[THE INVESTOR] Air Busan, the budget carrier affiliated with Asiana Airlines that is seeking an initial public offering next year, said on Sept. 19 it has recently purchased its own shares worth 12 billion won (US$11 million) from Meritz Fire and Marine Insurance. It is the company’s first share buyback since its establishment in 2007. The company said it purchased 399,000 shares or 3.99 percent of its shares from Meritz on Sept. 13, paying 30,000 won per share. Considering the book value of the

[THE INVESTOR] Asiana Airlines, the nation’s second-largest flag carrier, plans to purchase six new aircrafts next year spending 582.2 billion won (US$520 million). According to the company’s recent report to the Financial Supervisory Service, the company will operate a total of 81 air planes by the end of next year. This year, the company plans to adopt 11 aircrafts, including two A380 jumbo jets, for 648.1 billion won.Asiana Airlines’ A380 jumbo jetAsiana was using loans worth 4.27 trillion wo

[THE INVESTOR] KTB Investment and Securities on Sept. 20 forecast that Hyundai Motor, the nation’s largest carmaker, will see its third-quarter operating profit decline 7.3 percent to 1.39 trillion won (US$1.20 billion). Its revenue was also estimated to drop 5.3 percent to 22.17 trillion won. “The key factor is that its domestic plants have seen a 23.4 percent decrease in production,” the securities firm said in a report. “The carmaker’s profitability will be affected by marketing and administr

CJ E&M (130960) KRW 66,300 ▲600(1.83%)Komipharm (041960) KRW 41,950 ▲350(1.68%)Paradise (034230) KRW 16,100 ▲50(0.62%)Kakao (035720) KRW 80,700 ▲200(0.5%)Kolon Life Science (102940) KRW 163,900 ▲100(0.12%)　(Based on foreigners’ net buying)　By HeRo (hero@heraldcorp.com)　This article is produced by the algorithm developed by the artificial intelligence developer ThinkPool in collaboration with Herald Corp.

SK Telecom (017670) KRW 218,500 ▲1,500(1.38%)Hyundai Motor (005380) KRW 137,500 ▲500(0.73%)SK (034730) KRW 207,500 ▲500(0.48%)Naver (035420) KRW 858,000 ▲2,000(0.47%)Kia Motors (000270) KRW 44,350 ▲100(0.45%)Samsung Electronics (005930) opened at 1,559,000 won, up 12,000 won or 1.54 percent from a day before. Among other KOSPI stocks, KB Financial Group (105560) was down 3.12 percent to start at 38,200 won and Samsung Life Insurance (032830) opened down 2.87 percent at 103,000 won. 　(Based on fo

[THE INVESTOR] GM Korea said on Sept. 19 it will sell 10 units of its new Chevrolet Aveo compacts via Auction, a local online shopping site affiliated with eBay Korea, on Sept. 26. This is the first time in Korea that a carmaker has decided to sell vehicles online. Even though the unprecedented online car sale seems more like a marketing activity, industry watchers say other carmakers could follow suit considering consumer reaction, especially among youngsters who prefer online shopping rather t

[THE INVESTOR]  GE Korea said on Sept. 19 it has named Kim Ok-jin, chief operating officer, as the first chief executive officer of GE Power Systems Korea, a new business division of GE Power Korea. GE Power Systems Korea is a new entity set up after GE Power acquired the heart recovery steam generator business from Doosan Engineering and Construction in August this year. Kim Ok-jinThe production facilities are located in Changwon, South Gyeongsang Province, and Hi Phong in Vietnam. Kim joined G

[THE INVESTOR]  SK hynix, the nation’s No. 2 chipmaker, was named the most favored stock for foreigners this year, while institutional investors preferred Samsung Card. Samsung Electronics was the least favored stock for both foreign and institutional investors. According to FN Guide, a local fund tracker, foreign investors have purchased SK hynix shares worth 1.05 trillion won (US$950 million) this year as of Sept. 12, elevating the price by 25 percent to 37,800 won. Other top stocks based on f

[THE INVESTOR]  Yuanta Securities on Sept. 19 forecast SK hynix’s third-quarter operating profit could beat analysts’ projections, raising the stock target price to 50,000 won (US$45) from the previous 42,000 won. “SK hynix’s third-quarter operating profit will be 650 billion won. That may beat analysts’ estimates of 567.1 billion won,” said the securities firm. “Its NAND business is expected to have made a turnaround while its DRAM business is also cutting costs.”NAND flash memory chips are use

KOSPI　Individuals +254 million KRWForeigners +252 million KRWInstitutions -509 million 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.

Hugel(145020) KRW 456,100 ▲6,400(2.85%)GS Homeshopping(028150) KRW 161,800 ▲1,500(1.87%)Medytox(086900) KRW 432,000 ▲2,700(1.26%)LOEN Entertainment(016170) KRW 71,500 ▲300(0.84%)Viromed(084990) KRW 122,700 ▲500(0.82%)　(Based on foreigners’ net buying)　By HeRo (hero@heraldcorp.com)　This article is produced by the algorithm developed by the artificial intelligence developer ThinkPool in collaboration with Herald Corp.　

LG Display(034220) KRW 28,400 ▲500(3.58%)AmorePacific(090430) KRW 384,000 ▲6,000(3.17%)SK hynix(000660) KRW 38,350 ▲550(2.91%)Naver(035420) KRW 853,000 ▲12,000(2.85%)AmorePacific Group(002790) KRW 154,000 ▲1,000(1.31%)(Based on foreigners’ net buying)　By HeRo (hero@heraldcorp.com)　This article is produced by the algorithm developed by the artificial intelligence developer ThinkPool in collaboration with Herald Corp.　

[THE INVESTOR] Samsung Electronics has suspended TV commercials for the recalled Galaxy Note 7 smartphone, with no deadline set for resumption, industry sources said on Sept. 13. At the request of Samsung, the nation’s top three broadcasting stations -- KBS, MBC and SBS -- have decided to stop airing the commercials that will be replaced with those for the company’s other electronics products such as refrigerators and TVs. Other cable TV channels are also not airing the commercials now.  A scree

[THE INVESTOR] KB Investment & Securities on Sept. 13 raised the possibility that Samsung Electronics could advance the launch of its next flagship smartphone, tentatively called Galaxy S8, earlier than planned following the recall of the Galaxy Note 7. “Smartphone demands have polarized: advanced and emerging markets, and premium and budget phones,” said Kim Sang-pyo, an analyst at the securities firm. “If Samsung’s flagship smartphone launch is delayed to the end of the first quarter of next y

[THE INVESTOR]  The Canadian government on Sept. 12 (local time) issued a recall of Samsung Electronics’ Galaxy Note 7 smartphone, urging customers to register for an exchange program immediately. This is the first time that a government has issued a recall on the Note phone since the company announced it was recalling about 2.5 million phones globally on Sept. 2. “The Samsung Note 7 smartphone battery has the potential to overheat and burn, posing a potential fire hazard,” Health Canada, the fe

[THE INVESTOR] NH Investment and Securities on Sept. 13 predicted that Samsung Electronics’ third-quarter operating profit will stand at about 7.4 trillion won (US$6.7 billion). The securities firm estimated the recent recall of the Galaxy Note 7 Note could cost the Korean tech giant 1.2 trillion won in the July-September period alone. The operating profit of the mobile business division will drop to 2.7 trillion won, the firm said. “The Note recall would affect the fourth-quarter earnings negat

SK Materials (036490) KRW 141,800 ▲3,400(4.91%)Paradise (034230) KRW 15,800 ▲300(3.87%)Caregen (214370)  KRW 110,600 ▲2,000(3.68%)CJ E&M (130960) KRW 66,700 ▲1,000(3.04%)Celltrion (068270) KRW 108,400 ▲1,400(2.62%)　(Based on foreigners’ net buying)By HeRo (hero@heraldcorp.com)　This article is produced by the algorithm developed by the artificial intelligence developer ThinkPool in collaboration with Herald Corp.　　

Hyundai Heavy Industries (009540) KRW 136,500 ▲3,000(4.49%)Samsung C&T (028260) KRW 144,500 ▲3,000(4.24%)Samsung SDS (018260) KRW 147,000 ▲3,000(4.17%)SK hynix (000660) KRW 37,700 ▲700(3.78%)POSCO (005490) KRW 228,500 ▲4,000(3.56%)　(Based on foreigners’ net buying)By HeRo (hero@heraldcorp.com)　This article is produced by the algorithm developed by the artificial intelligence developer ThinkPool in collaboration with Herald Corp.