Articles by 박윤아
박윤아
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Korea to foster big data use for financial firms
[THE INVESTOR] The government plans to allow financial service companies here to share information of their customers for big data collection purposes while maintaining privacy, the top financial regulator said on Sept. 1.The measure would pave the way for banks, insurers, securities firms, fintech operators and others to develop far more various products by exchanging “de-identified” big data. “It has been difficult so far for different business operators to share data (with others) without the
Sept. 1, 2016
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Aging population to hit steel industry: POSRI report
[THE INVESTOR] The rise in aging population leading to less employable workers in South Korea will hit the steel industry and its related markets, as seen in the case of Japan, a research report said on Sept. 1.The report from the POSCO Research Institute projected that the construction market, which accounts for 42 percent of total steel demand, will be the hardest hit. The auto market, whose steel consumption accounted for 18.5 percent, is also likely to be affected, as well as the machinery,
Sept. 1, 2016
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[HANJIN CRISIS] Hanjin Group suffers biggest drop in market cap
[THE INVESTOR] Hanjin Group, whose shipping affiliate filed for court receivership this week, fell five notches in market capitalization rankings this year among the top 30 listed conglomerates, according to the Korea Exchange on Sept. 1.The group, whose businesses range from hotel operations to flag carrier, had 4.39 trillion won (US$3.98 billion) in market cap as of Aug. 31, shedding 274.2 billion won. The loss put the group at No. 28 in the rankings, down from No. 23 at the end of last year.T
Sept. 1, 2016
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Korea to issue new license plates for electric cars in Oct.
[THE INVESTOR] South Korea will introduce a new license plate for electric vehicles before the end of next month, the government said Sept. 1.The new license plate will be picked from four designs in a public vote that will last 10 days until Sept. 11, according to the Ministry of Land, Infrastructure and Transport.“The government will decide which design will be used as a new license plate for electric cars in the popularity vote to be held between Sept. 1 and Sept. 11, and it will manufacture
Sept. 1, 2016
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Korea-US FTA is delivering expected results: report
[THE INVESTOR] The South Korea-US free trade agreement has delivered expected results, increasing exports of both countries, a Heritage Foundation report has said. “U.S. protectionists have repeatedly claimed that the KORUS FTA has resulted in more imports from South Korea. That is true, but it has also resulted in more exports from the US to South Korea,” the foundation said in an Aug. 22 report. The pact, which has been in effect since 2012, may not have been working as fast as some would like
Sept. 1, 2016
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Hironic decides on W220m capital increase
[DISCLOSURE] Hironic (149980) said on Aug. 31 that it has decided on a capital increase of 220 million won (US$196,410) through third-party allotment. The newly issued shares will be offered to Song Jeong-ho and 16 others at 9,990 won per share. By Park Yuna (yunapark@heraldcorp.com)
Aug. 31, 2016
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DSME chief in Europe to calm ship owners’ concerns
[THE INVESTOR] Cash-strapped Daewoo Shipbuilding & Marine Engineering on Aug. 31 said its president is visiting Europe in a bid to help dispel ship owners’ concerns over its financial health.Daewoo Shipbuilding said CEO Jung Sung-leep left Seoul for northern Europe on Aug. 29 to hold meetings with major ship owners, during which he will brief them on the company’s current state and assure them that vessels and offshore platforms will be delivered without delay.“Concern is growing among ship own
Aug. 31, 2016
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Int’l textile fair introduces new industry trends
[THE INVESTOR] The Seoul International Textile Fair kicked off in Seoul on Aug. 31 to set the stage for trade between global textile and fashion companies and introduce the latest industry trends, its organizer said. The international fair, called the “Preview in Seoul 2016,” runs for three days until Sept. 2 at Coex, bringing 374 textile and fashion companies from 11 nations.It also attracted about 1,000 overseas buyers from popular fashion brands, including DKNY, Coach and J Crew. Hosted by th
Aug. 31, 2016
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Competition in hypertension drug market heats up
[THE INVESTOR] A number of local pharmaceutical firms are due to release new medications to treat high blood pressure in the local market later this year, industry sources said on Aug. 31.Noticeably, a number of drugs for hypertension are expected to hit the market as most people with high blood pressure need to take two or more types of medicine to lower it, they said.“There are many cases when a patient does not control his or her high blood pressure enough with a single medication, leading to
Aug. 31, 2016
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Dual-lens cameras on smartphones getting popular
[THE INVESTOR] Dual-lens cameras on the back of smartphone are getting popular as more consumers want to enjoy the visual capability of the devices.With smartphones getting slimmer, there is a technical limit for a one-lens camera to increase a handset’s photographic capability. So, manufacturers are installing dual-lens cameras for a better visual experience, analysts say. LG Electronics unveiled the G5 smartphone featuring dual-lens cameras in February this year. LG G5“The G5’s 135-degree wide
Aug. 31, 2016
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Sincetimes signs contract to publish mobile game
[DISCLOSURE] Sincetimes (056000) announced on Aug. 31 that it has signed an exclusive contract with Beijing Sincetimes Network to publish the Chinese developer’s mobile game “The Battle 1942” worldwide except for China. The company will pay 30 percent of profits from the game to Beijing Sincetimes Network without upfront payment. The contract will last for two years and renew automatically every year.By Park Yuna (yunapark@heraldcorp.com)
Aug. 31, 2016
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Korea’s industrial output rises in July
[THE INVESTOR] South Korea’s industrial output advanced for the third month in a row in July, a government report showed on Aug. 31.Production in the mining, manufacturing, gas and electricity industries rose 1.6 percent last month from a year ago, according to the report by Statistics Korea. The July figure marks the third straight month of advance, following a 4.7 percent jump in May and a 0.8 percent gain in June.From a month earlier, industrial output also climbed 1.4 percent production in t
Aug. 31, 2016
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Blue House urges timely passage of extra budget bill
[THE INVESTOR] The presidential office Cheong Wa Dae on Aug. 31 reiterated its calls for a “prompt, timely” passage of an extra budget bill that has stalled over partisan bickering over outlays.“Timing is crucial for the extra budget this time, which is designed to address (the potential fallout from) the restructuring of major industries, and create jobs,” presidential spokesman Jung Youn-kuk told reporters. “(We) hope for a swift passage (of the extra budget bill).”On Aug. 30, the ruling and o
Aug. 31, 2016
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8% listed firms suffer operating, net loss
[THE INVESTOR] Slightly over 8 percent major listed companies suffered a double whammy of operating and net losses in 2015, data showed on Aug. 31.According to the data by the Korea 20000 Corporate Research Institute, 23 of the 273 listed companies with sales of at least 500 billion won (US$447 million), or 8.4 percent, reported both operating and net losses last year.Of the total, 27 companies posted operating losses, while 55 firms registered net losses. The data also showed 11 of the 23 compa
Aug. 31, 2016
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DOUBLEUGAMES buys 100% stake in Ddragon Games
[DISCLOSURE] DOUBLEUGAMES (192080) said on Aug. 30 that it has decided to buy 100,000 shares of its subsidiary Ddragon Games for 2 billion won (US$1.78 million) to acquire the firm with a 100 percent stake. This amounts to 0.54 percent of its equity capital. By Park Yuna (yunapark@heraldcorp.com)
Aug. 30, 2016
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