Articles by 윤정현
윤정현
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Imagis obtains patent for pressure sensitive touchscreen
[DISCLOSURE] Imagis (115610), which produces non-memory semiconductor integrated circuit products, announced on Sept. 26 that it has obtained a patent for a pressure sensitive touchscreen. This new touchscreen is designed for games as it allows users to conduct a variety of tasks by varying pressure when they touch the screen. By Yun Jeong-hyeon (clareyun@heraldcorp.com)
Sept. 27, 2016
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MOA Information Technology debuts on K-OTC
[DISCLOSURE] Korea Financial Investment Association announced on Sept. 26 that it has listed MOA Information Technology on Korea-Over The Counter market, and it will start trading from Sept. 28. The price per share is 329 won (US$0.30) with a face value of 500 won. MOA has been installing and managing electronic prepaid payment systems since 2008. Its total assets are valued at 3.73 billion won while its total liabilities reached 3.624 billion won last year with equity capital standing at 107 mi
Sept. 26, 2016
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KG Inicis to acquire 60% of Samsung affiliate Allat
[DISCLOSURE] KG Inicis (035600), an online payment gateway service provider, said on Sept. 26 that it will acquire 600,000 shares (60 percent) of Allat, an affiliate of Samsung. The company added that after the acquisition, it will “further solidify our top market share in PG industry.” It also plans on expanding to online-to-offline commerce using VAN Business.By Yun Jeong-hyeon (clareyun@heraldcorp.com)
Sept. 26, 2016
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Import volume index rises sharply in Aug.
[THE INVESTOR] South Korea’s imports increased sharply in August in both quantity and value, led by the machinery and chemical sectors, the central bank data showed on Sept.26.The import volume index jumped 7.5 percent to 124.58 in the month from a year earlier, marking the largest growth since late 2014, according to the Bank of Korea. It’s a 5.6 percent rise from 117.94 recorded in July.By item, the imports of machinery and chemical products rose 22.7 percent and 18.9 percent on-year, respecti
Sept. 26, 2016
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SM Robotics listed on KONEX
[DISCLOSURE]SM Robotics has been listed on Korea New Exchange, or KONEX, it announced on Sept. 26. SM Robotics manufactures toys, dolls and other goods for entertainment purposes including its main item, horse-riding simulators. Its equity capital was 3.51 billion won (US$3.18 million) in 2015 while its sales reached 4.86 billion won and operating profit was 726 million won. By Yun Jeong-hyeon (clareyun@heraldcorp.com)
Sept. 26, 2016
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Samho Development amends W21.5b contract with Hanshin E&C
[DISCLOSURE] Samho Development (010960) announced on Sept. 23 that it has amended a contract worth 21.58 million (US$19.54 million) with Hanshin Engineering Construction (004960) as the construction completion date has been changed to Dec. 25, 2016. This amounts to 10.12 percent of its revenue last year.By Yun Jeong-hyeon (clareyun@heraldcorp.com)
Sept. 26, 2016
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Park attends ceremony to launch micro-financing agency
[THE INVESTOR] President Park Geun-hye on Sept. 23 attended a ceremony to launch a government-led institution handling micro-financing services in a show of resolve to pay greater attention to the underprivileged.Based on a law enacted in March, the Korea Inclusive Finance Agency was launched to serve as a one-stop lending center for financially strained citizens, including workers, young entrepreneurs and college students. The agency has integrated a set of existing microcredit and other loan
Sept. 23, 2016
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DE&T to buy real estate worth W10b
[DISCLOSURE] DE&T (079810), a manufacturer and distributor of flat panel display equipment and components, announced on Sept. 23 that it is purchasing real estate worth 10 billion won (US$9.04 million) in Osan, Gyeonggi Province. This amounts to 24.2 of its equity capital. By Yun Jeong-hyeon (clareyun@heraldcorp.com)
Sept. 23, 2016
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E-TRON to raise W1b capital
[DISCLOSURE] E-TRON (096040) announced on Sept. 22 that it has decided on a capital increase of 999 million won (US$905,960).Around 1.57 million shares will be issued for public offering at the price of 633 won per share with 10 percent discount rate applied. The payment is due Sept. 28 and the listing date is Oct. 12. By Yun Jeong-hyeon (clareyun@heraldcorp.com)
Sept. 23, 2016
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Rayence acquires OSKO in US for US$2m
[DISCLOSURE] Rayence (228850), a manufacturer of medical and veterinary X-ray detector products, said on Sept. 22 that it has acquired the entire 78,791 shares of OSKO, a US X-ray manufacturing company, worth 2.29 billion won (US$2.07 million). This amounts to 1 percent of its equity capital. OSKO will become a stronghold for its business expansion in Central and South America, the company said. By Yun Jeong-hyeon (clareyun@heraldcorp.com)
Sept. 22, 2016
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Profits of credit card firms down 13% in H1
[THE INVESTOR] South Korea’s eight credit card firms posted a 13 percent on-year decline in their first-half net profit, the financial regulator said on Sept. 22. The country’s eight card issuers earned a combined 948.7 billion won (US$861 million) in net profit for the January-June period, down 139 billion won from a year earlier, the Financial Supervisory Service said in a statement.Increased card spending and fees were offset by higher provisions and bigger marketing costs to draw customers a
Sept. 22, 2016
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Korea Polymer’s stocks oversubscribed
[DISCLOSURE] Korea Polymer (009810), a flexible intermediate bulk containers provider, announced on Sept. 22 that it has issued around 32.66 million shares and offered them to its shareholders for capital increase. The subscription rate reached 107.47 percent. By Yun Jeong-hyeon (clareyun@heraldcorp.com)
Sept. 22, 2016
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Aberdeen Asset Management Asia sells 1% stake in E-mart
[DISCLOSURE] Singapore-based Aberdeen Asset Management Asia announced on Sept. 21 that it has sold off a total of 280,000 shares (1.03 percent stake) in E-mart (139480), the largest retailer in Korea, and now has a 11.19 percent stake. By Yun Jeong-hyeon (clareyun@heraldcorp.com)
Sept. 22, 2016
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Korean firms’ profits up despite declining sales
[THE INVESTOR] Despite declining sales, the profitability of South Korean firms improved in the second quarter compared to a year earlier, central bank data showed on Sept. 22. Combined sales in local firms with assets worth over 12 billion won (US$10 million) decreased 1.9 percent in the April-June period from a year earlier, showed a Bank of Korea survey conducted on 3,062 companies between Aug. 1 and Sept. 9.Sales of conglomerates dropped though the rate of decline slowed to a 2.3 percent on-
Sept. 22, 2016
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CJ Korea Express to invest W122b in automated parcel sorting
[DISCLOSURE] CJ Korea Express (000120) announced on Sept. 21 that it will invest 122.7 billion won (US$111.44 million) to install SK Telecom’s automated parcel sorting solutions at 195 sub terminals, which will shorten the distribution process of delivery from the hub. The automated system will lead to more deliveries on the same day as the order. This investment amounts to 5.17 percent of last year’s consolidated equity capital and expires Apr. 30, 2018. By Yun Jeong-hyeon (clareyun@heraldcorp.
Sept. 22, 2016
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