Articles by 윤정현
윤정현
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Kukdo Chemical to issue W20b corporate bonds
[DISCLOSURE] Epoxy and polyamide resins manufacturer Kukdo Chemical (007690) announced on Oct. 4 that it is issuing corporate bonds worth 20 billion won (US$18.10 million) with maturity date on Sept. 30, 2019, to acquire a factory site in Busan. By Yun Jeong-hyeon (clareyun@heraldcorp.com)
Oct. 4, 2016
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Boryung Pharma to commercialize Aplidin from Spain
[DISCLOSURE] Boryung Pharmaceutical (003850) reported on Oct. 4 that it has signed a technology introduction contract with PharmaMar of Spain for rights to launch and commercialize Aplidin, a treatment option for multiple myeloma, in Korea. By Yun Jeong-hyeon (clareyun@heraldcorp.com)
Oct. 4, 2016
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Korea Zinc signs W40b supply, purchase contracts with Young Poong
[DISCLOSURE] Korea Zinc (010130), which manufactures and markets non-ferrous metal products, announced on Sept. 30 that it has signed a private contract with its parent company Young Poong to provide lead and silver bullion worth 2 billion won (US$1.82 million) and purchase raw material worth 38 billion won.By Yun Jeong-hyeon (clareyun@heraldcorp.com)
Sept. 30, 2016
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Korea to induce steel, petrochemicals firms to restructure
[THE INVESTOR] The South Korean government said on Sept. 30 that it will encourage local steel and petrochemicals manufacturers to restructure in pursuit of higher value-added products. Besides facility downsizing, steel and petrochemicals companies will be induced to implement mergers and acquisitions for such uncompetitive products as thick plates, steel tubes, terephthalic acid and polystyrene, under the government's campaign to strengthen their competitiveness and sustainability in the globa
Sept. 30, 2016
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Hyundai Rotem wins W203b train order
[THE INVESTOR] Hyundai Rotem, the train-making unit of Hyundai Motor Group, reported on Sept. 30 that it has signed a 203 billion won (US$185 million) contract to supply train cars to Tunisia.The South Korean firm will supply 112 train cars starting in the second half of 2018 under the contract with the Tunisian government, the company said. A rendering image of Hyundai Rotem's train car. Hyundai RotemHyundai Rotem also won a similar deal, valued at 168 billion won, from Tunisia in 2007. With th
Sept. 30, 2016
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Singsong Holdings’ subsidiary to take W10b loan
[DISCLOSURE] Singsong Holdings (006880) announced on Sept. 29 that its subsidiary Singsong Food has decided on a 10 billion won (US$9.09 million) short term borrowing to secure budget for its trust fund. This amounts to 10.9 percent of its equity capital, and will be invested in Koramco’s professional private real estate investment trust No. 42.By Yun Jeong-hyeon (clareyun@heraldcorp.com)
Sept. 29, 2016
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New Note 7’s iris recognition compatible with Kookmin Bank’s services
[THE INVESTOR] The iris-recognition capability of the new Galaxy Note 7 smartphone by Samsung Electronics is expected to allow customers to use mobile banking services by Kookmin Bank, a bank official said on Sept.29. Samsung plans to start sales of the new Note 7 on Saturday in South Korea, about one month after the world’s biggest maker of smartphones announced a global recall of the old Note 7 due to a faulty battery. Samsung will soon announce a partnership with Kookmin Bank and other finan
Sept. 29, 2016
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Korea, Uzbekistan sign MOU on infrastructure projects
[THE INVESTOR] South Korea and Uzbekistan on Sept. 29 signed a memorandum of understanding on new infrastructure projects in the Central Asian country, the Finance Ministry here said.South Korea’s Finance Minister Yoo Il-ho and his Uzbek counterpart Rustam Azimov held a meeting in Seoul to discuss ways to bolster economic cooperation between the two countries and expand the participation of South Korean companies in government-led projects in Tashkent, according to the ministry.Under the MOU, th
Sept. 29, 2016
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Korea’s elderly population ratio hits all-time high in 2015
[THE INVESTOR] The ratio of senior citizens aged 65 and over in South Korea rose to an all-time high in 2015, underscoring the trend that the country’s population is aging at a fast pace, government data showed on Sept.29. According to the data by Statistics Korea, 6.57 million, or 13.2 percent of the country’s population of 49.7 million, excluding foreigners, is aged 65 or older, which is far higher than the 11 percent tallied in 2010.The ratio nearly quadrupled over the past half-century from
Sept. 29, 2016
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Korea to double investment in renewable energy tech
[THE INVESTOR] South Korea will double its investment in renewable energy technology as the country seeks to harness its climate change policy as a new economic growth driver, a senior diplomat said on Sept.29.“With recent low oil prices, the global energy market appears relatively stable, but actually it is in a stage of enormous change,” Lee Tae-ho, deputy minister for economic affairs at the Ministry of Foreign Affairs, said in his opening remarks for Global Energy Security Conference.“It por
Sept. 29, 2016
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Vietnam-focused stock funds keep drawing investment
[THE INVESTOR] Funds that invest in Vietnamese stocks are growingly popular among South Korean investors lured by the nation’s relatively high economic growth, data showed on Sept.29. Those funds drew net inflows of 78.3 billion won (US$72.20 million) in September, up from 50 billion won a month earlier, according to KG Zeroin, a fund evaluation firm here. The amount quite stands out as 27 other overseas stock funds posted net inflows of less than 5 billion won or suffered net outflows.A net tot
Sept. 29, 2016
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Interest rates on personal bank loans decline in Aug.
[THE INVESTOR] Interest rates on new personal bank loans slightly dropped from a month earlier in August and interest on new deposits also dipped, central bank data showed on Sept. 29. The average interest rate on fresh personal loans extended by local banks came to 2.95 percent last month, down 0.01 percentage point from the previous month, according to the Bank of Korea or BOK.The August reading marked the fifth consecutive month of drop. Lower rates could prompt households to borrow more mone
Sept. 29, 2016
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Hyundai Home Shopping, AJ Networks lose bid for Tongyang Magic
[DISCLOSURE] Hyundai Home Shopping Network (057050) and AJ Networks (095570) announced on Sept. 28 that have not been selected as preferred bidders for Tongyang Magic. By Yun Jeong-hyeon (clareyun@heraldcorp.com)
Sept. 28, 2016
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Korean households’ cash reserves shrink in Q2
[THE INVESTOR] Cash reserves of South Korean households made a sharp dip in the second quarter due to increased spending and debt repayment, central bank data showed Sept. 28.Excess funds held by local households, including nonprofit organizations, came to 13.7 trillion won (US$12.40 billion) as of end-June, compared with 24.3 trillion won from three months earlier, according to preliminary data from the Bank of Korea.The on-quarter decrease came as people increased their spending and payments o
Sept. 28, 2016
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Korea’s childbirths drop in July
[THE INVESTOR] The number of childbirths in South Korea were on a downturn at the fastest clip in nearly three years in July, government data showed on Sept. 28.About 33,900 babies were born in July, down 7.4 percent, or 2,700, from 36,600 a year earlier, marking the steepest monthly drop since November 2013, when it posted a 12.3 percent on-year plunge, according to the data from Statistics Korea.The number of marriages fell 10.2 percent on-year to a 10-month low of 21,200 in July, while 8,700
Sept. 28, 2016
