[DISCLOSURE] Samsung Fire & Marine Insurance (000810) announced on Aug. 26 that it will hold IR sessions for foreign institutional investors in Singapore and Hong Kong on Aug. 30 and Sept. 1-2. (theinvestor@heraldcorp.com)

[DISCLOSURE] Cristal New Material (900250) reported on Aug. 26 that its CEO Dai Ja Long has acquired 80,000 shares, increasing his stake by 0.1 percent point to 38.3 percent.(theinvestor@heraldcorp.com)

[THE INVESTOR] Nearly ten bidders turned in letters of intent for the sale of Hollys F&B, the operator of coffee chain Hollys Coffee, at the preliminary bidding that closed Aug. 25, according to news reports.Although the names and prices are to remain undisclosed, strategic investors from China and Thailand as well as financial investors from South Korea, mainland China and Hong Kong showed interest, according an official from Hollys. Hollys Coffee shop in Vietnam opened last yearDeutsche Bank i

[THE INVESTOR] SsangYong Engineering & Construction announced on Aug. 25 that it recently received two full turnkey orders. It won an 81.3 billion won order to improve swell waves at the Pohang harbor, and will oversee the whole process from engineering to construction. SssangYong also received a 132.7 billion won (US$118.4 million) construction order for the metropolitan water supply pipelines in May, the first turnkey project in the country for the company since it merged with Investment Corpo

[DISCLOSURE] Hyundai Mipo Dockyard (010620) reported on Aug. 25 that its sales in July fell 18.3 percent to 254.9 billion won (US$227.41 million) from the same period last year.(theinvestor@heraldcorp.com)

[DISCLOSURE] Hyundai Heavy Industries (009540) announced on Aug. 25 that its sales in July declined 14.71 percent to 1.62 trillion won (US$1.44 billion won) from the same period last year. The amount of orders fell 45.64 percent to US$4.92 billion.(theinvestor@heraldcorp.com)

[THE INVESTOR] LG Chem and Samsung SDI have completed preparations for certification from the Chinese government as electric vehicles battery manufacturers, according to Herald Business on Aug. 25. The South Korean battery-makers are awaiting the fifth round of certifications, which is expected to start accepting applications between the end of August and early September. Despite their leading technologies and strong international market share, they both failed to receive certification at the fo

[DISCLOSURE] Sungdo Engineering & Construction (037350) announced on Aug. 25 that its trust contract with Hyundai Securities for a 2 billion won (US$1.78 million) repurchase has expired. The company will take back its own shares and cash.(theinvestor@heraldcorp.com)

[DISCLOSURE] Megastudy Education (072870) announced on Aug. 25 that it will absorb its wholly-owned subsidiary MBest Education to improve management efficiency.  (theinvestor@heraldcorp.com)

[DISCLOSURE] NHN Entertainment (181710) acknowledged media reports that said it is reviewing taking over McDonald’s Korea with KG Group but did not provide any specifics, in a statement released on Aug. 25 in response to Korea Exchange’s inquiry regarding the matter.(theinvestor@heraldcorp.com)

A signing ceremoy between Iljin Electric and Siemens held in Paris.  Iljin Electric[THE INVESTOR] Iljin Electric signed a memorandum of understanding with Siemens to jointly develop an environmentally friendly gas-insulated switchgear at a Council on Large Electric Systems 2016 session in Paris, it announced Aug. 25. The South Korean company and its German partner will develop a 170-kilovolt gas-insulated switchgear to use vacuum interrupter and dry air technologies, a first in the world. The sw

[THE INVESTOR] The top 20 South Korean pharmaceutical companies’ exports reached 710.6 billion won (US$634.8 million) in the first half of this year, an 18 percent increase from the same period last year, according to the Financial Supervisory Service’s report Aug. 25.The export amount accounted for 14.4 percent of total revenue, up from last year’s 13.7 percent. LG Life Science led the growth with 100 billion won in sales overseas, which accounted for over 40 percent of its total revenue. Deman

[THE INVESTOR] South Korea's home furnishing company Hanssem is entering China set to start business next year, it announced Aug. 25. The company established a corporation in Shanghai with 30 billion won (US$26.8 million) capital stock earlier this year, estimated to amount to 7 percent of its equity capital. About 30 employees from the headquarters are conducting market research and business feasibility, according to media reports, aiming to start selling furniture and kitchenware to Chinese co

[DISCLOSURE] Shinhan Financial Group (055550) announced on Aug. 24 that it will issue contingent convertible bonds worth 200 billion won (US$178.10 million) to improve BIS capital ratio.(theinvestor@heraldcorp.com)

[DISCLOSURE] NS Shopping (138250) announced on Aug. 24 that it has participated in its affiliate NF’s capital increase with allotment to shareholders and will invest 120,000 common stocks worth 6 billion won (US$5.34 million). (theinvestor@heraldcorp.com)

[DISCLOSURE] NS Shopping (138250) announced on Aug. 24 that it has acquired 30,000 shares of its affiliate Hans Convergence for 5.02 billion won (US$4.47 million) from another affiliate Jeil Holdings in an outside dealing. It now owns the entire stake of the company. (theinvestor@heraldcorp.com)

[DISCLOSURE] MS Autotech (123040) announced on Aug. 24 that it will guarantee a 12 billion won (US$10.69 million) debt of its subsidiary MyungShin Industry and 4.8 billion debt of another subsidiary MyungShin. The total amounts to 18.03 percent of its equity capital. (theinvestor@heraldcorp.com)

[DISCLOSURE] Hana Financial Group (086790) announced on Aug. 24 that it has decided to add Hana-SK Fintech, a joint venture with SK Telecom, as its subsidiary. The equity capital is 50 billion won (US$44.52 million) and it owns 51 percent stake of the company.(theinvestor@heraldcorp.com)

[THE INVESTOR] Celltrion announced Aug. 24 the Korea Intellectual Property Tribunal found Biogen’s rituximab patent invalid on Aug. 23.The South Korean biopharmaceutical company contested the move to challenge the validity of Biogen’s patents related to its Rituxan, an original of its cancer-treatment biosimilar Truxima, in 2015. Biogen holds three patents related to the blockbuster drug that raked in US$7.3 billion won across the world last year, and this leaves only one out of five patents rel

[DISCLOSURE] LG Hausys (108670) announced on Aug. 24 that it has failed with bid to acquire Continental Structural Plastics, a US manufacturer of lightweight materials for vehicles. The industrial materials manufacturer has participated in the final round of bid to acquire the US company although its affiliate LG Chem has pulled out as its partner. (theinvestor@heraldcorp.com)