Articles by 박윤아
박윤아
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Hiring season to open for conglomerates
[THE INVESTOR] Korea’s main conglomerates are set to open the year’s second hiring season, potentially handing tens of thousands of new university graduates and entries to the market their first jobs, industry sources said Aug. 16.Most large South Korean firms hold two hiring events -- one in spring and the other in fall -- to accommodate graduating students.Market observers said the tens of thousands of new jobs will certainly offer great relief to the country and its young population, whose jo
Aug. 16, 2016
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Toptec inks contract to supply display manufacturing equipment
[DISCLOSURE] Toptec (108230) announced on Aug. 16 that it has signed a contract to supply display manufacturing equipment. The contract details, including the cost, are to remain undisclosed until the end of this year in accordance with the nondisclosure clause. The contract expires on May 28, 2017.
Aug. 16, 2016
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CJ CGV to hold IR sessions in Hong Kong and Singapore
[DISCLOSURE] CJ CGV said on Aug. 16 that it will hold investor relations sessions for major institutional investors from Aug. 22-26 in Singapore and Hong Kong.
Aug. 16, 2016
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W130b in Lotto winnings unclaimed in 3 years
[THE INVESTOR] Over 130 billion won ($118.3 million) in lottery prizes has been left unclaimed over the last three years in Korea, government data showed on Aug. 16.According to the lottery committee of the Ministry of Strategy and Finance, a total of 138.3 billion won in prize money from Lotto, the most popular offline lottery, has been left unclaimed by winners in the 2013-2015 period.Of the 18 million prizewinners who failed to receive their winnings, 13 people won the top prize, with their p
Aug. 16, 2016
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SMEs score zero wins against large firms in patent disputes: lawmaker
[THE INVESTOR] Small and medium-sized enterprises have lost all patent suits they have raised against large conglomerates so far this year, a lawmaker said on Aug. 16, suggesting their lack of legal experience and resources to protect intellectual properties.Citing related data from the Korea Intellectual Property Office, Rep. Kim Jung-hoon of the ruling Saenuri Party said small and medium-sized enterprises have raised 14 patent suits against larger companies this year, but have not won a single
Aug. 16, 2016
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Half Korean listed firms beat earnings forecasts for Q2
[THE INVESTOR] Earnings surprises showed that more than half of Korea’s listed companies beat market estimates on second-quarter operating profit, despite unfavorable business conditions, data showed on Aug. 16.According to data from market researcher WiseFn and Hyundai Securities, 80 companies of 156, or 50.6 percent, that had reported second-quarter earnings as of Aug. 12 posted operating profit exceeding analysts’ estimates for the April-June period. Surprises in second-quarter earnings were
Aug. 16, 2016
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Value of foreign share holdings increases 10% this year
[THE INVESTOR] The value of South Korea’s listed shares owned by foreign investors increased more than 10 percent this year, as investors loaded up on large caps, data showed on Aug. 16.Offshore investors held 464.1 trillion won (US$422 billion) worth of shares traded on the main bourse KOSPI and secondary KOSDAQ market as of Aug. 10, up 10.3 percent from 2015 and accounting for 30.56 percent of total market capitalization, according to the data by the Korea ExchangeThe figure represents a 1.42
Aug. 16, 2016
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S. Korea ranks 11th worldwide in GDP: World Bank data
[THE INVESTOR] South Korea ranked No. 11 worldwide in gross domestic product in 2015, with its global status rising two notches from a year earlier, data showed on Aug 16.According to the data from the World Bank, the nation’s nominal GDP came to US$1.38 trillion last year, up from the No. 13 spot a year earlier. But the value was down 2.4 percent from US$1.42 trillion the previous year.GDP, the broadest measure of an economy’s performance, is the total value of goods and services produced withi
Aug. 16, 2016
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Jaeyoung Solutec invests W5b to build factory in Vietnam
[DISCLOSURE] Jaeyoung Solutec (049630) said on Aug. 12 that it has invested 5.4 billion won (US$4.9 million) to build a new factory in Vietnam together with its Vietnam-based unit Jaeyoung Vina. The investment amounts to 15.73 percent of the firm’s equity capital.
Aug. 12, 2016
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Casamia postpones public issue
[DISCLOSURE] Home furnishing store chain Casamia said on Aug. 12 that it has decided to withdraw its decision to list on KOSPI due to institutional investors’ lower-than-expected demand. The company will go public next year, it said.
Aug. 12, 2016
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Coson to acquire own shares worth W999m
[DISCLOSURE] Coson (069110) said on Aug. 12 that it has decided to buy 63,694 of its own shares, worth 999 million won (US$906,000), to improve its stock value. The estimated acquisition period is from Aug. 16 to Nov. 11.
Aug. 12, 2016
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6 in 10 Koreans use 2 or more mobile messaging apps
[THE INVESTOR] About six in 10 South Koreans use two or more mobile messaging apps, with KakaoTalk standing as the most-used chat service, a survey showed on Aug. 12.According to the survey of 279 people aged between 19 and 59, conducted by market researcher DMC Media, 64.1 percent of respondents said they use two or more mobile messaging apps. The survey found that 35.8 percent use one messaging app, 38.8 percent use two, 16.8 percent use three and 8.6 percent use more than four. Asked why they
Aug. 12, 2016
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Camus E&C inks W10b construction deal with Daewoo E&C
[DISCLOSURE] Camus Engineering & Construction (013700) said it has signed a contract with Daewoo Engineering & Construction (047040) for precast concrete construction of Logistics Park in Bucheon. The contract amount is 10.5 billion won (US$9.52 million), equivalent to 7.9 percent of the company’s revenue last year.
Aug. 12, 2016
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Imported beers enjoy boom amid heat wave
[THE INVESTOR] Beer sales are soaring this summer as a heat wave has gripped the Korean Peninsula for weeks, industry data showed on Aug. 12.Local drinkers have shown particular enthusiasm towards imported beers this year due to the options of various flavors and a flurry of discount events, they said.Discount and convenience stores nationwide reported a steep jump in sales of imported beers, compared with far slower sales growth of mostly lager-dominated domestic beers.E-mart, the nation’s larg
Aug. 12, 2016
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Hyundai workers to stage partial strike again
[THE INVESTOR] Unionized workers at Hyundai Motor are set to stage a partial walkout again on Aug. 12.According to union leaders at Hyundai, some 15,000 workers will put down their tools for four hours from 11:30 a.m., while another 13,000 union members who belong to the company’s second work shift will follow suit for four hours from 8:20 p.m.The partial strike will mark the third of its kind just this week, and the eighth since the union and management launched wage negotiations earlier in the
Aug. 12, 2016
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