Articles by 박윤아
박윤아
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Aimhigh invests W4b to form culture association
[DISCLOSURE] Aimhigh (043580) announced on Sept. 7 that it has invested 4 billion won (US$3.65 million) to form a cultural contents investment association. The amount is equivalent to 10.94 percent of Aimhigh’s equity capital. Aimhigh owns a 20 percent stake in the association.By Park Yuna (yunapark@heraldcorp.com)
Sept. 7, 2016
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Daewoo E&C’s construction deal cost reduced to W380b
[DISCLOSURE] Daewoo Engineering and Construction (047040) announced on Sept. 7 that the contract amount for building an apartment complex in Gangdong District, Seoul, has been reduced to 380 billion won (US$347 million) from 430 billion won. By Park Yuna (yunapark@heraldcorp.com)
Sept. 7, 2016
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Investors pick ETFs, hedge funds over stock funds
[THE INVESTOR] Investors are favoring alternative vehicles such as exchange-traded funds and hedge funds over stock funds, according to industry data.South Korea’s stock funds, excluding exchange-traded funds, have continued to record net outflows for nearly four weeks, losing more than 2 trillion won (US$1.82 billion), data shows. Net redemptions totaled 2.23 trillion won for 26 consecutive trading days from July 29-Sept. 5 in the longest losing streak since 2013, when a total of 7.3 trillion w
Sept. 7, 2016
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Gov’t to inject funds to boost VR, AR industries
[THE INVESTOR] South Korea will inject 40 billion won (US$34.50 million) in special funds to foster the virtual reality and augmented reality industries, the Science Ministry said on Sept. 7. The ministry said funds are aimed at bringing more investment in the fields and to catch up with other global powerhouses.The ministry said it will invest 12 billion won annually into the fund for the next two years and the rest of the 20 billion won will be supplemented from private funds. The fund will be
Sept. 7, 2016
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Daewoo Shipbuilding spent W520m on private jet travel: lawmaker
[THE INVESTOR]Financially troubled Daewoo Shipbuilding & Marine Engineering spent around 520 million won (US$475,300) on private jet flights for its former head despite management struggles, an opposition lawmaker said on Sept. 7. According to the data compiled by Rep. Kim Hae-young of the main opposition Minjoo Party of Korea, Nam Sang-tae, the former head of the company, went on four overseas trips between 2011 and 2012 using private jets.Nam was indicted in July on charges of siphoning off co
Sept. 7, 2016
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LG unveils V20 premium smartphone
[THE INVESTOR] LG Electronics released its new V20 premium smartphone featuring improved audio functions and dual-lens rear cameras on Sept. 7. In collaboration with Denmarks luxury brand Bang & Olufsen, the new smartphone boasts a high-end audio resolution. LG Electronics' new premium smartphone V20. The Investor / Lee Sang-sub“In an effort to further enhance audio functions and design, LG is continuing its collaboration with B&O PLAY,” the company said in a statement. “The result in the LG V2
Sept. 7, 2016
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Korea to promote local products at US organic food exhibition
[THE INVESTOR] South Korea’s organic food agency said on Sept. 7 that it plans to set up a booth at a US trade fair later this month to help local firms make inroads into North America.The National Agricultural Products Quality Management Service said Biofach America-All Things Organic could offer an opportunity for South Korean food makers to promote their products in the world’s largest organic food market.The agency said nine South Korean food makers are set to present their products includin
Sept. 7, 2016
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Electric charging point at gas stations roll out in Jejudo
[THE INVESTOR] An electric car charging facility installed at a gas station started operation on Sept. 7 for the first time in South Korea, the Trade Ministry said.Recently, the South Korean government revised related laws to allow filling station operators to set up an electric vehicle (EV) charger without the need to install explosion prevention facilities, according to the ministry.A filling station on Jejudo, the most popular resort island in the country, became the first shop-in-shop stati
Sept. 7, 2016
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Convenience stores export private brands
[THE INVESTOR] Local convenience stores have started exporting their own brands of snacks and instant foods overseas, industry officials said on Sept. 7. CU, a chain operated by BGF Retail, has been exporting two types of its private brand cup noodles to China through Chinese online shopping mall Jumei from this year. GS25 has collaborated with popular local Chinese restaurant Gonghwachun to make the store’s own Chinese-style instant noodles, and is now exporting them to Australia and New Zeala
Sept. 7, 2016
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Cigarette sales to increase in 2017: report
[THE INVESTOR] Cigarette sales are forecast to increase in 2017 despite a price hike meant to discourage smoking, giving the state more revenue from taxes levied on each pack, a government report said on Sept. 7.In the report submitted to the parliament by the Ministry of Strategy and Finance, the government projected a 5.4-percent increase in cigarette sales next year to approximately 3.65 billion packs. This would mean a 5.4-percent increase, or 320 billion won (US$289 million), in the money
Sept. 7, 2016
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Daekyo sells stocks worth W2b
[DISCLOSURE] Daekyo (019680) announced on Sept. 6 that it sold 236,789 stocks worth 1.8 billion won (US$1.62 million) on Sept. 2.By Park Yuna (yunapark@heraldcorp.com)
Sept. 6, 2016
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LG to unveil new smartphone V20 on Sept. 7
[THE INVESTOR] LG Electronics will unveil a new premium smartphone this week as it seeks to revive its struggling handset business. The V20 smartphone, to be announced on Sept. 7 in Seoul, is the first smartphone in the world to run on Google’s latest Android mobile operating system called Nougat. Following disappointing sales of another premium smartphone, the G5, earlier this year, LG’s handset business division posted its fifth consecutive quarterly operating loss in the second quarter.Detail
Sept. 6, 2016
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Consumers may prefer exchange of Note 7 over refund
[THE INVESTOR] South Korean consumers who already bought the Galaxy Note 7 smartphones are expected to prefer to replace their Note 7 devices with new ones rather than receive complete refunds, industry officials said on Sept. 6. Samsung Electronics announced a global recall of the Note 7 smartphones on Sept. 2 after some of their batteries caught fire while being charged. Mobile carriers in South Korea are also offering full refunds for the Note 7. The refund program will be available until Se
Sept. 6, 2016
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S. Koreas gov’t seeks to boost ‘maker movement’
[THE INVESTOR] South Korea’s government on Sept. 6 rolled out a set of measures to promote the so-called “maker movement”.The term refers to a social trend in which anyone with creativity and innovation can now be a maker of products and ideas thanks to the widespread availability of technology and access to information, the Ministry of Science, ICT and Future Planning said.The announcement was made after a Cabinet meeting presided over by Prime Minister Hwang Kyo-ahn.The ministry will support i
Sept. 6, 2016
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Korea’s beer exports hit record high in 2015
[THE INVESTOR] Outbound shipments of South Korean beer hit a record high last year, government data showed on Sept. 6.The data compiled by the Korea Customs Service showed that exports of South Korean beer reached US$84.4 million in 2015, up 15.4 percent from a year earlier.South Korea’s beer exports also came to $48 million in the first seven months of this year, up 3.7 percent from a year earlier.By country, 41.6 percent of South Korean beers were shipped to Hong Kong last year. The Chinese te
Sept. 6, 2016
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