[THE INVESTOR] South Korean shares traded higher late morning on Aug. 8, backed by positive US job data that eased concerns about the pace of an economic slowdown. The benchmark KOSPI rose 4.77 points, or 0.24 percent, to 2,022.71 as of 11:20 a.m.Large caps traded mixed with market kingpin Samsung Electronics adding 0.19 percent, and global chipmaker SK hynix down 0.86 percent.Top carmaker Hyundai Motor was flat, and its smaller affiliate Kia Motors traded 0.12 percent higher.POSCO, the No. 1 st

[THE INVESTOR] South Korean shares opened higher on Aug. 8 following improved sentiment on Wall Street. The benchmark KOSPI rose 7.48 points, or 0.37 percent, to 2,025.42 in the first 15 minutes of trading.Large caps traded mixed with market kingpin Samsung Electronics gaining 0.19 percent.Top automaker Hyundai Motor fell 0.38 percent, and major chipmaker SK hynix rose 0.38 percent. Kia Motors, an affiliate of Hyundai Motor, rose 0.61 percent. The local currency was trading at 1,115.35 won again

[DISCLOSURE] KRX said on Aug. 5 that it will extend its inspection period by 15 days on whether debt-heavy Daewoo Shipping & Marine Engineering (042660) is eligible to stay listed on the nation’s benchmark stock exchange KOSPI. The firm’s shares will be banned from trading until the date of announcement.

[THE INVESTOR] South Korean shares advanced on Aug. 5 as the Bank of England’s monetary easing measures boosted risk appetites among foreigners. The Korean won rose against the US dollar.The benchmark KOSPI scored 17.91 points, or 0.9 percent, to 2,017.94. Trade volume was slim at 286.19 million shares worth 4.11 trillion won (US$3.69 billion), with losers slightly outnumbering winners 408 to 404.Foreign investors scooped up local equities after the Bank of England’s rate cut and stimulus packag

[DISCLOSURE] Namhae Chemical (025860) announced on Aug. 5 that is has made a 10.8 billion won (US$9.70 million) foreign currency fixed deposit in its affiliate NongHyup Bank.The interest rate is 1.46 percent and the redemption date is Aug. 4, 2017.

[THE INVESTOR] South Korean shares traded 0.54 percent higher late morning on Aug. 5 as foreign investors welcomed the Bank of England’s interest rate cut and stimulus package. The benchmark KOSPI added 10.89 points to 2,010.92 as of 11:20 a.m.A rally in tech shares lifted the index. Market kingpin Samsung Electronics increased 2.24 percent, and chip giant SK hynix advanced 2.38 percent. Cosmetic shares, which heavily rely on exports to China, were down as Seoul’s relations with Beijing have sou

[THE INVESTOR] South Korean stocks opened higher Aug. 5 led by gains in tech heavyweights. The benchmark KOSPI added 8.23 points, or 0.41 percent, to 2,008.19 in the first 15 minutes of trading.Tech shares were among the top gainers. Samsung Electronics increased 0.86 percent, and chip giant SK hynix advanced 1.63 percent. Cosmetic shares, which heavily rely on exports to China, were down as Seoul’s relations with Beijing have soured over the deployment of the advanced US anti-missile system on

[THE INVESTOR] South Korean shares closed higher on Aug. 4 as crude oil rebounded after US inventories data showed a drop in gasoline stockpiles. The Korean won firmed against the US dollar.The benchmark KOSPI rose 5.24 points, or 0.26 percent, to 2,000.03. Trade volume was moderate at 322.82 million shares worth 3.58 trillion won (US$3.21 billion), with winners outnumbering gainers 464 to 320.Local shares got off to a strong start following a positive lead from Wall Street as rebounding oil pri

[THE INVESTOR] South Korean shares traded 0.18 percent higher late morning on Aug. 4 as crude oil rebounded after US inventories data showed a drop in gasoline stockpiles.The benchmark KOSPI gained 3.53 points to 1,998.32 as of 11:20 a.m.Chemical shares led the gains after West Texas Intermediate crude jumped 3.3 percent to settle at $40.83 a barrel on Aug. 3, after declining 5 percent over the previous two sessions. SK Innovation, the nation‘s largest refiner, jumped 3.87 percent, and No. 3 S-O

[THE INVESTOR] South Korean stocks opened higher on Aug. 4 as crude oil rebounded after US inventories data showed a drop in gasoline stockpiles.The benchmark KOSPI scored 7.37 points, or 0.37 percent, to 2,002.16 in the first 15 minutes of trading.Chemical shares led the gains after West Texas Intermediate crude jumped 3.3 percent to settle at $40.83 a barrel on Aug. 3, after declining 5 percent over the previous two sessions. SK Innovation, the nation’s largest refiner, jumped 3.17 percent, an

[THE INVESTOR] South Korean share prices took a hit on Aug.3 on declining crude oil prices, with the benchmark KOSPI ending below the 2,000 point mark.The Korean won weakened against the US dollar, closing at 1,117.6 won against the US dollar, down 7.6 won from Aug. 2.123rfThe benchmark KOSPI shed 1.2 percent, to 1,994.79. Trade volume was at 476.05 million shares worth 4.24 trillion won (US$3.82 billion), with losers far outnumbering gainers 556 to 253.The tech-heavy KOSDAQ ended 0.37 percent l

[DISCLOSURE] Hyundai Securities (003450) said on Aug. 3 that it plans to swap shares at a ratio of 1:0.1907312 with KB Financial Group (105560) to become a wholly owned subsidiary. The price is 35,474 won (US$31.82) per share for KB and 6,766 won per share for Hyundai Securities. Hyundai added that it plans to hold a shareholders meeting on the matter on Oct. 25.

[THE INVESTOR] South Korean stocks opened lower on Aug. 3 on plummeting crude oil prices. The benchmark KOSPI dropped 20.17 points, or 1.0 percent, to 1,998.86 in the first 15 minutes of trading.Most shares across the board were trading bearish.Top market capSamsung Electronics fell 0.68 percent, and SK Innovation, the nation’s largest refiner, dropped 2.05 percent.Auto shares dipped as a stronger local currency fueled concerns over its competitiveness in the overseas market.Leading automaker Hy

[THE INVESTOR] South Korean shares closed lower on Aug. 2 as falling oil prices dampened investprs’ appetite. The Korean won fell against the US dollar, snapping a five-day winning streak. The benchmark Korea Composite Stock Price Index lost 10.58 points, or 0.52 percent, to 2,019.03. Trade volume was moderate at 406.73 million shares worth 4.27 trillion won (US$3.84 billion), with losers outnumbering gainers 468 to 348.Local equities slipped from this year’s highest as crude oil fell below $40

[THE INVESTOR] South Korean shares traded 0.39 percent down in late morning on Aug. 2, with chemical shares leading the way.The benchmark Korea Composite Stock Price Index lost 7.91 points to 2,022.07 as of 11:20 a.m.Shares across the board traded bearish as institutions dumped local shares. Petrochemical shares slid as US crude on Aug. 1 fell below $40 per barrel for the first time since April on concerns over a supply glut. Top refiner SK Innovation decreased 2.33 percent, and No. 3 S-Oil retr

[THE INVESTOR] South Korean stocks opened lower on Aug. 2 as falling oil prices dented chemical stocks. The benchmark Korea Composite Stock Price Index shed 6.3 points, or 0.31 percent, to 2,023.31 in the first 15 minutes of trading.Petrochemical shares fell as US crude on Aug. 1 fell below $40 per barrel for the first time since April on concerns over a supply glut. Top refiner SK Innovation decreased 1.33 percent, and No. 3 S-Oil slipped 1.41 percent. Cosmetics shares rebounded following heavy

[THE INVESTOR] South Korean shares closed higher on Aug. 1, as foreigners scooped up market heavyweights after lackluster US economic data abated expectations for an interest rate hike in the coming months. The Korean won rose to the highest level since June 2015 against the greenback. The benchmark Korea Composite Stock Price Index added 13.09 points, or 0.67 percent, to 2,029.61. Trade volume was moderate at 341.3 million shares worth 4.66 trillion won (US$4.20 billion), with losers outnumberi

[THE INVESTOR] South Korean shares traded 0.67 percent up in late morning on Aug. 1, with tech shares leading the gains. The benchmark Korea Composite Stock Price Index scored 13.43 points to 2,029.62 as of 11:20 a.m.Samsung Electronics surged 2.14 percent, continuing its rally after posting robust second-quarter earnings, and chip giant SK hynix advanced 1.31 percent.Auto shares were also in the positive terrain. Industry leader Hyundai Motor increased 1.89 percent, and its sister company Kia M

[DISCLOSURE] KC Cottrell (119650) said on Aug. 1 that is has signed a 51.4 billion won (US$46.20 million) construction deal regarding supply of flue gas desulfurization in Vietnam. The deal accounts for 27.51 percent of the firm’s 2015 revenue and will expire Feb. 28, 2019.

[THE INVESTOR] South Korean share prices opened higher on Aug. 1 following gains on Wall Street.The benchmark Korea Composite Stock Price Index rose 10.32 points, or 0.51 percent, to 2,026.51 in the first 15 minutes of trading.Tech shares led the gains. Samsung Electronics surged 2.14 percent, continuing its rally after posting robust second-quarter earnings, and chip giant SK hynix advanced 1.74 percent.Auto shares were also in the positive. Hyundai Motor increased 1.14 percent, and its sister