Articles by 박윤아
박윤아
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C&S Corporation lowers unconverted bonds price
[DISCLOSURE] C&S Corporation (032040) said on Aug. 26 that it has changed the conversion price of uncoverted bonds from 4,361 won (US$3.90) to 4,069 won, increasing the number of convertible shares to 2.56 million from 2.38 million. By Park Yuna (yunapark@heraldcorp.com)
Aug. 26, 2016
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Samsung, LG ready selves for Berlin trade show
[THE INVESTOR] Samsung Electronics and LG Electronics are set to unveil a host of new gadgets and goodies at a major consumer electronics fair in Berlin next month, according to officials from the respective companies on Aug. 26. The annual IFA fair, to be held in Berlin from Sept. 2-7, will bring together about 240,000 participants from around the world. The weeklong exhibition “will offer a great platform for professionals working in the field of consumer electronics and home appliances to exc
Aug. 26, 2016
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Finance minister, Fitch delegation meet
[THE INVESTOR] The head of international credit rating agency Fitch Ratings, along with a delegation, met with South Korea’s finance minister to discuss the economic situation and Korea’s macroeconomic policies, the Ministry of Strategy and Finance here confirmed Aug. 26.In a meeting with Finance Minister Yoo Il-ho in Seoul, Thomas Rookmaaker, head of Asia-Pacific sovereigns at Fitch, said South Korea has seen steady economic growth and maintained fiscal soundness, along with its efforts to push
Aug. 26, 2016
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Lending rates for new households, interest decline on-month
[THE INVESTOR] Lending rates for new home loans dropped from the previous month in July, and interest to be paid out on new deposits also fell, central bank data showed Aug. 26.The average interest rate on fresh household loans extended by local banks came to 2.96 percent last month, down 0.1 percentage point from the previous month, according to the Bank of Korea.The July reading marked the fourth consecutive months of drop.The decline could prompt additional household borrowing, which had reac
Aug. 26, 2016
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Stock loans near W8tr on bullish outlook
[THE INVESTOR] South Korea’s stock purchases on credit hit a fresh high of nearly 8 trillion won (US$7.2 billion), as more investors have borrowed money from brokerage firms to bet on the bullish market, data showed Aug. 26.Outstanding margin loans jumped to 7.78 trillion won as of Aug. 24, the highest level this year, according to the data compiled by the Korea Financial Investment Association and financial information provider FnGuide.The finding has added to concerns over possible damages sho
Aug. 26, 2016
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S. Korea resumes sending kimchi to China
[THE INVESTOR] South Korea is once again sending traditional Korean side dish kimchi to China, after a gap of nearly six years, as the Beijing government eased regulations on the pickled food, the agriculture ministry here said Aug. 26.Four local kimchi companies held a ceremony in Wonju, southeast of Seoul, on Aug. 24 to celebrate the resumption of kimchi exports, following business deals with their Chinese buyers, according to the Ministry of Agriculture, Food and Rural Affairs.The first batch
Aug. 26, 2016
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S. Korea, Taiwan, China expected to start mass producing ultra-high-definition TV panels
[THE INVESTOR] Display panel-makers in South Korea, Taiwan and China are expected to start mass production of 8K ultra-high-definition TV panels in the fourth quarter of this year, but their final decisions will depend on market conditions, according to industry watchers on Aug. 26. The 8K TVs feature four times the resolution of the 4K TVs, which are available from TV-makers such as Samsung Electronics and Japan’s Sony. Commercial broadcasts for 8K TVs are not yet available, though Japan is cur
Aug. 26, 2016
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S. Korea's OTC turnover soars
[THE INVESTOR] South Korea’s over-the-counter stock market has seen increased turnover this year, much credited to ultra-low interest rates fueling investor attention, a market tracker said Aug. 26.Turnover of South Korea’s over-the-counter stock market has been surging this year thanks to growing investor attention amid ultra-low interest rates, a market tracker said on Aug. 26.The value of transactions on the K-OTC nearly doubled in six months, soaring to 15.7 billion won (US$14.1 million) in
Aug. 26, 2016
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Consumer sentiment hits 8-month high in August
[THE INVESTOR] South Korean consumers have high hopes of an economic recovery, with overall sentiment at an eight-month high, central bank data showed Aug. 26. The composite consumer sentiment index for August came to 102, compared to 101 the previous month, according to the data from the Bank of Korea. The figure marks the highest since December.A reading above 100 means optimists outnumber pessimists.A separate index gauging the people‘s sentiments toward the current economic conditions came t
Aug. 26, 2016
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Daewoo Spac No.2 to acquire Ipageon next year
[DISCLOSURE] Daewoo Spac No.2 (204440) said Aug. 25 it has decided to acquire private company Ipageon. The ratio for the merger between Daewoo Spac 2 and Ipageon is 1: 103.7. The merger date is Jan. 13, 2017. The largest shareholder of the newly merged company will be Kim Young-hwan, who will own 43.85 percent stake of the company. Kim is currently the largest shareholder of Ipageon.By Park Yuna (yunapark@heraldcorp.com)
Aug. 25, 2016
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Jahwa Electronics’s halves stake in Kolen
[DISCLOSURE] Jahwa Electronics announced on Aug. 25 that it has sold off 363,000 shares of Kolen (078650) in after-hours dealing. The company’s stake in Kolen decreased to 3.33 percent from 6.68 percent. By Park Yuna (yunapark@heraldcorp.com)
Aug. 25, 2016
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Household debt in Q2 up 11%
[THE INVESTOR] South Korea’s household debt was up 11 percent on-year in the second quarter, despite stricter lending rules, the central bank said Aug. 25.The country’s overall household debt climbed to 1,257.3 trillion won (US$1.122 billion) in the April-June period from 1,131.5 trillion won in the same period last year, according to preliminary data from the Bank of Korea.Quarter-on-quarter, household debt, which includes credit-card spending, rose 2.7 percent, it said.Lower rates have pushed
Aug. 25, 2016
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Korean seaport cargo grows 2% on-year in July
[THE INVESTOR] Gains in container freight saw cargo processed at seaports in South Korea rise nearly 2 percent on-year in July, government data showed Aug. 25.The volume of cargo handled at the country’s seaports came to 124.3 million tons last month, up 1.9 percent from 122.1 million tons tallied in the same month last year, according to the Ministry of Oceans and Fisheries.The July figure marked a turnaround from a 3.7 percent on-year fall in June.The monthly increase was attributed to a rise
Aug. 25, 2016
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Equity crowdfunding market gaining steam in S. Korea
[THE INVESTOR] The South Korean market for “equity crowdfunding” has been seen gaining momentum recently on growing investor interest amid ultra-low interest rates, industry sources said Nov. 11.Also referred to as crowd-investing, equity crowdfunding is the online offer of unlisted shares and corporate bonds to a group of investors. In January, South Korea adopted the new model of raising money from the public through the internet and social media.According to the sources, IBK Investment & Secu
Aug. 25, 2016
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2nd cholera infection confirmed in South Korea
[THE INVESTOR] An additional case of cholera has been confirmed in Korea, bringing the number of people infected with the waterborne disease here to two, local health authorities said Aug. 25.A 73-year-old woman residing near the southern coast of the country is presumed to have contracted the disease from eating seafood, the South Gyeongsang Provincial Government said, adding she had dealt with the condition.The provincial government said she had no contact with the patient of the first infecti
Aug. 25, 2016
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