Articles by 박윤아
박윤아
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Inscobee‘s safeguard period for 13m shares to expire
[DISCLOSURE] Inscobee (006490) said on Aug. 19 that the safeguard period for its 13,129,464 common shares will expire Aug. 24. They have been deposited as a result of the merger with Space Net, the fourth-largest mobile virtual network operator in South Korea. By Park Yuna (yunapark@heraldcorp.com)
Aug. 19, 2016
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Korea's producer prices down in July
[THE INVESTOR] Korea’s producer prices dropped a bit from a year earlier in July, due largely to a large cut in prices of coal and petroleum products, central bank data showed Aug. 19.The producer price index for July came to 98.95, down 2.4 percent from the same month last year, according to preliminary data from the Bank of Korea.Producer prices serve as an indicator of future consumer inflation.The July index marked a slight decrease from a revised 99.02 in the previous month.Prices of manufa
Aug. 19, 2016
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S. Korea's Instant noodle exports rocket 18% H1
[THE INVESTOR] Exports of South Korean instant noodles showed major gains on-year, up more than 18 percent in the first half of 2016, apparently with some help from the international popularity of Korean pop music and TV dramas.Overseas shipments of instant noodles came to US$123 million in the January-June period, up 18.3 percent from $104 million a year earlier, according to the data by the state-run Korea Agro-Fisheries & Food Trade Corp.By volume, exports stood at 33,300 tons in the six-mont
Aug. 19, 2016
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S. Korean's card spending overseas up 5% in Q2
[THE INVESTOR] South Koreans’ spending overseas with plastic went up more than 5 percent on-quarter in the second quarter of 2016, despite fewer travelers abroad, central bank data showed Aug. 19.Their credit, check and debit card purchases abroad rose 5.2 percent on-quarter to US$3.47 billion during the April-June period, according to Bank of Korea.It marks a 4.5-percent increase from $3.32 billion recorded a year earlier.The rise came in spite of a fall in the number of people traveling abroad
Aug. 19, 2016
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USITC endorses antidumping duties on Korean steel products
[THE INVESTOR] The US International Trade Commission on Aug. 18 endorsed antidumping duties the US Department of Commerce imposed on steel pipe imports from South Korea and two other countries.Last month, the department decided to levy 2.34-3.82 percent of antidumping duties on imports of heavy walled rectangular welded carbon steel pipes and tubes from South Korea, 3.83-5.21 percent of duties on imports from Mexico and 15.08-35.66 percent of duties on imports from Turkey.The ITC said it “determ
Aug. 18, 2016
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Venture firms’ exports fare well: data
[THE INVESTOR] Exports by South Korean venture companies have fared relatively well this year despite the country’s overall outbound shipments continuing to suffer, stung by the continued sluggishness of the global economy, data showed on Aug. 18.Overseas shipments by local start-ups came to US$9.99 billion in the first seven months of the year, up 0.8 percent from the same period a year earlier, according to the data by the Korea International Trade Association.In July alone, their exports rose
Aug. 18, 2016
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Lotte Homeshopping faces staff exodus
[THE INVESTOR] Lotte Homeshopping, the TV retail channel of Lotte Group, is facing a staff exodus, industry sources said on Aug. 18.Major headhunting service providers are said to have been flooded with resumes of Lotte Homeshopping employees since mid-June, when the prosecution launched a full-fledged probe into irregularities involving the renewal of its business license last year.“It seems that Lotte Homeshopping employees are scrambling to trying to pursue new jobs, believing that the compan
Aug. 18, 2016
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Dongbu Asset Management’s stake in Very Good Leisure rises to 7%
[DISCLOSURE] Dongbu Asset Management said Aug. 18 that it has acquired a 1.13 percent stake in Very Good Leisure (094850) by buying 158,000 shares. Dongbu Asset Management’s stake in the company rose to 7.14 percent from 6.01 percent.
Aug. 18, 2016
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Seoul prosecutors summon VW Korea executive over emissions scandal
[THE INVESTOR] The prosecutors invetigating Volkwagen‘s emissions scandal on Aug. 18 called in the company’s managing director to question him over allegations the German carmaker fabricated emissions results here.The Seoul Central District Prosecutors‘ Office summoned Volkswagen Korea Managing Director Thomas Kuehl to gather information on allegations the automaker illegally changed parts of the Golf 1.4 TSI to obtain approval from the local government between 2014 and 2015.“I am very sorry for
Aug. 18, 2016
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Hyundai, Kia cars take top bestseller spots in Israel
[THE INVESTOR] Three models produced by South Korea’s top automaker Hyundai Motor and affiliate Kia Motors took the top three spots in terms of best-selling cars in Israel in the first half of the year, also making their manufacturers the two most preferred brands in the Middle Eastern country, the companies said on Aug. 18.In the January-June period, Kia’s Morning compact car, sold as the Picanto in some countries, took the top spot as the best-selling car in Israel.It was followed by the Kia S
Aug. 18, 2016
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Semyung Elec to build plant in Busan investing W2b
[DISCLOSURE] Semyung Electric Machinery (017510) announced Aug. 18 it has decided to invest 1.8 billion won (US$1.62 million) to build a plant in the Mieum Industrial Complex in Busan. The cost is equivalent to 2.9 percent of the company‘s equity capital. The investment period is to last until the end of this year.
Aug. 18, 2016
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Owners of big firms in big trouble get big pay
[THE INVESTOR] Owners of several large companies in South Korea received handsome compensation in the first half of the year despite corporate troubles, data showed on Aug. 18, igniting criticism over their pay packages.According to the data compiled by market researcher Chaebul.com, 237 executives of local companies received 500 million won (US$452,000) or more in compensation in the January-June period, an increase by eight from the same period a year earlier.Among the highly paid directors ar
Aug. 18, 2016
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Kwang Myung Elec wins construction project worth W9b
[DISCLOSURE] Kwang Myung Electronics (017040) announced Aug. 18 that it has won a contract from Daewoo E&C (047040) to build an S-Oil Residue Upgrade Complex, worth 9.2 billion won (US$8.3 million). The project is to build a plant that refines residue into high-value gasoline. The contract cost is equivalent to 7.93 percent of the company’s sales last year. The contract expires May 8, 2017.
Aug. 18, 2016
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Korea‘s 50,000-won note balance tops record W70tr
[THE INVESTOR] The volume of 50,000-won (US$45.15) notes in circulation in South Korea has exceeded 70 trillion won for the first time, the central bank’s data showed on Aug.18.The outstanding balance of the county’s highest-denominated banknote stood at 70.43 trillion won as of the end of July, up 0.8 percent from a month earlier, according to the Bank of Korea. 50,000-won notesSince the bill was introduced in June 2009, its supply has been on a rapid rise. The amount totaled 60 trillion won in
Aug. 18, 2016
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Korean firms urged to cater more to Chinese consumers
[THE INVESTOR] South Korean companies must focus more on individual Chinese consumers rather than Chinese producers to keep their exports growing as Chinese consumers’ spending has nearly quadrupled in just 10 years, and will continue to grow, a report said Aug. 18.“As the Chinese market continues to grow, along with the income of Chinese consumers, it will become more important to study changes in the Chinese market and develop new, tailored products that will meet Chinese consumers’ tastes,” s
Aug. 18, 2016
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