The Korea Herald

5 firms bid for Hanjin’s US-Asia assets

Oct 28, 2016

[ THE INVESTOR ] Five potential buyers including SM Group have submitted their preliminary bids for troubled Hanjin Shipping’s Asia-US route, industry sources said on Oct. 28. “We will decide on p...
Hanmi Pharma delays phase 3 trials of diabetes treatments until 2017

Oct 28, 2016

[ THE INVESTOR ] South Korea’s Hanmi Pharmaceutical will embark on Phase 3 clinical trials of its long-acting diabetes treatments in 2017, the company said on Oct. 27. The late-stage study on so...
Samsung SDI to buyback W289b worth shares

Oct 27, 2016

[DISCLOSURE] Samsung SDI (006400), an affiliate of Samsung Electronics, said on Oct. 27 that it will purchase treasury stocks worth 298 billion won (US$261.17 million) to level up the stock price. ...
Samsung Engineering turns to black in Q3

Oct 27, 2016

[DISCLOSURE] Samsung Engineering (028050), South Korea’s largest builder of engineering projects, swung to an operating profit of 53.2 billion won (US$46.62 million) in the third quarter, the compa...
Celltrion Healthcare to ship W260b worth Inflectra to US

Oct 27, 2016

[ THE INVESTOR ] South Korea‘s Celltrion Healthcare will ship 260 billion won (US$227.81 million) worth of a Remicade biosimilar developed by its affiliate Celltrion to the US by the end of 2016,...
NPS to pour W1tr more into local stocks this year

Oct 27, 2016

[ THE INVESTOR ] South Korea’s state-run National Pension Services, which oversees over 540 trillion won (US$473 billion), will pour 1 trillion won into local equities by the end of this year, the ...
Hanmi Pharma’s Q3 operating profit plunges 62%

Oct 27, 2016

[ THE INVESTOR ] South Korean drug maker Hanmi Pharmaceutical said on Oct. 27 that its operating profit plunged 61.6 percent in the third quarter compared with the previous year when the firm’s r...
Naver’s Q3 revenue breaks W1tr mark

Oct 27, 2016

[ THE INVESTOR ] South Korean internet giant Naver on Thursday reported that its third-quarter revenue surged 20.5 percent on-year to reach 1.01 trillion won ($890 million), led by growing sales...
Naver maintains 30% dividend payout ratio

Oct 27, 2016

[ THE INVESTOR ] Naver , South Korea’s top internet portal operator, will continue to maintain a dividend payout ratio of 30 percent, the company said on Oct. 27. “Since 2009, we have been givin...
Korean institutional investors fund Air France

Oct 26, 2016

[ THE INVESTOR ] South Korea’s two institutional investors have made an investment in aircraft financing for French flag carrier Air France, according to sources on Oct. 26. Public Officials Bene...
Sungjee Construction merges with IB Pharm

Oct 26, 2016

[ THE INVESTOR ] Sungjee Construction , South Korea’s midsized builder, has decided to merge with its subsidiary IB Pharm in a bid to diversify its business portfolio to the pharmaceutical sector...
CLIO to tap deeper into Chinese cosmetics market

Oct 24, 2016

[ THE INVESTOR ] South Korea’s cosmetics maker CLIO, which seeks to get listed on the Seoul bourse next month, will target China’s growing color makeup market, the firm said on Oct. 24. “Cosmetic...
Great Rich Technologies to debut on KOSDAQ

Oct 24, 2016

[ THE INVESTOR ] China’s Great Rich Technologies got approval on Oct. 24 from the Korea Exchange to list on South Korea’s secondary KOSDAQ market. The stock trading will kick off on Oct. 25 with t...
Korea’s air carriers to log solid Q3 earnings: analyst

Oct 24, 2016

[ THE INVESTOR ] South Korea’s major air carriers Korean Air Lines , Asiana Airlines and Jeju Air are expected to beat earnings estimates in the third quarter thanks to rising air traffic and...
France’s DCNS eyes French unit of STX Offshore

Oct 21, 2016

[ THE INVESTOR ] France’s state-run shipyard DCNS is mulling a bid to acquire STX France, the French unit of South Korea’s troubled shipyard STX Offshore & Shipbuilding which is under court receive...