[THE INVESTOR] Samsung’s security solutions division S1 is making inroads in Mongolia, building a total security system at the capital’s new airport, it announced Aug. 22.The company won the order in 2013 and is establishing a system that includes CCTV, immigration control and X-ray scanners at the Ulaanbaatar airport slated to open in 2018. S1 is looking to expand into overseas markets, especially in China, and expects the Mongolian project to pave the way. Its Chinese affiliate posted 1.2 bill

[THE INVESTOR] Boditech Med announced Aug. 22 that it has received approval from the Japanese Ministry of Health, Labor and Welfare to sell its tester able to detect both A and B type influenza viruses. More than 100 times more sensitive in diagnosis than existing testers, it takes three to 10 minutes to show results, down from 10 to 15 minutes, according to the company.  Boditech Med's tester able to detect both A and B type influenza viruses. Boditech MedFollowing approval, the testers will go

[DISCLOSURE] Kwanghee Reit (140910) announced Aug. 22 that it has acquired private real estate investment trust securities worth 5 billion won (US$4.45 billion) from Koramco.This amounts to 8.4 percent of its equity capital. By Park Yuna (yunapark@heraldcorp.com)

[THE INVESTOR] E-mart announced Aug. 22 that it has signed an agreement with Metro China to supply its private label items worth US$15,000. The largest discount seller in South Korea will introduce four items from its No Brand range, a no-frills lineup of its own, to be sold from September. This is the first time E-mart is exporting the range to an overseas offline store, not at E-mart branches, and the retail giant expects to be the stepping stone to diversify the distribution channels. E-mart’

[DISCLOSURE] Posco Daewoo (047050) announced on Aug. 19 that its profit in the first half of this year from the offshore gas fields A-1 and A-3 have decreased 25.8 percent from the previous half to 264.8 billion won (US$238.80 million). It also announced that it has reached 500 million cubic feet daily gas production target since December 2014. Its profit, however, decreased due to the drop in oil price, and usual low demand in gas in the second quarter, and spending in maintenance. By Hwang You

[DISCLOSURE] Asiana Airlines (020560) announced on Aug. 19 that it will invest 20 billion won (US$18.04 million) in its subsidiary Air Seoul’s capital increase allotted to shareholders. The total amount of its investment will reach 35 billion won. By Hwang You-mee (glamazon@heraldcorp.com)

[THE INVESTOR] South Korean “cosmeceutical” brand Dr. Jart opened its first flagship store in China in Shanghai, it announced Aug. 19. Located on the first floor of Super Brand Mall, the largest shopping complex in the city, it showcases about 45 major items, including brightening cream, mask sheets and its best-selling range Ceramidin. Dr. Jart had been available only at multi-brand cosmetics store Sephora’s branches in China. The 11-year-old brand has expanded to 17 countries, including the US

[DISCLOSURE] China Ocean Resources (900050) announced on Aug. 19 that it will issue 3 million stocks worth 12 billion won (US$10.82 million) and offer to Ocean Ample Overseas and a Hong Kong investment firm owned by its largest stakeholder Zhang Hou Li’s son to solve its financial difficulties. By Hwang You-mee (glamazon@heraldcorp.com)

[THE INVESTOR] Hyundai Rotem has collected 83.5 billion won (US$74.7 million) in outstanding payments from a railway project in Iran, according to news reports Aug. 19.It signed a contract in 2004 with Raja, a public enterprise under the national Islamic Republic of Iran Railways, to supply 150 diesel trains. The company started delivering trains in 2007, but as the US imposed sanctions against Iran, the project was halted and payment was interrupted. As economic sanctions on Iran were lifted in

[THE INVESTOR] Celltrion has entered the final stage to introduce its biosimilar Remsima to the US following a favorable verdict from a US federal court in a patent infringement suit with Janssen Biotech, it announced Aug. 19.The South Korean biopharmaceutical company has commenced shipment for the replica of Janssen’s Remicade, a rheumatic arthritis and autoimmune disease treatment, to accelerate the release of the drug in the US, the largest biologics market in the world. Celltrion and its sal

[THE INVESTOR] UP Chemical, a manufacturer of key components for SK Hynix, will be acquired by Chinese chemical company Jiangsu Yoke Technology. Woori Renaissance Consortium has selected a consortium of the tech company and Huatai United Securities as the preferred bidder for the sale of the South Korean semiconductor maker, according to investment bank sources. The Chinese consortium will acquire 65.12 percent stake owned by Woori as well as 31.16 percent stake from company founder Shin Hyeon-g

[THE INVESTOR] Hana Asset Management has taken over the North American headquarters building of Danish pharmaceuticals company Novo Nordisk for US$350 million, it announced Aug. 18. It has joined hands with three South Korean securities firms -- Hana Financial Investment, Mirae Asset Daewoo and HMC Investment Securities -- to form a private equity fund specializing in real estate, having made an investment of about half the purchase. The rest of the fund has been delivered through a loan with th

[DISCLOSURE] Samsung Life Insurance (032830) announced on Aug. 18 that it will take over 6,132,246 shares of Samsung Securities (016360) from Samsung Fire & Marine Insurance (000810) at 234.25 billion won (US$211.24 million). It will own 19.16 percent stake of the securities firm. By Hwang You-mee (glamazon@heraldcorp.com)

[DISCLOSURE] CNPlus (115530) announced on Aug. 18 that it will sell its building and site in Incheon worth 13 billion won (US$11.76 million) to Osung Midicom to improve financial structures. This amounts to 25.32 percent of its total assets.

[DISCLOSURE] Arion (058220) announced on Aug. 18 that it will issue 165,000 new shares for a capital raise with third-party allotment to finance 1 billion won (US$904,404) operation funds. The issue price is 6,060 won and the stocks will be listed on Sept. 6.

[THE INVESTOR] Hwaseung Enterprise announced Aug. 18 that it turned in a registration statement to the Financial Services Commission on Aug. 17 and will start the subscription process to be listed on the stock market. Hwaseung Enterprise is a holding company established in November last year to list its Vietnamese subsidiary Hwaseung Vina on the South Korean stock market. Hwaseung Vina is an original development manufacturer for Adidas and Reebok and owns the largest production facility in Vietn

[THE INVESTOR] Daewoo Shipbuilding and Marine Engineering announced on Aug. 17 that it will deliver two drillships to the Angolan state-run oil firm Sonangol EP by Sept. 30. The ships were to be delivered in June and July, respectively, but the deliveries have been delayed as the state-owned company had problems paying for the ships. Sonangol paid 300 billion won (US$271 million) when it signed a contract for the two ships in 2013 and should pay the remaining 1 trillion won upon delivery of the

[THE INVESTOR] South Korean biologics company Medytox recorded 50 billion won (US$45.1 million) turnover in the first half this year, its best so far, according to industry sources on Aug. 18.The company best known for Meditoxin, its own version of Botox, and Innotox, a liquid form of the botulinium toxin, sold the flagship products to the tune of 8.4 billion won in the second quarter alone, up 44 percent on-year. Another major product filler’s sales overseas hiked 132 percent to 11.2 billion wo

[THE INVESTOR] EBay Korea and AmorePacific signed an agreement on a joint business plan to strengthen ties, the online shopping giant announced Aug. 18. EBay Korea operates the country’s largest online distribution platform that consists of Gmarket, Auction and G9, through which the leading cosmetics company will offer beauty products from its major brands as well as living goods ranges. In addition to smart delivery service, an exclusive lineup for online sales and collaboration projects are al

[THE INVESTOR] Lotte and Shilla duty-free stores dominated the industry, showing the strongest-ever performance in the first half of this year. According to Financial Supervisory Service data on Aug. 18, Hotel Lotte’s revenue in the duty-free division came to 2.73 trillion won (US$2.47 billion), up 27.8 percent on-year in the first half, accounting for 47.3 percent share in the Korean duty-free sales market. Operating profit edged up 1.4 percent to 232.6 billion won. Shilla Duty-free Store at Ch