Articles by 박윤아
박윤아
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Ads of caffeinated foods, beverages to be restricted
[THE INVESTOR] Media advertisements of high-caffeine foods and drinks will be restricted starting in November, the government said on July 20.The restriction will affect some 2,000 local products often used by teenagers to stay awake.The Ministry of Food and Drug Safety said it has put out an advance notice of the measure to start accepting public opinion on Aug. 1.The aim is to ban or restrict related ads on television, radio and print media. It will also cover snacks like ice cream.The ministr
July 20, 2016
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IM has key system for augmented reality technology
[DISCLOSURE] IM (101390) said on July 19 that it possesses a Laser Pico Projector Module, core component for augmented reality technology. The company said it recently supplied the module to a Taiwanese company that manufactures HUD (Head Up Display) system and is currently working with local conglomerates to produce new modules that focus on brightness characteristics.
July 19, 2016
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POSCO to sell 160 shares over the counter
[DISCLOSURE] POSCO (005490) said on July 19 it will sell 160 shares over the counter to reward its long-serving employees. Each share will cost 228,000 won (US$200), and the total will amount to 36.48 million won. The sale will start on July 20 and end on July 27.
July 19, 2016
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Shinhoo to be renamed
[DISCLOSURE] Shinhoo (066430) announced on July 19 that it will be renamed Y-Optics Manufacture in efforts to improve its corporate image.
July 19, 2016
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S-Oil to hold IR session on Q2 performance
[DISCLOSURE] S-Oil (010950) said on July 19 that it will hold an IR session on its second-quarter performance on July 25. The session will be conducted through a conference call, which will be broadcast on its website. It will be carried in English and Korean.
July 19, 2016
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S-MARK to become largest shareholder of Anoto Group
[DISCLOSURE] S-MARK (030270) announced on July 19 that it has signed to invest US$5 million in the Swedish Nasdaq-listed company Anoto Group. Through the investment, which is to be made on Sept. 9, S-MARK is slated to become the biggest shareholder of the Swedish company, acquiring 7 percent of the company’s share. “Anoto Group has many patents in digital writing and drawing solutions. We chose to invest in the company to participate in joint management, marketing and technical cooperation,” an
July 19, 2016
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Ex-Lotte Chemical chief summoned over accounting fraud allegations
[THE INVESTOR] Ki Joon, a former chief of Lotte Chemical was summoned by prosecutors on July 19 to be questioned on accounting fraud allegations.Ki Joon appeared before the Seoul Central District Prosecutors’ Office as a suspect. “I will tell all the facts,” he told reporters before entering the prosecutors’ office. Ex-Lotte executive Ki Joon / The Investor (Park Hyun-koo)KP Chemical, the precursor of Lotte Chemical, is suspected of filing a suit against the government in 2006 with doctored ac
July 19, 2016
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Hyundai Motor, HHI workers to stage simultaneous strike
[THE INVESTOR] The unions of Hyundai Motor and Hyundai Heavy Industries on July 19 launched a partial strike against the rupture of the wage negotiation. Two shift teams of the carmaker union staged the strike for two hours each while the heavy industries union did for three hours. This is the first collective strike of the two unions in 23 years when the federation of Hyundai Group’s unions launched it in 1993. The two unions hold a press conference before staging a collective strike in Ulsan“T
July 19, 2016
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Samsung’s M&As focus on cloud, B2B services
[THE INVESTOR] The mergers and acquisitions of Samsung Electronics over the past 10 years indicate the tech mogul is betting big on cloud and business-to-business services, corporate watchers said on July 19.The firm pushed through 22 M&As since 2007, including Canada’s digital ad startup AdGear in May and US cloud computing firm Joyent in June. Eight of the deals were related to cloud and B2B services. The M&A pace picked up from 2010. Before then, there were only two deals. In May 2012, Samsun
July 19, 2016
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Trump’s top adviser flays Korea-US FTA
[THE INVESTOR] Republican presidential candidate Donald Trump’s top foreign policy adviser blasted the Korea-US free trade agreement on July 19, calling it a “mistake” that more than doubled American trade deficits.Sen. Jeff Sessions, who oversees Trump’s foreign policy team, has expressed deeply negative views of free trade deals, often using the pact with Korea as an example to make the case the administration of President Barack Obama duped the country into supporting deals that turned out to
July 19, 2016
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KAI to supply KT-1 jet trainers to Senegal
[THE INVESTOR] Korea Aerospace Industries signed an agreement July 15 to supply four KT-1 basic jet trainers to Senegalese Air Force, the nation’s sole aircraft maker said on July 19KT-1“We are already exporting to countries like Indonesia, Turkey and Peru, and now we are entering the African market,” the company said in a regulatory filing. “We expect the decision to have a positive impact in approaching more African countries.”By Park Yuna (yunpark@heraldcorp.com)
July 19, 2016
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Bipartisan support by US lawmakers for Seoul-Washington ties
[THE INVESTOR] A delegation of visiting US lawmakers voiced their Congress’ bipartisan support for ties with South Korea, the Korean Foreign Ministry said on July 18 .The delegation consisting of five lawmakers from the Senate and the House of Representatives held a breakfast meeting with South Korea’s Vice Foreign Minister Lim Sung-nam on the same day. They all came from the Democratic Party, according to the ministry.The ministry quoted Sen. Brian Schatz, who is leading the delegation, as sayi
July 18, 2016
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Consumer group flays Visa for fee hike plan
[THE INVESTOR] A major financial consumer group denounced Visa on July 18 for its plan to raise the fees for overseas credit card purchases by South Koreans, warning that it may launch a nationwide boycott of the global payment network.Visa announced that it would press ahead with the fee hike plan despite strong opposition from local card firms.The California-based company argued that it’s inevitable to jack up the fee rate from 1.0 percent to 1.1 percent starting next year due to increased fac
July 18, 2016
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Korea, Mongolia seek to expand biz ties
[THE INVESTOR] South Korea’s business community voiced hope to expand economic partnerships with Mongolia and connect Eurasian nations on July 18.“It is important for Eurasian countries to unite and connect to ‘one continent’ in order to develop Eurasia to the next level,”Park Yong-maan, president of the Korea Chamber of Commerce and Industry, said at a business forum held in the Mongolian capital of Ulaanbaatar.Park noted that the Eurasian region has high potential to grow into a major economic
July 18, 2016
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China not retaliating to THAAD deployment: Trade Ministry
[THE INVESTOR] South Korea has not detected any signs of China’s retaliatory movement in trade following the decision to deploy the Terminal High Altitude Area Defense, the Trade Ministry here said on July 18.Seoul and Washington have decided to place the advanced US. missile defense system on South Korean soil by 2017, saying that the deployment is aimed at countering North Korea‘s growing nuclear and missile threats.The issue has attracted opposition from China, which argues that the system co
July 18, 2016
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