Articles by 박윤아
박윤아
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Korea’s import prices slip on lower oil prices
[THE INVESTOR] South Korea’s import declined in July, affected by falling oil prices and stronger local currency, central bank data showed on Aug. 12.The nation’s import price index dropped 2.8 percent on-month to 75.85, according to the Bank of Korea. It marks the first decline in three months.The BOK attributed the decrease to external factors, such as global oil prices and currency exchange rates.The monthly average price of Dubai crude oil shed 8.1 percent to US$43.52 a barrel from $46.3 in
Aug. 12, 2016
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Samkang M&T to supply chemical tanks worth W52b
[DISCLOSURE] Samkang M&T (100090) announced on Aug. 11 that it has signed a contract with MT Woomin, a chemical carrier, to supply three chemical tanks worth 51.6 billion won (US$47 million). The contract cost is equivalent to 26.82 percent of Samkang M&T’s revenue last year.
Aug. 11, 2016
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UGINT to issue stocks to finance W15b operation fund
[DISCLOSURE] UGINT (195990) said on Aug. 11 that it has decided on a capital increase with third-party allocation to raise 15 billion won (US$13.66 million) for operating funds.The largest shareholder Deal Done Shares will be assigned 1.28 million new shares worth 10 billion won. ZDK Holdings will get the rest of stocks worth 5 billion won.
Aug. 11, 2016
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Female subscribers of state pension rise rapidly
[THE INVESTOR] The number of female subscribers to South Korea’s state pension fund jumped remarkably in the past five years, data showed on Aug. 11. According to the data by the National Pension Service, the number of female subscribers increased from 7.66 million in 2010 to 9.41 million in 2015.As of May 2016, the total number of female subscribers came to 9.48 million, or 43.9 percent of the total subscribers, the data showed.The NPS attributed the jump to more women joining the workforce and
Aug. 11, 2016
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Korea’s ICT exports fall 7% in July
[THE INVESTOR] South Korea’s exports of information and communications technology products fell 6.6 percent in July from a year earlier, government data showed on Aug. 11.ICT exports reached US$13.02 billion last month, down from $13.93 billion a year ago, according to the data compiled by the Ministry of Trade, Industry and Energy.It marked the 10th consecutive on-year decline since October last year.Exports of ICT goods accounted for 31.7 percent of the country’s $41.1 billion in overall shipm
Aug. 11, 2016
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Korea’s exports up 16% in first 10 days of Aug.
[THE INVESTOR] South Korea’s exports expanded more 16.4 percent in the first 10 days of the month, customs data showed on Aug. 11.Outbound shipments totaled US$9.7 billion from Aug. 1-10, according to the Korea Customs Service.Exports of semiconductors jumped 18.8 percent on-year and those of automobile components soared 41.3 percent over the cited period.The on-year increase is largely derived by more working days than the previous year, as this year has 8.5 business days, 1.5 days more than a
Aug. 11, 2016
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Lot Vacuum signs W2b supply deal with Samsung
[DISCLOSURE] Lot Vacuum (083310) said on Aug. 11 that it has signed a supply contract withSamsung Electronics (005930) for dry vacuum pumps for semiconductor manufacturing process, which is worth 2 billion won (US$1.82 million). This amounts to 1.7 percent of its sales last year. The contract will last until Nov. 30.
Aug. 11, 2016
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Lotte Chemical chief summoned by prosecutors
[THE INVESTOR] The chief of Lotte Chemical was summoned by prosecutors on Aug. 11 to face questioning over a string of irregularities.Huh Soo-young appeared before the Seoul Central District Prosecutors’ Office over allegations of lobbying the local tax authorities and engaging in the company’s unlawful suit against the government.“I will fully cooperate with the prosecution,” he told reporters before entering the prosecutors‘ office.KP Chemical Corp., a subsidiary of Lotte, which later turned i
Aug. 11, 2016
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Tourists impressed by free Wi-Fi in Korea: survey
[THE INVESTOR] South Koreans take free Wi-Fi access available in public places for granted, but it is the most impressive experience for visiting foreigners, a survey showed on Aug. 11. According to the poll conducted by Cosmo Jin Travel R&D Institute on 706 foreign travelers between June and July, 55 percent were most surprised by being able to use the free internet connection in such places as airports, subway lines, restaurants and ancient palaces during their stay here.Nineteen respondents l
Aug. 11, 2016
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VW Korea chief summoned over emissions scandal
[THE INVESTOR] State prosecutors on Aug. 11 summoned the local chief of German carmaker Volkswagen to question him over irregularities committed by the automaker. Johannes Thammer appeared before the Seoul Central District Prosecutors’ Office on charges of getting involved in fabrication of reports on noise level, fuel efficiency and emissions results to obtain approval from the local authorities. Volkswagen Audi Korea chief Johannes Thammer appears at the prosecution on Aug. 11. The Investor“Fi
Aug. 11, 2016
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Bizmen seek gov’t approval to visit Kaesong industrial park
[THE INVESTOR] A group of South Korean businessmen on Aug. 11 said they plan to ask the government again to approve their plan to visit the now-shuttered Kaesong industrial park.Businessmen said there is a pressing need to visit North Korea to check their facilities at the complex, which was shut down six months ago.Previously, the group made two similar requests to Seoul’s Unification Ministry, but the government rejected them, saying the move is not proper as the international community is mov
Aug. 11, 2016
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US trade deficits with Korea not linked to FTA: official
[THE INVESTOR] Rejecting claims that the bilateral free trade agreement has led to huge trade deficits for the United States with South Korea, a senior Korean official said on Aug. 11 that it has more to do with a rebound in the US economy.In an attempt to rally support from voters struggling with economic woes, Republican presidential nominee Donald Trump had slammed FTAs as a source of American economic problems. He has denounced the agreement with South Korea as a “job killing” deal, a “disas
Aug. 11, 2016
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Hyundai, Kia sales in Europe rise 8% in July
[THE INVESTOR] Hyundai Motor and its smaller affiliate Kia Motors saw their sales rise more than 8 percent in five European countries last month, industry sources said on Aug. 11.The duo sold a combined 50,069 units in the five key markets -- Germany, Britain, Italy, France and Spain -- last month, up 8.5 percent from a year earlier, according to the sources.Hyundai Tucson topped a list of best-selling new cars in Germany in the first half of this year. Hyundai Motor sold 26,360 vehicles in the
Aug. 11, 2016
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Interpark posts Q2 operating loss of W6b
[DISCLOSURE] Interpark (108790) said it posted a consolidated operating loss of 5.7 billion won (US$5.17 million) in the second quarter. Sales in the period reached 102.7 billion won, up 20.1 percent, while its net loss was 5 billion won.
Aug. 10, 2016
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Taeyoung to stand surety for W489b loan
[DISCLOSURE] Taeyoung Engineering&Construction (009410) said on Aug. 10 that it has decided to underwrite debt, worth 489.5 billion won (US$444 million), for investors of Gwangmyeong station area development project. The amount is equivalent to 38.7 percent of the company’s capital equity. The creditors are KEB Hana Bank (086790), Kwangju Bank (192530) and Jeonbuk Bank (175330).
Aug. 10, 2016
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