Articles by 정민경
정민경
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Seoul shares drop in late morning trading
[THE INVESTOR] South Korean shares dropped slightly in late morning on Oct. 5, amid uncertainty over the US monetary policy.The benchmark KOSPI ticked down 0.88 point, or 0.04 percent, to 2,053.98 as of 11:20 a.m.Local shares were weak on early trade as both foreign and institutions fretted about the prospect of a Federal Reserve interest rate hike in coming months, following hawkish comments from one of the Fed officials. Top automaker Hyundai Motor retreated 0.36 percent and steelmaker POSCO d
Oct. 5, 2016
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Seoul shares open lower on Oct. 5
[THE INVESTOR] South Korean shares opened lower on Oct. 5, taking a hint from losses on Wall Street. The benchmark KOSPI shed 15.31 points, or 0.75 percent, to 2,039.48 in the first 15 minutes of trading. Stocks were down across the board as investors fretted about the prospect of a US Federal Reserve interest rate hike in coming months.Samsung Electronics fell 0.87 percent, and leading automaker Hyundai Motor lost 1.08 percent.Top cosmetic maker AmorePacific retreated 1.01 percent, and steelmak
Oct. 5, 2016
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Seoul shares close higher on Oct. 4
[THE INVESTOR] South Korean shares ended higher on Oct. 4, as foreign investors turned their interest toward market giants. The Korean won fell against the US greenback.The benchmark KOSPI added 11.23 points, or 0.55 percent, to close at 2,054.86. Trade volume was slim at 314.79 million shares worth 4.83 trillion won (US$4.36 billion), with gainers outnumbering losers 505 to 300.Analysts said an upbeat US manufacturing survey eased concerns about the health of the world’s largest economy and bol
Oct. 4, 2016
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Seoul shares up in late morning trading
[THE INVESTOR] South Korean shares traded slightly higher late morning on Oct. 4, as foreign investors took interest in market giants amid rising tech and auto shares. The benchmark KOSPI added 13.14 points to 2,056.77 as of 11:20 a.m.Tech shares advanced ahead of the third-quarter earnings season.Top market cap Samsung Electronics rose 1 percent as the tech giant was set to release its third-quarter earnings guidance on Oct. 6, and SK hynix, the world’s second-largest chipmaker, increased 3.48
Oct. 4, 2016
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ViroMed earns USFDA approval for phase 2 clinical trials of ALS treatment
[THE INVESTOR] Viromed announced on Oct. 4 that it has obtained approval from the US Food and Drug Administration to enter phase 2 clinical trials of VM202, its amyotrophic lateral sclerosis treatment. The gene therapy developed by the South Korean pharmaceutical company has been classified as an orphan drug by the USFDA during phase 1 clinical trials due to the effectiveness it displayed with ALS patients. The phase 2 trial is expected to last 9 months with 84 patients participating in the proc
Oct. 4, 2016
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FTC revokes hefty corporate penalties over 5 years
[THE INVESTOR] The Fair Trade Commission has canceled a hefty amount of corporate penalties over the past five years as it has been losing lawsuits or lifted them voluntarily, a report showed Oct. 4. In the report submitted to Rep. Park Yong-jin of the main opposition Minjoo Party of Korea for an annual parliamentary audit of its affairs, the antitrust watchdog said the amount of canceled corporate penalties stood at 995.5 billion won (US$903 million) between 2012 and this year.In the first nine
Oct. 4, 2016
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Seoul shares open higher on Oct. 4
[THE INVESTOR] South Korean shares opened higher on Oct. 4, amid rise in tech and auto shares. The benchmark KOSPI scored 8.1 points, or 0.4 percent, to 2,051.73 in the first 15 minutes of trading. Top market cap Samsung Electronics rose 1.19 percent ahead of its third-quarter earnings guidance release on Thursday, and leading automaker Hyundai Motor advanced 2.58 percent.Bio stocks dropped sharply following heavy losses in the previous session. Hanmi Pharmaceutical, the No. 1 player, tumbled 13
Oct. 4, 2016
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Seoul shares close lower on Deutsche Bank concerns
[THE INVESTOR] South Korean stocks ended lower on Sept. 30, as investors were concerned by the unstable financial state of Deutsche Bank. The Korean won fell against the US greenback.The benchmark KOSPI declined 25.09 points, or 1.21 percent, to close at 2,043.63. Trade volume was moderate at 317 million shares worth 5.6 trillion won (US$5.10 billion), with losers outnumbering gainers 654 to 169.The local stock market opened lower following a sharp decline on Wall Street. Worries mounted over t
Sept. 30, 2016
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Seoul shares drop in late morning trading
[THE INVESTOR] South Korean shares traded lower late morning on Sept. 30, as financial stocks retreated amid concerns surrounding financial state of Deutsche Bank.The benchmark KOSPI shed 16.4 points, or 0.79 percent, to 2,052.32 as of 11:20 a.m.Large caps traded mixed with market kingpin Samsung Electronics adding 0.06 percent, and global chipmaker SK hynix up 1.62 percent.KB Financial Group fell 0.26 percent and Shinhan Financial Group declined 0.74 percent Top automaker Hyundai Motor fell 1.0
Sept. 30, 2016
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Boehringer Ingelheim terminates contract with Hanmi Pharma
[DISCLOSURE] Hanmi Pharmaceutical (128940) said on Sept. 30 that the contract regarding its lung cancer treatment HM61713 with German pharmaceutical firm, Boehringer Ingelheim has been terminated.The German company will be returning its license obtained in 2015, but Hanmi Pharma is not obligated to refund the contract fee worth US$65 million.(theinvestor@heraldcorp.com)
Sept. 30, 2016
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Seoul shares open lower on Sept. 30
[THE INVESTOR] South Korean shares started lower on Sept. 30, following a sharp drop on Wall Street. The benchmark KOSPI fell 19.48 points, or 0.94 percent, to 2,049.24 in the first 15 minutes of trading.Most large caps traded lower with market kingpin Samsung Electronics falling 0.38 percent.Top automaker Hyundai Motor declined 1.79 percent and top steelmaker POSCO slipped 1.09 percent. Naver, the operator of the country’s top internet portal, shed 4.22 percent. The local currency was trading a
Sept. 30, 2016
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Seoul shares hit yearly high on OPEC deal
[THE INVESTOR] South Korean stocks closed at the highest rate of the year on Sept. 29, as investors reacted positively to OPEC’s decision on oil output. The Korean won fell against the US greenback. The benchmark KOSPI rose 15.66 points, or 0.76 percent, to close at 2,068.72. Trade volume was moderate at 411 million shares worth 4.3 trillion won (US$3.91 billion), with gainers outnumbering losers 470 to 332.The local stock market opened higher after OPEC members reached a surprise agreement to c
Sept. 29, 2016
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‘Korea Sale Festa’ kicks off with huge discounts
[THE INVESTOR] The government launched a nationwide shopping event on Sept. 29, with planned promotions, cultural and entertainment events.The massive shopping campaign called “Korea Sale Festa” runs until Oct. 9, involving major retailers, manufacturers and traditional markets, while cultural and entertainment programs for foreign travelers will be held throughout October. Samsung Electronics promotes its products for Korea Sale Festa. Samsung ElectronicsThe shopping festival is jointly hosted
Sept. 29, 2016
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LG Electronics supplies video screens to Orlando airport
[THE INVESTOR] South Korean electronics maker, LG Electronics said Sept. 29 that it plans to supply 1,050 large video screens to the Orlando International Airport. LG said 350 commercial video screens will be installed at the Orlando airport for way-finding from the check-in areas to concessions and other conveniences to security checkpoints. About 700 videowall screens will be installed at the airport to create a huge digital display wall behind airline counters, LG said. “The massive Orlando v
Sept. 29, 2016
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Seoul shares rise in late morning trading
[THE INVESTOR] South Korean shares rose during late morning trading on Sept. 29, bolstered by energy-related stocks gaining strength on OPEC’s decision to reduce oil output. OPEC headquarters in Vienna, Austria. OPEC The benchmark KOSPI rose 15.85 points, or 0.77 percent, to 2,068.91 as of 11:20 a.m.Large caps traded mixed with market kingpin Samsung Electronics adding 2.11 percent, and global chipmaker SK hynix down 2.31 percent.SK Innovation, the nation’s No. 1 oil refiner, jumped 6.51 percen
Sept. 29, 2016
