyoung M Tek (054540) announced on Sept. 20 that it has decided to retire its 544,827 common shares on Sept. 21. “The equity capital will not be reduced as the shares are acquired w...
Cowell Fashion inks trust contract for W3b repurchase

Sept 19, 2016

[DISCLOSURE] Cowell Fashion (033290) announced on Sept. 19 that it has signed a trust contract with Meritz Securities (008560) to repurchase stocks worth 2.98 billion won (US$2.66 million). The re...
Ediya Coffee top franchise operator in Korea

Sept 19, 2016

[THE INVESTOR] Ediya Coffee has the most shops in South Korea amid rising demand for cheap take-out coffee, government data showed on Sept. 19. There were 1,577 Ediya Coffee franchise outlets acros...
Rising wine imports deal bow to local vineries

Sept 19, 2016

[THE INVESTOR] Rising wine imports have led to a sharp decline in size of grape fields in the country’s central region, a county official here said on Sept. 19. A total of 725 farm houses submitted...

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