Articles by 박윤아
박윤아
-
Tax revisions to generate W5tr additional corporate tax: report
[THE INVESTOR] Local businesses are expected to pay an additional 4.7 trillion won (US$4.20 billion) per year in corporate tax due to tax revisions over the past four years, a study showed on Sept. 20.Since the incumbent administration came into office in early 2012, the government has enacted 14 separate revisions to various tax-related laws that have resulted in a significant increase in the amount paid by local firms, according to the Federation of Korean Industries.For instance, a 2 percenta
Sept. 20, 2016
-
Nexturn shares to go ex-rights on Sept. 20
[DISCLOSURE] Nexturn (089140) announced on Sept. 19 that ex-rights will take effect after its capital increase on Sept. 20. The ex-rights price is 30,200 won (US$26.87). By Park Yuna (yunapark@heraldcorp.com)
Sept. 19, 2016
-
Lunch box sales at convenience stores surge
[THE INVESTOR] Sales of lunch boxes at convenience stores are increasing at a record pace, industry data showed Sept. 19.CU said its sales of lunch boxes increased 2.98 times as of the end of August compared with the same period last year. The jump follows a 65.8 percent increase in 2015 for the year. Helping the sales is the retail chain’s collaboration with popular chef Baek Jong-won, who selects the dishes that go into the boxes. One of the lunch products replaced soju, a rice liquor, and ban
Sept. 19, 2016
-
Korea to give incentives for ESS
[THE INVESTOR] The South Korean government will provide incentives to encourage solar power plant operators to set up bulk energy storage facilities, the Trade Ministry here said on Sept 19.Those who install the energy storage system at their solar power plants will be given additional points on assessment of their renewable energy certificates starting next year, according to the ministry.The REC-tagged electricity is officially regarded as energy that is generated from a renewable energy resou
Sept. 19, 2016
-
Tap water price to rise 5% this week
[THE INVESTOR] The price of water supplied by public utility companies will be hiked by an average 4.8 percent later this week, the government said on Sept. 19.The price of tap water used by households will be increased to 323.6 won (US$0.29) per ton, up 14.8 won from the current 308.8 won, according to the Ministry of Land, Infrastructure and Transport.The increase will mark the first of its kind since January 2013 but only the second in 10 years.“Over the past 10 years, consumer prices have sp
Sept. 19, 2016
-
Dexter Studios signs W8b movie contract for VFX
[DISCLOSURE] Dexter studios (206560) announced on Sept. 19 that it has signed a contract with Chinese firm Active Felcon Films Production to provide visual effects for the movie “The Monkey King 3”. The contract is worth 7.6 billion won (US$6.76 million) and lasts from Sept. 14 to Dec. 31, 2017. The cost is equivalent to 29 percent of the company’s consolidated sales last year. By Park Yuna (yunapark@heraldcorp.com)
Sept. 19, 2016
-
One-third of Hanjin ships unload cargo
[THE INVESTOR] About one-third of the container ships operated by ailing Hanjin Shipping have completed their cargo unloading at ports around the globe as of Sept 28, the troubled shipper said on Sept 19, with 34 container ships still stranded at sea.Of the 97 container ships operated by the financially shaky shipper, 28 have unloaded goods. Hanjin Shipping said it is also in negotiations to begin unloading in New York, Singapore and Mexico next week.Hanjin Shipping is also set to return a tota
Sept. 19, 2016
-
KDB ex-chief summoned over corruption allegations
[THE INVESTOR] A former head of the Korea Development Bank was summoned on Sept. 19 as state prosecutors accelerated their investigation into a high-profile corruption case involving a local shipbuilder.Kang Man-soo, 71, appeared before the Seoul High Prosecutors‘ Office as a suspect on charges of illegally exerting influence on Daewoo Shipbuilding & Marine Engineering to invest in a local biotech firm run by his acquaintance. Daewoo Shipbuilding provided some 4.4 billion won (US$3.9 million) f
Sept. 19, 2016
-
Foreign investors bought W2tr Korean stocks in Aug.: FSS
[THE INVESTOR] Foreign investors’ net buying of South Korean stocks hit 1.85 trillion won (US$1.64 billion) in August, continuing their buying spree for the third consecutive month, data showed on Sept. 19.Thus, the value of foreigners’ holdings of listed shares here came to 467.6 trillion won as of the end of the month, accounting for 30.5 percent of the total market capitalization, according to the Financial Supervisory Service.The amount is 3.2 trillion won short of the all-time high foreign
Sept. 19, 2016
-
Dio to establish JV in Japan
[DISCLOSURE] Dio (039840), an implant manufacturer, announced on Sept. 13 that it has decided to establish a joint venture with Japanese dental manufacturer Feed Corporation. Out of 1.07 billion won (US$969,377) investment, Dio will inject 547 million won and own 51 percent stake in the JV, Dio Digital, which will sell medical implants and digital solutions in Japan.By Park Yuna (yunapark@heraldcorp.com)
Sept. 13, 2016
-
Rice prices slump on bumper harvest
[THE INVESTOR] Rice prices in South Korea dropped this year as local farmers had a bumper harvest for the second consecutive year, industry and government officials said on Sept. 13. A record amount of 4.32 million tons of rice was cropped across the nation last year, and it is expected to be robust this year as well because the extended summer heat and absence of typhoon and flood helped increase rice production, the Ministry of Agriculture, Food and Rural Affairs said. The bumper harvest is s
Sept. 13, 2016
-
FSS warns against loan sharks making illegal threats
[THE INVESTOR] The financial regulator on Sept. 13 alerted consumers against loan sharks who threaten family members of borrowers, telling them such acts are illegal.The Financial Supervisory Service said it has received 483 complaints this year as of July about abuse and threats from unregistered lenders over returning money borrowed by a family member. The annual interest rate on loans from such lenders is 3,476 percent. Reported cases include a father who was threatened to pay back his son’s
Sept. 13, 2016
-
Korea more vulnerable to stock market shocks: report
[THE INVESTOR] South Korea has become more vulnerable to financial shocks in the stock market, an economic think tank said in a report on Sept. 13.In comparison with the United States since 2013, while the financial stress index for both countries rose, the increase for South Korea overall was more gradual except for the stock market, according to the Korea Economic Research Institute. For the US, the index for the securities market climbed from minus 0.3 to 0.4, a rise of 0.7. For South Korea,
Sept. 13, 2016
-
150 firms to participate in Korea’s biggest shopping fest
[THE INVESTOR] More than 150 local retailers, fashion companies and cosmetics firms will participate in South Korea’s biggest shopping festival Korea Sale Festa, the Trade Ministry here said on Sept. 13.During the Sept. 29-Oct. 9 event, 153 companies will offer big discounts to shoppers and foreign visitors at their 45,000 shops across the nation, according to the ministry.Among the firms on the list are big retailers including Lotte Department Stores and E-mart, the largest discount outlet chai
Sept. 13, 2016
-
Daekyo signs trust contract with Mirae Asset
[DISCLOSURE] Daekyo (019680) announced on Sept. 12 that it has signed a trust contract with Mirae Asset Securities to repurchase stocks worth 10 billion won (US$900 million).By Park Yuna (yunapark@heraldcorp.com)
Sept. 13, 2016
Most Popular
-
1
10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
-
2
Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
-
3
Second Gimpo civil servant found dead, after apologizing for not finishing work
-
4
DP leader says he will meet Yoon without conditions
-
5
First-ever meeting of president, opposition chief set to finally happen
-
6
NewJeans' singles, Japanese debut to proceed as planned, despite Hybe-Ador feud
-
7
Experts raise concerns about Japan putting pressure on Naver over Line
-
8
Samsung mobile chief, Google device head meet in Seoul
-
9
Blinken calls on China to press N. Korea to end its 'dangerous' behavior
-
10
Ship linked to NK arms shipments to Russia is moored in China: State Dept.