Articles by 박윤아
박윤아
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Chinese investment in Korean gaming industry declines
[THE INVESTOR] Chinese investment in the South Korean online gaming industry has been significantly falling this year, a report showed on Sept. 9. Led by Tencent Holdings, the operator of China‘s biggest mobile messenger WeChat, Chinese Internet firms aggressively invested in Korean game makers from 2010 to 2014. From 2006 to 2014, Tencent invested in 15 Korean game makers, including Kakao and Netmarble Games, which is formerly known as CJ Games. According to the report released by the state-run
Sept. 9, 2016
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STX Engine to pay W6b additional tax after investigation
[DISCLOSURE] STX Engine (077970) said on Sept. 9 that the Changwon District Tax Office has levied an additional tax of 6.3 billion won (US$5.72 million) on it after a tax investigation. By Park Yuna (yunapark@heraldcorp.com)
Sept. 9, 2016
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Chaebol to pay suppliers W8tr ahead of Chuseok
[THE INVESTOR] South Korea‘s top 30 business groups will pay nearly 8 trillion won (US$7.28 billion) in advance to their suppliers ahead of the upcoming Chuseok holiday , a survey showed on Sept. 9.In the survey conducted by the Federation of Korean Industries, the 30 largest business groups here said they planned to pay 7.94 trillion won in advance to their suppliers before the start of the three-day holiday on Sept. 14.The amount marks a 31.9 percent spike from a year earlier, according to the
Sept. 9, 2016
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Kolmar invests W33m in China-based subsidiary
[DISCLOSURE] Korea Kolmar (161890), a cosmetics and healthcare OEM/ODM manufacturer, announced on Sept. 8 that it has decided to invest 32.79 billion won (US$29.97 million) in its Chinese subsidiary located in Wuxi, Jiangsu province. The amount is equivalent to 13.34 percent of the company’s equity capital last year. By Park Yuna (yunapark@heraldcorp.com)
Sept. 8, 2016
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Zungwon E&C’s largest shareholder sells 3m shares
[DISCLOSURE] Kim Hyeon-jong, the largest shareholder of Zungwon Egineering and Systems (045510), said on Sept. 8 that he has sold 3 million shares to the employee stock ownership association. The amount is equivalent to a 10.47 percent stake in the company. By Park Yuna (yunapark@heraldcorp.com)
Sept. 8, 2016
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Foosung’s largest shareholder increases stake
[DISCLOSURE] Foosung (093370), a chemicals manufacturer, announced on Sept. 8 that its CEO Song Han-joo has acquired the company’s 200,000 stocks by exercising a stock option. His stake in the company has increased to 49.75 percent from 49.53 percent. By Park Yuna (yunapark@heraldcorp.com)
Sept. 8, 2016
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Bokwang Industry decides on capital increase thro bonus stocks
[DISCLOSURE] Bokwang Industry (225530) announced on Sept. 8 that it has decided to pay cash dividends starting Sept. 30. The dividend rate and the amount are yet to be set. The company also has agreed on a capital increase by issuing 11.49 million bonus stocks. The stocks will be assigned starting Oct. 24. By Park Yuna (yunapark@heraldcorp.com)
Sept. 8, 2016
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Mobile stock trade picks up steam
[THE INVESTOR] Mobile stock trading has sharply increased in South Korea, spurred by the recent market rally and marketing by brokerage firms, data showed on Sept. 8.According to the Korea Exchange, the daily average of 254.7 million shares were traded via the mobile trading system in the nation’s secondary KOSDAQ market this year.It marks a 39.94-percent increase from 181.2 million recorded last year, accounting for 35.5 percent of this year‘s entire stock trading in the market. Mobile stock tr
Sept. 8, 2016
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Weak consumption, exports still hinder Korean economy: gov’t report
[THE INVESTOR] The South Korean economy has hardly shown clear signs of recovery in recent months, as a slight upturn in exports was counterbalanced by slowing private consumption, a government report said on Sept. 9.“Recently, the economy is experiencing a slowdown in domestic demand due to the expiration of a tax-cut program, with exports posting a rebound on one-off factors,” the Finance Ministry said in its monthly economy assessment report called the “Green Book.”The report is based on the
Sept. 8, 2016
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Shinsegae to open Korea’s largest shopping theme park
[THE INVESTOR] Shinsegae Group is set to open South Korea’s largest shopping theme park in Hanam, southeast of Seoul, on Sept. 8 to offer a range of options for shopping, leisure and culinary experiences. “Starfield Hanam” is a three-story building with four underground floors, covering an area spanning 460,000 square meters located some 20 kilometers southeast of Seoul. It’s equivalent to 70 football fields, big enough for visitors to day trip to without leaving the shopping mall that houses 75
Sept. 8, 2016
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Samsung, SK hynix to benefit from rebounding DRAM prices
[THE INVESTOR] The spot prices of computer memory chips have are rebounding, helping chipmakers, such as Samsung Electronics andSK hynix, improve their earnings, according to industry data on Sept. 8. The spot price of DDR3 4Gb chips rose 2.99 percent on month in August and 7.2 percent in July, according to the DRAMeXchange. It marked a price rise for two consecutive months for the first time in 31 months. Prices for DDR3 and DDR4 4Gb modules also gained 3.7 percent on month in August. Chipmaker
Sept. 8, 2016
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Korea wins WTO dispute case on washers against US
[THE INVESTOR] South Korea has won its dispute settlement case at the World Trade Organization against the United States’ anti-dumping duties imposed on washing machines, the government said on Sept. 8.The WTO dispute settlement panel delivered its final report on the case to members on Sept. 7, and maintained all key points of an earlier ruling that found the US in violation of the anti-dumping agreement, according to officials from the Ministry of Trade, Industry and Energy.They said the repor
Sept. 8, 2016
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Korean firms rush to raise capital ahead of US rate hike
[THE INVESTOR] Some South Korean companies with relatively high credit ratings are hurrying to raise capital in the debt market amid growing speculation that the US Federal Reserve may lift its benchmark interest rate soon, market watchers said Sept. 8.The move is also attributable to growing worries that the corporate bond market may be strained suddenly by the impact of a corporate revamp drive, they added.There was not a single A-rated corporate bond offering here in August. This month, howev
Sept. 8, 2016
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Gov’t approves Hanwha Chem, Unid, Tongyang for fast-track corporate restructuring
[THE INVESTOR] Three South Korean companies were selected on Sept. 8 to become the first beneficiaries of the newly established law aimed at facilitating voluntary corporate restructuring, the Trade Ministry here said.The Special Act on the Corporate Revitalization, dubbed the “one-shot act,” came into effect in early August to help businesses carry out an intra-corporate merger and spin-off through simplified procedures including exemptions from the strict antitrust laws and financial market re
Sept. 8, 2016
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Corporate tax burden falls, rises for personal income: report
[THE INVESTOR] The tax burden rate for the corporate community has continuously fallen throughout the two previous and current administrations while that on personal income has risen, a parliamentary report showed on Sept. 8. Such conclusions were drawn as the opposition camp, who wields the majority in the National Assembly, is pressing for a tax increase. The government has stayed the rate for corporate, income and value-added taxes for next year.The report, compiled by the National Finance In
Sept. 8, 2016
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