[THE INVESTOR] Some 50 top Samsung Group executives on Sept. 28 attended a special lecture on the global trend of shareholder activism and policies to respond to investors’ growing demands. The lecture was delivered by Goldman Sachs’ Korean chief Chung Hyoung-jin, following their weekly meeting held every Wednesday at the Seoul headquarters. The lecture was reminiscent of the highly publicized proxy battle between Samsung and the US activist hedge fund Elliott Management last year on the then pl

[THE INVESTOR] Hankook Tire, the nation’s largest carmaker, will be supplying original equipment tires to be equipped on Scania’s new trucks from November. With the latest deal, the carmaker is supplying tires to the world’s top three commercial vehicle manufacturers, including Mercedes-Benz and Volkswagen’s MAN Truck. Three key tire products -- e-cube Max, SmartFlex, SmartWork -- will be supplied for Scania’s truck models, including the premium R-Series vehicles.  Scania R-Series truckBy Lee Ji

[THE INVESTOR] South Korea’s Transport Ministry said on Sept. 28 it is starting a new round of recall of 110,000 vehicles with Takata’s air bag inflators that have been linked to deaths and injuries from the ruptures. According to the ministry, about 221,870 vehicles with Takata’s air bags that were produced and sold before 2011 should be recalled here.Since 2013, some 23,000 air bags have been recalled for safety defects as of the first half of this year. An additional 110,000 vehicles produced

[THE INVESTOR] LG Electronics is starting production at its electric vehicle parts plant in Nanjing, China, with the completion ceremony being held on Sept. 28, Donga Ilbo, a local news daily, reported. The new plant is located adjacent to LG Chem’s new EV battery plant whose production started in October last year with an annual production capacity for 50,000 full-electric vehicles. LG’s display-making unit LG Display is also operating a production line exclusive for automotive displays in the

KOSPIIndividuals +34 M KRWInstitutions +10 M KRWForeigners -46 M KRWKOSDAQ　Individuals +6 M KRWInstitutions +2 M KRWForeigners -9 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.

Samsung Electronic (005930) opened at 1,554,000 won, down 9,000 won or 1.15 percent from the previous closing day. Kia Motors (000270) shed 2.04 percent, while Samsung Life (032830) added 1,000 won to start at 104,000 won. 　KOSPI　Samsung Life (032830) KRW 105,000 ▲1,000(1.92%)Naver (035420) KRW 889,000 ▲5,000(1.13%)Samsung Fire & Marine Insurance (000810) KRW 283,500 ▲1,500(1.06%)Hyundai Mobis (012330) KRW 289,500 ▲1,500(1.04%)LG Chem (051910) KRW 245,000 ▲1,000(0.82%)　KOSDAQ　Komipharm (041960) 

[THE INVESTOR] SK Networks was selected as the preferred bidder for Tongyang Magic on Sept. 27.Four bidders including Hyundai Home Shopping had entered final bids. An unnamed finance industry official was quoted by local news outlets as saying that NH Investment and Securities informed SK Networks on Sept. 27, and that the official announcement will be made on Sept. 28.SK Networks is reported to have bid over 600 billion won (US$ 546.92 million) for Tongyang Magic. The three unsuccessful bids ar

[THE INVESTOR] NH Investment and Securities on Sept. 27 raised the target stock price of Innocean Worldwide, an advertising unit of Hyundai Motor Group, to 100,000 won (US$91), citing its growth potential despite uncertainties about the carmaker’s global car sales. The share price closed at 72,400 won on the day, up 1.69 percent or 1,200 won from a day before. The securities firm said Hyundai’s new brand launches, not its car sales, will affect Innocean’s sustainable growth in the coming months.

[THE INVESTOR]  Shares of AmorePacific, the nation’s largest beauty company, were undeterred by a recall of its toothpaste products containing toxic chemicals on Sept. 27. The stock price tumbled once in the earlier trading on the day but it recovered in the afternoon to close at 400,000 won (US$364), up 1,000 won or 0.25 percent, from the previous session. Earlier in the day, the Korea Food and Drug Administration said it has found toxic chemicals -- chloro-methylisothiazolinone and methylisoth

[THE INVESTOR] South Korean beauty giant AmorePacific is recalling 11 toothpaste products containing toxic chemicals that have been blamed for more than 100 deaths here after being used in Oxy’s humidifier sterilizers. The Korea Food and Drug Administration on Sept. 27 said it has found the chemicals -- chloro-methylisothiazolinone and methylisothiazolinone -- in a preservative, called sodium lauryl sulfate, used in the AmorePacific products. Except one, all the products are sold in the market u

[THE INVESTOR] A top Korean hacker who has been working at Samsung SDS over the past year is likely to leave for Google, Chosun Ilbo, a local newspaper, reported on Sept. 27. The 23-year-old Lee Jeong-hoon is considered one of the best white hat hackers, or ethical hackers, in Korea. A team led by him won a social engineering contest at the Defcon security conference held in Las Vegas last year. It was the first time that an Asian team has won the world’s biggest hacking competition. He then joi

[THE INVESTOR]  South Korea’s No. 1 mobile game developer Netmarble Games said on Sept. 26 it will apply for a regulatory review on Sept. 30 before its planned stock debut on the main bourse KOSPI in the coming months. When the company passes the review session that usually takes 45 days, industry watchers predict, its initial public offering could be made in January next year. The market value is priced at about 10 trillion won (US$9 billion). The company has long gauged a stock debut in Korea

KOSPIInstitutions +119 M KRWIndividuals -6 M KRWForeigners -110 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.

Samsung Electronics (005930) opened at 1,550,000 won, down 16,000 won or 2.04 percent from the previous day. AmorePacific Group (002790) and AmorePacific (090430) opened down possibly due to the revelation that their toothpaste products may contain toxic chemicals.　KOSPI　LG Household & Health Care (051900) KRW 1,013,000 ▲6,000(1.19%)Hyundai Mobis(012330) KRW 285,000 ▲1,000(0.7%)LG Chem (051910) KRW 243,000 ▲500(0.41%)KEPCO (015760) KRW 58,600 ▲100(0.34%)Kangwon Land(035250) KRW 39,950 ▲50(0.25%)

[THE INVESTOR] Swedish carmaker Volvo said on Sept. 26 that it will be selling about 5,200 vehicles this year in Korea, a record figure since its entry into the market. Volvo Korea CEO Lee Yoon-mo unveiled the rosy sales outlook during a launch event for the new S90, the carmaker’s flagship sedan, on the day in Incheon. “The XC90, launched in March, is enjoying popularity, selling some 750 units. With the launch of our flagship S90 sedan, we aim to sell about 5,200 vehicles this year,” he told r

[THE INVESTOR] LG Electronics’ sluggish smartphone sales are dragging down growth potential of other parts sister firms, including LG Display and LG Innotek, NICE Investors Service, one of the nation’s three credit rating agencies, said in a recent report. According to the agency, LG Electronics made up the largest 59 percent of LG Group’s electronics-related revenue, followed by LG Display (33 percent), LG Innotek (7 percent) and LG Siltron (1 percent). “The earnings of electronics and parts bu

[THE INVESTOR] Samsung Bioepis is seeking regulatory approval to sell its biosimilar drug referencing AbbVie’s top-selling rheumatoid drug Humira in South Korea. According to industry sources on Sept. 26, the biopharma development unit of Samsung Group has recently submitted its application to the Korean authorities for the sales approval of its Humira biosimilar, called SB5. Sources said the final approval could be granted in the first half of next year. A researcher works at a lab of Samsung B

[THE INVESTOR] Hana Financial Investment on Sept. 26 said that LG Display’s earnings could improve from the fourth quarter largely due to panel price hikes in the coming months. The securities firm said the company’s third-quarter earnings may miss earlier analyst estimates, predicting revenue of 6.1 trillion won (US$5.5 billion) and operating profit of 279.5 billion won. “The third-quarter earnings will be negatively affected by an unfavorable foreign exchange rate and operating loss in the sma

[THE INVESTOR] South Korean regulators are scrutinizing new imported vehicles, especially those running on diesel engines, more closely after the revelation that Volkswagen and Audi cheated on emissions and noise level tests. The certification process used to take about 10 days but it is taking months in the aftermath of Volkswagen’s emissions-rigging scandal that led to a sales ban on some 80 models in August. It took 11 months for Fiat Chrysler Automobiles to get regulatory approval for the la

KOSPIIndividuals -6 M KRWInstitutions -107 M KRWForeigners -109 M KRWKOSDAQIndividuals +8 M KRWInstitutions +5 M KRWForeigners -10 M KRW*As of 9:02 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.