[THE INVESTOR] LG CNS is selling its car-sharing service Citycar to a local private equity fund Cobaltsky Partners, industry sources said on Sept. 12. The IT solutions unit of LG Group said it has decided to sell its 100 percent stake in its affiliate Everon, the service operator, to Cobaltsky. More details, including the deal price, were not revealed. LG CNS said it would focus more on its flagship IT service business after the sell-off. Everon, established in 2012, has offered a car-sharing se

[THE INVESTOR] Samsung Securities on Sept. 12 predicted that Samsung Electronics’ operating profit in the latter half of this year could be reduced by more than 1 trillion won (US$900 million) following the recall of the Galaxy Note 7 smartphone. The securities firm said the company has been dealing with the recall issue properly, adding that its recent recommendation for customers not to turn on their Note phones due to safety concerns would prevent more accidents. Despite the prompt response,

[THE INVESTOR] LG Chem, the chemicals unit of LG Group, said on Sept. 12 that it will be merging with LG Life Science, its smaller drug-making sister firm, within the year with aims to focus resources into nurturing biotechnology as its new growth engine business. Shareholders of both companies approved the merger plan on the day. The final approval will be made on Nov. 28, with the new entity being launched on Jan. 1 next year. Based on stock prices over the past three months, one LG Life Scien

Komipharm (041960) KRW 50,500 ▲300(1.2%)LOEN Entertainment (016170) KRW 70,500 ▲-300(-0.85%)GS Homeshopping (028150) KRW 160,000 ▲-1,300(-1.61%)Kakao (035720) KRW 79,700 ▲-900(-2.23%)MedyTox(086900) KRW 438,900 ▲-6,000(-2.7%)(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 Household & Health Care (051900) KRW 988,000 ▲9,000(1.84%)Kangwon Land (035250) KRW 39,650 ▲350(1.78%)Samsung Fire & Marine Insurance (000810) KRW 286,500 ▲1,500(1.05%)Amore Pacific (090430) KRW 392,000 ▲2,000(1.03%)Samsung Life Insurance (032830) KRW 106,000 ▲500(0.95%)(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 plans to sell its printer business unit to HP of the US, according to news reports on Sept. 9.The move is said to be in line with Samsung’s efforts to streamline its businesses sprawled around in a range of sectors and put more focus on flagship businesses.Samsung used to be in partnership with the US firm in the printer business in the past. The Korean tech firm told the news media that it could not confirm the news reports on the sale of the printer business.

[THE INVESTOR] Samsung Electronics is expected to secure all batteries for its Galaxy Note 7 smartphone from China’s ATL amid its recall of 2.5 million units using Samsung SDI batteries.　“A high-ranking Samsung official last week asked ATL to increase the monthly supply to 4 million battery cells,” an ATL executive was quoted as saying by Economic Times on Sept. 9. “We have decided to do so.” 　Following its recall decision of Note phones on faulty batteries last week, Samsung announced it would

KOSPIIndividuals +189 million KRWInstitutions -69 million KRWForeigners -118 million KRW　KOSDAQIndividuals +11 million KRWForeigners -5 million KRWInstitutions -5 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.

Komipharm (041960) KRW 49,550 ▲1,000 (4.12%)Caregen (214370) KRW 114,900 ▲1,100 (1.93%)Loen Entertainment (016170) KRW 72,100 ▲600 (1.68%)GS Homeshopping (028150) KRW 159,800 ▲200 (0.25%)Medytox(086900) KRW 432,600 ▲500 (0.23%)　(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 Innovation (096770) KRW 153,000 ▲2,000 (2.65%)KT (030200) KRW 32,000 ▲150 (0.94%)LG Chem (051910) KRW 249,000 ▲1,000 (0.81%)Samsung SDS (018260) KRW 151,500 ▲500 (0.66%)Kor Zinc (010130) KRW 491,500 ▲1,500 (0.61%)　(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 is considering ditching a flat-screen version for its next flagship Galaxy 8 that is expected to come out next year with a curved display only, industry sources said on Sept. 8. The move comes after the Galaxy S7 Edge outpaced its flat-screen sibling in terms of sales. Now the Korean tech giant is promoting the curvy screen as its premium smartphone lineup’s key identity. Sources said the company has already started securing display panels in two sizes -- 5.1 i

[THE INVESTOR] LG Innotek, the parts-making unit of LG Group, and smartphone case maker Spigen Korea are expected to benefit from Apple’s new iPhone 7 that was unveiled on Sept. 7 in San Francisco. “New iPhones have always suffered supply constraints for newly adopted parts in the early days of launch but for the latest iPhone 7 the overall parts supply is more stable than previous years,” said Lee Seung-hyuk, analyst at Korea Investment and Securities. Especially LG Innotek, the sole supplier o

[THE INVESTOR] LG Electronics is considering a capital increase to help out its financially-struggling overseas branches, including those in China and Egypt, Money Today, a local news daily, reported on Sept. 8. According to the report, the company’s sales operations in China and Egypt have paid-in capital already impaired by losses or are unable to cover interest costs with what they earn. LG Electronics China, established in 1995, posted a net loss of 34.7 billion won last year due to sluggish

KOSPIIndividuals +10 million won Foreigners +20 million wonInstitutions -28 million won 　 KOSDAQIndividuals +7 million wonForeigners -1 million wonInstitutions -5 million won 　*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. 　

Com2uS (078340) 112,700 won ▲1,900 (3.43%)Loen Entertainment (016170) 72,000 won ▲800 (2.25%)EO Technics (039030) 85,100 won ▲600 (1.42%)Paradise (034230) 16,400 won ▲100 (1.23%)Caregen (214370) 110,800 won ▲500 (0.91%)*Based on foreigners’ net buyingBy HeRo (hero@heraldcorp.com)This article is produced by the algorithm developed by the artificial intelligence developer ThinkPool in collaboration with Herald Corp.　　

LG Electronics (066570) 53,500 won ▲600 (2.27%)SK hynix (000660) 38,150 won ▲250 (1.32%)LG Chem (051910) 251,000 won ▲1,500 (1.2%)Kia Motors (000270) 42,950 won ▲250 (1.17%)Lotte Chemical (011170)  274,000 won ▲1,500 (1.1%)*Based on foreigners’ net buyingBy 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] Lancy Group, the Chinese apparel company, plans to set up a joint venture with Korea’s KEB Hana Bank to enter the project financing market both in China and Korea, local news service Edaily reported on Sept. 7. According to the report, Hana Bank will acquire a 25 percent stake in Lancy’s 100 million yuan (US$15 million) affiliate that is expected to be renamed as a JV between the two firms.  Screen capture of Lancy Group’s English websiteThe bank will also has the right to appoint

[THE INVESTOR] LG Electronics mobile chief Cho Juno shrugged off the impact of its cross-town rival  Samsung Electronics' Galaxy Note 7 recall on the sales of the company’s new big-screen phone V20. “I’m not sure whether the Galaxy Note 7 recall is a boon for us or not. What’s important is how our product is recognized by consumers,” he said at the phone’s launch event held in Seoul on Sept. 7.  LG Electronics mobile chief Cho Juno speaks at the V20 launch event held in Seoul on Sept. 7. Lee San

[THE INVESTOR] Shinhan Finance Investment on Sept. 7 said that LG Electronics’ third-quarters earnings would miss estimates as the company continues to lose money on sluggish smartphone sales. The securities firm predicted the company’s operating profit during the July-September period to plunge 45 percent to 321 billion won (US$290 million) from the previous quarter. The average market estimate was 382 billion won. For the fourth quarter, the company’s operating profit was estimated to be sligh

[THE INVESTOR] Samsung Electronics is expected to seek a turnaround with its secret weapon “Onyx Black” Galaxy Note 7 in winning back customers on its home turf after a massive recall of the big-screen smartphone globally. According to industry sources on Sept. 7, the Korean tech giant will launch the black-colored Note phone as planned in October in Korea. For the phone’s Aug. 19 launch, the company excluded the black shade from the first launch models in Korea possibly to respond to Apple’s iP