Articles by Lee Ji-yoon
Lee Ji-yoon
jylee@heraldcorp.com-
Note 7 disaster's opportunity cost estimated at over W3tr
[THE INVESTOR] Samsung Electronics on Oct. 14 estimated the opportunity cost of its ongoing Galaxy Note 7 recall at about mid 3 trillion won (US$2.6 billion) in the coming months. The announcement comes after the Korean tech giant earlier this week slashed its third-quarter earnings estimates to reflect the direct recall cost of about 4 trillion won. Samsung is recalling about 2.6 million units of the fire-prone Note phones, including 1.9 million in the US, 500,000 in Korea and 190,000 in China,
Oct. 14, 2016
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Shareholding by investor group on Oct. 14
KOSPIForeigners +88 M KRWInstitutions -16 M KRWIndividuals -75 M KRWKOSDAQ Individuals +57 M KRWForeigners -6 M KRWInstitutions -35 M KRW *As of 9:01 a.m. By HeRo (hero@heraldcorp.com) This article is produced by the algorithm developed by the artificial intelligence developer ThinkPool in collaboration with Herald Corp.
Oct. 14, 2016
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Top stocks to watch on Oct. 14
[THE INVESTOR] Samsung Electronics (005930) started at 1,548,000 won, down 0.13 percent from the previous trading day. Naver (035420) and SK hynix (000660) opened up, while AmorePacific was down 2,500 won to start at 374,500 won. KOSPI Naver (035420) KRW 841,000 ▲14,000(3.39%)SK hynix(000660) KRW 41,600 ▲650(3.17%)Lotte Chemical (011170) KRW 301,000 ▲4,500(3.04%)LG Electronics (066570) KRW 50,900 ▲700(2.79%)Hana Financial Group (086790) KRW 30,400 ▲400(2.67%) KOSDAQ Komipharm (041960) KRW 43,00
Oct. 14, 2016
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Samsung issues second recall of Galaxy Note 7 in US
[THE INVESTOR] Samsung Electronics on Oct. 13 issued a second recall of its latest fire-prone Galaxy Note 7 smartphone in the US following the first one announced a month ago. The Korean tech giant said it was voluntarily recalling the bigger-screen flagship phones, including all original and replacement devices, sold or exchange in the US before and after the first recall on Sept. 15.About 1.9 million phones, including those recalled during the first recall, are being recalled in the US alone.
Oct. 13, 2016
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Full-screen displays to make up 17% of smartphone OLED panels in 2017
[THE INVESTOR] Full-screen displays that are widely rumored being adopted by Samsung Electronics and Apple will make up 17 percent of organic light-emitting diode panels for smartphones in 2017, a local research firm said on Oct. 13. UBI Research added that the mobile adoption of more futuristic displays, including rollable and foldable screens, could surge to almost 60 percent by 2020.According to industry sources, Samsung and Apple, the world’s top two smartphone makers, are currently working
Oct. 13, 2016
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Samsung lowers third-quarter earnings estimates
[THE INVESTOR] Samsung Electronics on Oct. 12 lowered its third-quarter earnings estimates following the sales and production suspension of its latest Galaxy Note 7 smartphone. Its July-September operating profit was lowered from 7.8 trillion won (US$6.90 billion) to 5.2 trillion won, while revenue was also down from 49 trillion won to 47 trillion won. The operating profit is a 29.63 percent plunge from a year ago. The company said the estimated figures have been adjusted to reflect losses follo
Oct. 12, 2016
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[EQUITIES] Samsung’s Galaxy Note 7 recall costs surge to W2tr: Samsung Securities
[THE INVESTOR] Samsung Securities said on Oct. 12 that Samsung Electronics ’ recall costs for the Galaxy Note 7 smartphone could surge to 2 trillion won (US$1.80 billion), almost doubling from the earlier estimates. The securities firm had estimated that the recall of 2.5 million Note phones could cost 1 trillion won in the fourth quarter. But it raised the figure, following the company’s ultimate sales and production suspension of the fire-prone flagship smartphone on Oct. 11. Samsung Securitie
Oct. 12, 2016
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Shareholding by investor group on Oct. 12
KOSPI Institutions +398 M KRWIndividuals +245 M KRWForeigners -641 M KRWKOSDAQ Individuals +94 M KRWInstitutions -44 M KRWForeigners -46 M KRW *As of 9:01 a.m. By HeRo (hero@heraldcorp.com) This article is produced by the algorithm developed by the artificial intelligence developer ThinkPool in collaboration with Herald Corp.
Oct. 12, 2016
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Top stocks to watch on Oct. 12
[THE INVESTOR] Samsung Electronics (005930) started at 1,495,000 won, down 45,000 won or 5.83 percent from the previous trading day. Battery makers LG Chem (051910) and SK Innovation (096770) also started lower at 233,500 won and 161,500 won, respectively. KOSPI Samsung SDS(018260) KRW 160,000 ▲1,500(1.89%)Naver(035420) KRW 870,000 ▲8,000(1.86%)Amore Group(002790) KRW 164,000 ▲1,500(1.85%)AmorePacific(090430) KRW 374,000 ▲3,000(1.62%)KEPCO(015760) KRW 51,400 ▲400(1.57%)KOSDAQ Paradise(034230) KR
Oct. 12, 2016
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Samsung makes official Galaxy Note 7 production halt
[THE INVESTOR] Samsung Electronics on Oct. 11 announced it has decided to stop the production of its Galaxy Note 7 smartphone following the fire-prone phone’s sales suspension due to safety concerns. “We had adjusted the phone’s supplies for a thorough inspection but has finally decided to stop the production for consumer safety,” the company said in a regulatory filing on the day. The announcement comes after the Korean tech giant announced the suspension of the Note phone’s sales and replace
Oct. 11, 2016
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Ssangyong looks to China for first overseas plant
[THE INVESTOR] Ssangyong Motor announced on Oct. 11 that it will establish a joint venture with China’s Shaanxi Automobile Group in the country. The Chinese automotive company signed a letter of intent on establishing a JV, and the two companies will conduct a feasibility study, the automaker owned by India’s Mahindra and Mahindra said. If the two companies go ahead with the plans, it will be Ssangyong Motor’s first production base outside South Korea. Ssangyong Motor CEO Choi Johng-sik (left) a
Oct. 11, 2016
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Samsung to recall 200,000 Galaxy Note 7 phones in China
[THE INVESTOR] Samsung Electronics is recalling almost 200,000 Galaxy Note 7 smartphones in China following the company’s decision to halt sales and replacement of the bigger-screen phone due to safety concerns. The Korean tech giant excluded China when it announced the first recall of 2.5 million Note phones in September, saying the phones sold in China used different batteries from those that caught fire while charging.But the situation has been reversed in recent weeks as there have been seve
Oct. 11, 2016
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Samsung shares tumble on Galaxy Note 7 sales halt
[THE INVESTOR] Shares of Samsung Electronics tumbled on Oct. 11 following the company’s decision to suspend the sales of its latest Galaxy Note 7 smartphone over safety concerns. The stock price closed at 1,545,000 won (US$1,380), down 8.04 percent or 135,000 won from the previous trading day. Shares of the phone’s key suppliers were also down. Patron, the camera module maker using iris recognition technologies, and Amotech, the wireless charging module supplier, were especially hit hard by the
Oct. 11, 2016
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SK Networks acquires Tongyang Magic for W610b
[THE INVESTOR] SK Networks, a trading unit of SK Group, is acquiring Tongyang Magic, a local home appliance maker whose flagship products include water purifiers, for 610 billion won (US$550 million). According to industry sources on Oct. 11, the company was planned to sign a sale and purchase agreement with Tongyang’s largest shareholders Glenwood Private Equity and NH Private Equity, both based in Korea, later in the day. Considering the Glenwood-NH consortium acquired the company for about 28
Oct. 11, 2016
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Samsung shares close slightly lower on Galaxy Note 7 production halt
[THE INVESTOR] Shares of Samsung Electronics went on a wild ride on Oct. 10 after news reports that US telecom carriers have decided to stop selling its Galaxy Note 7 replacement phones over safety concerns. The stock price closed at 1,680,000 won (US$1,515), down 1.52 percent from the previous trading day.Earlier in the day, the price tumbled to 1,628,000 won following another news report that Samsung was suspending the production of the Note phones at its Korean and Vietnamese plants.The compa
Oct. 10, 2016
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