Samsung chairman couple's equities soar 1.6 tln won in past 7 months

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Samsung chairman couple's equities soar 1.6 tln won in past 7 months

Equity assets owned by Samsung Group Chairman Lee Kun-hee and his wife soared 1.6 trillion won ($1.4 billion) in the past seven months helped by gains in its chipmaking affiliate, an industry tracker said Sunday. The value of equity assets, including shares in Samsung Electronics Co., held...

Updated : 2016.07.31 11:44

Lotte Capital CEO Kobayashi resigns

[THE INVESTOR] Masamoto Kobayashi, chief executive of Lotte Capital, has resigned, according to Lotte Group on July 29.Kobayashi is known as the central link between the flow of funds between Lotte’s...

Updated : 2016.07.29 17:12

Foreign funds record net outflow from S. Korean bonds

[THE INVESTOR] South Korean securities saw a net outflow of foreign funds amounting to 2.7 trillion won (US$ 2.40 billion) during the first six months of the year, the Bank of Korea said in a report o...

Updated : 2016.07.29 16:43

Paxnet gets approval for Kosdaq listing

[THE INVESTOR] Paxnet, a South Korean financial data provider, was approved for listing on the secondary bourse Kosdaq, the Korea Exchange on July 29. The stock of Paxnet will start trading from Aug. ...

Updated : 2016.07.29 16:24

[EQUITIES] SK Securities sees growth potential for Naver

[THE INVESTOR] SK Securities said Naver is expected to show solid growth this year on the back of Line’s successful IPO and a number of new money-making projects.Naver’s webtoon service, which launched overseas two years ago, has more than 18 million monthly users, while video messaging ...

Updated : 2016.07.29 16:24

[EQUITIES] NH Investment forecasts 10% increase in Samsung SDS’ annual profit

[THE INVESTOR] Samsung SDS is expected to manifest solid earnings in the latter half of the year, said NH Investment & Securities on July 29.For the entire year, Samsung SDS was forecast to post a 10 percent on-year increase in operating profit to 648.2 billion won (US$574.63 million), whi...

Updated : 2016.07.29 16:23

[ANALYST REPORT] SK Telecom: Commerce investments to lift growth but weigh on earnings

What’s new: 2Q16 earnings mostly in line with estimates 2Q16 earnings at SK Telecom (SKT) were mostly in line with our estimates and consensus. Sales missed our estimate by 1.4% as ARPU fell. OP was ...

Updated : 2016.07.29 15:10

[ANALYST REPORT] Airlines 2Q preview: Profits to disappoint

● We believe Korean Air, Asiana Airlines, and Jeju Air generated combined 2Q sales of KRW4.4t, up 3.4% y-y and meeting the consensus, and an operating profit of KRW109.1b that missed the consensus by...

Updated : 2016.07.29 15:09

S-OIL to issue W300b bonds

[THE INVESTOR] S-OIL is preparing for a 300 billion won (US$ 267.58 million) bond issuance in September, local media reported on July 29.According to reports citing unnamed financial industry sources,...

Updated : 2016.07.29 14:41

LG International reviews issuing bonds to raise capital

[THE INVESTOR] LG International is reviewing plans to issue bonds for raising 100 billion won (US$89.19 million) in August, local media reported on July 29.According to reports, the trading arm of LG ...

Updated : 2016.07.29 14:33

Daelim Industrial price raised on earnings surprise

[THE INVESTOR] Analysts raised their target price for Daelim Industrial, South Korea’s major builder, on July 29 as the firm posted better-than-expected quarterly revenue and earnings. For the quarte...

Updated : 2016.07.29 11:19

Korea expands tax breaks to spur jobs

(Yonhap)The South Korean government will expand through a legal revision its policy to provide more tax breaks for corporate research and development costs and employment as a means to develop the cou...

Updated : 2016.07.28 17:37

Loan rates drop to record low in June

[THE INVESTOR] The interest rate on residential property-backed loans dropped to a record low in June, Band of Korea data showed on July 28.According to the BOK, the average interest rate on residenti...

Updated : 2016.07.28 17:12

[Herald Interview] Korea Post to invest more in foreign, alternative assets

Calling low growth and low interest rates “the new normal” for Korea, the head of Korea Post, Korea’s second-largest investor that manages 108 trillion won ($96 billion), said it will direct more m...

Updated : 2016.07.28 16:32

Capital gains tax on stock sales to be widened from April 2018

[THE INVESTOR] The capital gains tax on profits reaped from sale of stocks will be levied on a wider range of shareholders as the government pushes to subject all stock sales to taxation. According to...

Updated : 2016.07.28 15:37