Articles by 박윤아
박윤아
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Kolon Global offers employees stocks worth W616m
[DISCLOSURE] Kolon Global (003070) announced on Oct. 11 that it has decided to offer its 43,600 shares at 14,150 won per share to its employees to celebrate the company’s anniversary. By Park Yuna (yunapark@heraldcorp.com)
Oct. 11, 2016
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Samsung mass-produces new processor for wearables
[THE INVESTOR] Samsung Electronics said on Oct. 11 that it has started mass production of a new mobile processor for wearable gadgets. The new mobile processor features higher performance and lower electricity consumption, Samsung said in a statement. Mobile processors power entry-level smartphones, smartwatches and other smart devices. With the new processor, named the Exynos 7270, Samsung “introduces the benefits of this cutting-edge technology to wearables,” the statement said. “The Exynos 7
Oct. 11, 2016
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Korea’s exports fall 18% in first 10 days of Oct.
[THE INVESTOR] South Korea’s exports tumbled 18.2 percent in the first 10 days of October, compared to last year, the latest customs data showed on Oct. 11. The country’s exports totaled US$9.47 billion from Oct. 1-10, down from $11.58 billion tallied over the same period last year, according to the Korea Customs Service.Exports of semiconductors fell 5.9 percent on-year, and those of wireless devices plunged 31.2 percent over the 10-day period, while shipments of cars and auto parts dived 51.9
Oct. 11, 2016
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Lotte chairman sued by brother for accounting fraud
[THE INVESTOR] Lotte Group Chairman Shin Dong-bin has been sued by his elder brother on charges of accounting irregularities of Lotte Shopping, sources familiar with the issue said on Oct. 11. Shin Dong-joo, the former vice president of Tokyo-based Lotte Holdings, filed a complaint with South Korean prosecutors on Sept. 30, claiming Dong-bin and two other officials were involved in cooking the accounting books of Lotte Shopping, SDJ (Shin Dong-joo) Corp. said. His latest legal action against his
Oct. 11, 2016
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Sluggish production, exports continue to drag down Korean economy
[THE INVESTOR] Sluggish production and exports keep dragging down the South Korean economy to recover, according to a government report on Oct. 11. “The economy has been on a flaccid recovery track as private consumption and investment have made a turnaround in recent months, but the production side and exports have still remained sluggish due to partial strikes at major carmakers,” the Finance Ministry said in its monthly economy assessment report called the “Green Book.”On the bright side, ret
Oct. 11, 2016
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CEOs of tobacco firms to be grilled on tax evasion
[THE INVESTOR] South Korean lawmakers will grill CEOs of four tobacco companies operating in the country regarding their suspected tax evasion during a parliamentary audit this week, industry sources said on Oct. 11. South Korea‘s sole tobacco maker KT&G, Philip Morris Korea, British American Tobacco Korea and Japan Tobacco International are suspected of dodging taxes on huge profits from a tobacco price hike last year.According to the sources, the National Assembly’s safety and administration c
Oct. 11, 2016
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Hyundai Heavy shares hit 52-week high
[THE INVESTOR] Hyundai Heavy Industries’ stock price continues to rise on the back of rosy earnings outlook and ongoing restructuring efforts, industry sources said on Oct. 11.Stocks of HHI were trading at 154,000 won (US$138) on the Seoul bourse as of 9:30 a.m., up 1.65 percent from the previous session’s close, and also marking a 52-week high.The shipyard started at 85,500 won on Jan. 4 but has almost doubled so far this year.“Next year, demand for new ships is expected to rise and an industry
Oct. 11, 2016
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Sales of Korean firms top W1,900tr in 2015
[THE INVESTOR] Sales of South Korea‘s top companies surpassed 1,900 trillion-won (US$1.71 trillion) in 2015 with the top 4 percent taking up more than 70 percent share, according to data on Oct. 11According to the data by the Korea 20000 Corporate Research Institute, the combined revenue of the firms that close their books on Dec. 31 reached 1,910 trillion won last year.A total of 219 corporations posted sales of 1 trillion won or more, with the largest number of 4,802 firms registering sales in
Oct. 11, 2016
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Korea aims to lead global VR market
[THE INVESTOR] South Korea has stepped up its efforts to lead the global virtual reality market, which is forecast to reach US$11.2 billion in 2020.The global market for VR headsets will reach $7.9 billion, with that for VR entertainment to hit $3.3 billion in 2020, according to the data compiled by industry tracker IHS.“While the VR headset-installed base will escalate significantly to $81 million by 2020, we predict that expensive, higher-end headsets will dominate the content market,” the IH
Oct. 10, 2016
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85% of Galaxy Note 7s recalled in Korea
[THE INVESTOR] About 85 percent of the Galaxy Note 7 smartphones in South Korea has been recalled since Samsung Electronics began a voluntary recall program on Sept. 19, according to the Korean Agency for Technology and Standards on Oct. 10.A total of 389,000 units out of the 456,000 Galaxy Note 7s that had been manufactured between July 30 and Sept. 2 have been retrieved by the company, according to the state-run agency.Of those recalled, 352,000 units have been replaced with new ones, with 21
Oct. 10, 2016
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Hyundai’s Ioniq EV appeals most to those in 30s
[THE INVESTOR] Hyundai Motor said Oct. 10 that its electric vehicle appeals most to those in their 30s.Sales of the Ioniq Electric in South Korea surpassed the 1,000-unit mark in early September, two months after its debut in the domestic market. It marked the fastest period among local EVs to reach the milestone.By age group, those in their 30s account for the largest portion of 34 percent, with the number exceeding 40 percent if people in their 20s are included.“The numbers vividly show the c
Oct. 10, 2016
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246 firearms caught being smuggled this year
[THE INVESTOR] South Korea caught several attempts to smuggle totaling 246 firearms into the country over the first eight months of the year, according to data from the Korea Customs Service. It already marks the highest number of guns confiscated by KCS in a year in the 2010s, according to Rep. Yun Ho-jung of the main opposition Minjoo Party of Korea.The growth seems affected by a rising number of military goods enthusiasts, added Yun.In South Korea, gun possession is outlawed except for soldie
Oct. 10, 2016
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Korea, Japan biz leaders vow more cooperation
[THE INVESTOR] Business leaders from South Korea and Japan agreed on Oct. 10 to boost bilateral economic cooperation in overseas markets and step up efforts to reduce the damage from earthquakes in both countries. The agreement came as the Federation of Korean Industries, South Korea’s biggest lobby group, and the Japanese Business Federation, held a regular meeting earlier in the day to discuss a variety of issues, including bilateral cooperation.“The two countries’ cooperation is increasingly
Oct. 10, 2016
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Foreigners' net buying up in Korean stock market
[THE INVESTOR] Foreign investors increased their ownership of South Korean shares to a record high over the past four months in September.Offshore investors bought a net 1.63 trillion won (US$1.46 billion) worth of listed South Korean shares last month, marking the fourth consecutive month of net purchases, according to the data by the Financial Supervisory Service.Their cumulative net purchases reached 11.1 trillion won in the first nine months of the year, raising their ownership of listed sto
Oct. 10, 2016
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LG Electronics’ Q3 operating profits down on slowing smartphone sales
[THE INVESTOR] LG Electronics' operating profits in the third quarter is estimated to fall 3.7 percent on-year possibly due to its sluggish smartphone sales, the company said in its earnings guidance report on Oct. 7. LG said it expects an operating profit of 283.2 billion won (US$253.40 million) during the July-September period, which compared to 293.9 billion won a year ago. The figure missed an earlier market consensus of an estimated 319.4 billion won, according to FN Guide, a local market
Oct. 7, 2016
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