Articles by 박윤아
박윤아
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Samsung to promote tourism in Yucatan
[THE INVESTOR] Samsung Electronics signed a pact with the Mexican state of Yucatan to develop the state’s tourism industry, Samsung’s Mexican operations announced Aug. 22. The project will utilize Samsung’s virtual reality tech, marking the first time for the Yucatan state government to use VR technologies to promote the tourism of the region, home to the Mayan civilization.Under the pact, Samsung plans to link the tourism project to Samsung Gear VR, its virtual reality headset.The company will
Aug. 23, 2016
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Terms of trade improve for Korea in July
[THE INVESTOR] South Korea’s terms of trade improved from a year earlier in July, thanks to bigger declines in import prices over drops in export prices, central bank data showed Aug. 23.The terms of trade index for products came to 100.09 last month, up 0.4 percent from a year earlier, according to preliminary data from the Bank of Korea.The index measures the imports a country can purchase for each unit of its exports, showing how the country’s exports are doing in comparison with those of oth
Aug. 23, 2016
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First cholera case in South Korea since 2001
[THE INVESTOR] South Korea has been stricken by its first case of cholera in 15 years, health authorities confirmed on Aug. 23.A 59-year-old man from the southern city of Gwangju was confirmed to have been infected with the waterborne disease, the Korea Centers for Disease Control and Prevention said, adding the man has no record of overseas travel this year.It marks the first time a South Korean national has been infected with the disease on local soil since 2001, the KCDC said. In 2001, an out
Aug. 23, 2016
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Samsung, LG widen lead over Asian rivals in global TV market
[THE INVESTOR] Samsung Electronics and LG Electronics increased their share of the global television market in the second quarter to widen their lead over Japanese and Chinese competitors, according to industry data on Aug. 23.Samsung’s share of the global TV market in terms of shipments rose to 22.2 percent for the April-June period, compared to 21.4 percent for the same quarter last year, data compiled by industry tracker IHS showed.LG’s market share edged up to 13.1 percent for the second qua
Aug. 23, 2016
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Korea recoups 66% of bailout funds: FSC
[THE INVESTOR] The Korean government saw returns of 436.4 billion won (US$390.2 million) from previous bailout funds in the second quarter of 2016, mostly stemming from the 1997-98 Asian financial crisis, announced the top financial regulator on Aug. 23.The retrieval of taxpayers’ money came largely on dividends from bailed-out firms, according to the Financial Services Commission.The government spent 168.7 trillion won to bail out financial firms and help stabilize the financial system from Nov
Aug. 23, 2016
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Mixed bets on Samsung Electronics’ stock rally
[THE INVESTOR] Big investors are placing mixed bets on shares of Samsung Electronics, which hit an all-time high of 1,675,000 won (US$1,490) at Friday’s close. As of 2 p.m. on Aug. 22, the shares traded at 1,674,000 won, down 0.06 percent. Over the past week, local institutional investors kept buying the stock, while foreign investors have remained net sellers of it. According to the Korea Exchange, local institutional investors snapped up Samsung stocks worth 256.3 billion won for a ninth conse
Aug. 22, 2016
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Korean currency best performer among major currencies: data
[THE INVESTOR] The South Korean won was the best performer among major global currencies in July this year, data showed Aug. 22, adding to concerns about the negative impact of a strong local currency on exports.“The price competitiveness of exporting firms may be further undermined due to the won’s strength,” said Lee Chang-sun, a senior researcher at LG Economic Research Institute. According to the Bank for International Settlements, the real effective exchange rate, or REER, of the Korean cur
Aug. 22, 2016
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S. Korean chipmakers seeking to expand into India
[THE INVESTOR] South Korean semiconductor companies will send market development teams to India to expand their businesses in the world’s second-most populous market, according to the local trade ministry. The first squad led by SK hynix, the world’s second-largest chipmaker, will hold a road show in New Delhi on Aug. 22 to show their technologies of mobile chips and goods to Indian buyers. Leading Indian handset manufacturers such as Intex Technologies and Lava Mobile will participate in the ev
Aug. 22, 2016
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More middle-aged South Koreans buying prepackaged meals
[THE INVESTOR] A growing number of middle-aged South Koreans are buying prepackaged meals sold at local convenience stores, data showed on Aug. 22. According to the data by No. 1 convenience store chain CU, South Koreans in their 40s and older bought 32.9 percent of all prepackaged meals it sold in the first six months of this year. The ratio was up from 31.1 percent in 2015 and 27 percent in 2014.During the first three months, the figure for 40-something Koreans who bought such prepackaged meal
Aug. 22, 2016
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Korean refiners show decent profitability in H1
[THE INVESTOR] South Korean refiners such as S-Oil Corp. have racked up decent profits in the first half of the year, driven by their better-than-expected sales and relatively high cracking margins, industry data showed Aug. 22.According to data compiled by market researcher CEO Score, S-Oil, the country’s third-largest oil refiner, posted the highest operating income to sales ratio of 14.9 percent among companies affiliated with the top 30 conglomerates in terms of sales.S-Oil logged an operati
Aug. 22, 2016
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McDonald’s, Hollys Coffee deals heat up M&A market
[THE INVESTOR] The nation’s sluggish mergers and acquisitions market is heating up, with several food and coffee franchises being put up on the block recently.Starting the shopping spree was leading buyout fund VIG Partners’ sell-off of Burger King Korea to a Hong Kong-based private equity fund. More recently, Hollys F&B is pushing to sell its specialty coffee chain Hollys Coffee, drawing interest from several foreign investors. According to the sources, lead manager Deutsche Securities Korea pl
Aug. 22, 2016
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Miwon Chemicals’ largest stockholder’s relative sells shares
[DISCLOSURE] Miwon Chemicals (134380) said on Aug. 19 that Kang Min-seok, a relative of the company’s largest shareholder, has sold 2,000 shares of the company. By Park Yuna (yunapark@heraldcorp.com)
Aug. 19, 2016
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Haengnam to issue CB worth W1b
[DISCLOSURE] Haengnam (008800) said Aug. 19 that it has decided to issue convertible bonds worth 1 billion won (US$895,000) to acquire other corporation‘s stocks. The convertible price per share is 1,990 won. The conversion period ends on Aug. 19, 2019. The coupon rate and maturity rate are 1 percent and 3 percent, respectively.By Park Yuna (yunapark@heraldcorp.com)
Aug. 19, 2016
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Avaco to repurchase shares worth W5b
[DISCLOSURE] Avaco (083930) said Aug. 19 it has signed a trust contract with Kyobo Securities (030610) to repurchase its shares to the tune of 5 billion won (US$4.47 million) to stabilize its stock price and boost shareholder value. The contract expires on Feb. 17, 2017. By Park Yuna (yunapark@heraldcorp.com)
Aug. 19, 2016
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[SAMSUNG RALLY] Stock rally underscores hopes for Samsung recovery
[THE INVESTOR] Powered by better-than-expected market response for the new Galaxy Note large-size smartphone, expectations for a continued recovery of earnings have propelled shares of Samsung Electronics to an all-time high, after surging more than 30 percent this year. Shares of Samsung, the world’s largest maker of smartphones, jumped 4.7 percent on Aug. 18 to close at 1,640,000 won (US$1,470), a record closing high, and traded at a new intraday record of 1,643,000 won per share in early Frid
Aug. 19, 2016
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