Articles by 박윤아
박윤아
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Aimhigh denies business rumors
[DISCLOSURE] Aimhigh (043580) denied that the company is planning to establish a joint venture with a Chinese firm, in a mandatory disclosure issued on July 20.
July 20, 2016
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DMT to supply digital set top box to US-based company
[DISCLOSURE] DMT (134580) said on July 20 that it has signed a contract with Digital Evolution, a US-based company, to supply digital set top boxes worth 9.66 billion won (US$8.45 million). The amount is equivalent to 8.7 percent of the company’s total sales of last year. The contract lasts until Dec. 1.
July 20, 2016
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Piolink’s H1 sales increase 115.8%
[DISCLOSURE] Piolink (170790) announced on July 20 that its sales in the first half of the year amounted to 15.6 billion won (US$13.60 million), up 115.8 percent compared with the same period last year.
July 20, 2016
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Aimhigh to issue disclosure over business rumors
[DISCLOSURE] Korea Exchange urged Aimhigh (043580) to issue a mandatory disclosure regarding rumors that it is pushing for a plan to establish a joint venture with a Chinese firm. The company is required to respond by 12 p.m. July 21.
July 20, 2016
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Daekyo to disclose Q2 earnings on July 26
[DISCLOSURE] DAEKYO (019680) said on July 20 that it will disclose its second-quarter earnings on July 26. Founded in 1975, the company is a major educational service enterprise in South Korea.
July 20, 2016
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Mirae Asset Life Insurance to hold IR meet on Aug. 9
[DISCLOSURE]Mirae Asset Life Insurance (085620) said on July 20 that the company will hold an IR session on its second-quarter performance on Aug. 9. The session will be carried via conference call.
July 20, 2016
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Hyundai Motor workers on strike for 2nd day
[THE INVESTOR] Workers at Hyundai Motor staged a partial strike for the second day on July 20, demanding a pay raise and better working conditions.They walked off the job for four hours from 11:30 a.m. at the company’s plant in Ulsan and other facilities. On July 19, they also launched a four-hour strike.Last week, a majority of the automaker‘s some 48,000 unionized workers voted for a strike as their talks with the company’s management over a wage increase and other issues were ruptured.The wor
July 20, 2016
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NPS’ reliance on Samsung stocks grows
[THE INVESTOR] The value of National Pension Service’s stake in Samsung Group jumped to 24.2 trillion won (US$21.20 billion) in the first half of the year, reaching a quarter of its total investment in the local stock market, data showed on July 20.South Korea’s state pension fund, which manages the world’s third-largest public fund, allocates around 100 trillion won in its home market. The NPS had 5 percent or more stake in 98 firms of South Korea’s 30 largest business groups, totaling 62 trill
July 20, 2016
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Kyungbong receives W9.45b order to build U-City in North Gyeongsang
[DISCLOSURE] Kyung Bong (139050) has signed a 9.45 billion won (US$8.27 million) contract for the Ubiquitous City (U-City) construction, part of the relocation project of North Gyeongsang Province, it said on July 20.This is equivalent to 21.26 percent of the company’s sales last year. The contract lasts until Dec. 31.
July 20, 2016
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Techwing signs contract for memory semiconductor inspection equipment
[DISCLOSURE] Techwing (089030) said on July 20 that it has signed a contract with Micron Semiconductor Asia to supply an inspection equipment for memory semiconductor that costs 6.98 billion won (US$6.1 million). This amounts to 5.13 percent of Techwing’s total sales of last year. The contract lasts until Dec. 1.
July 20, 2016
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Koreans spend US$3,000 annually on insurance
[THE INVESTOR] South Koreans paid more than US$3,000 per policy holder in insurance premiums for the year ended in March, a market researcher said on July 20.South Koreans’ insurance density stood at $3,034 in the financial year 2015-16, compared with $2,332 in 2010, Swiss Re, the world’s second-largest reinsurer based in Switzerland, said in its sigma report, referring to per capita premiums.It said South Korea’s premium per person is the 18th highest in the world, five notches higher than in 2
July 20, 2016
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S. Korea’s exports to China fall 9.4% in June
[THE INVESTOR] South Korean exports to China fell 9.4 percent on year last month, the 12th straight month of decline, data showed on July 20. Shipments to China declined to US$10.2 billion in June, compared with $11.3 billion for the same month last year, according to the data from the Korea International Trade Association.China which is South Korea’s biggest export destination has been facing an economic slowdown. The pace of declines in exports to China has slowed since May with exports dippin
July 20, 2016
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Only 80% of GSI’s newly issued stocks for third party allotment paid
[DISCLOSURE] GSI (007630) said on July 20 that the payment rate of newly issued stocks for third party allotment reached 80 percent on July 19. Out of 3,780,718 shares, 3,024,778 shares were sold. The rest will not be issued, the company said.
July 20, 2016
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Profitability of Korean firms in Vietnam falls short
[THE INVESTOR] South Korean firms are yet make adequate profits on their investments in Vietnam, a trade report noted on July 20.South Korean companies invested an aggregate total of US$15 billion in Vietnam as of the end of last year, the third-largest amount in a foreign country, according to the Korea Trade-investment Promotion Agency. The rate of operating profit was 2.3 percent and net profit 0.6 percent, falling short of the 3.4 percent average for operating income and 2.6 percent for net
July 20, 2016
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Cigarette sales rise 14% in H1 despite antismoking campaign
[THE INVESTOR] Despite last year’s price hike and the government’s antismoking campaign, cigarette sales in South Korea rose about 14 percent in the first half of the year, industry data showed on July 20. Smokers in South Korea purchased 35.3 billion cigarettes in the first six months of the year, compared with 31 billion cigarettes sold during the same period last year, the data by market researcher Neilsen showed. The InvestorEarly last year, South Korea increased the price of cigarettes by 8
July 20, 2016
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