[DISCLOSURE] KEPCO (015760) announced on July 27 that its second-quarter electric power sales inched up 0.5 percent to 12.3 trillion won (US$10.86 billion) from the same period last year. The volume of power sales increased 1.5 percent on-year to 118,028GWh.

[DISCLOSURE] Kia Motors (000270) will invest 514 billion won (US$453.58 million) to build a new Global Business Center building in Samseong-dong, Seoul, it announced on July 27. This amounts to 2.1 percent of its equity capital.

[DISCLOSURE] Medytox (086900) announced on July 27 that it will increase its short-term borrowings by 14 billion won (US$12.34 million) to finance capital spending and to secure short-term liquidity. This amounts to 12.34 percent of its equity capital.

[DISCLOSURE] Nexen Tire (002350) reported on July 27 that its second-quarter operating profit came in at 69.5 billion won (US$61.28 million), up 24.9 percent from the same period last year. Sales rose 5.6 percent on-year to 493.1 billion won.

[DISCLOSURE] Hyundai Heavy Industries (009540) reported on July 27 that its second-quarter operating profit came in at 557.2 billion won (US$491.31 million), returning to black. Sales dropped 17.4 percent on-year to 9.86 trillion won while net profit turned to black with 392.3 billion won.

[DISCLOSURE] LG Innotek (011070) announced on July 27 that it has decided to invest US$20 million in its wholly-owned subsidiary LG Innotek Vietnam Hai Phong to establish a new camera module manufacturing venture. This amounts to 1.3 percent of its equity capital.

 [DISCLOSURE] Hansol Paper (213500) reported on July 27 that its second-quarter operating profit surged 124 percent to 42.2 billion won (US$37.21 million) from the same period last year. Sales came in at 384.2 billion won, up 3 percent on-year and net profit spiked 140 percent to 16 billion won.

[DISCLOSURE] LG International (001120) reported on July 27 that its second-quarter operating profit came in at 56.3 billion won (US$49.64 million), jumping 86 percent from the same period last year. Sales fell 11.2 percent to 2.85 trillion won while net profit surged 380.1 percent to 30.6 billion won.

[THE INVESTOR] Naver's messaging subsidiary LINE Corp. reported on July 27 that its operating profit in the first half of this year came in at 13.37 billion yen (US$126.77 million).

[DISCLOSURE] Hyundai Engineering & Construction (000720) announced on July 27 that its operating profit in the second quarter rose 5.5 percent to 268.4 billion won (US$236.66 million) from the same period last year. Its sales slipped 2.7 percent down to 4.69 trillion won while its net profit increased 16.4 percent to 167.7 billion won.

[THE INVESTOR] LG Display (034220) announced on July 27 that its second-quarter operating profit plunged 90.9 percent to 44.4 billion won (US$39.08 million) from the same period last year. Its sales fell 12.7 percent to 5.86 trillion won on-year. By Hwang You-mee (glamazon@heraldcorp.com)

[DISCLOSURE] Cymechs (160980) announced on July 26 that it has signed a 10.22 billion won (US$9 million) contract with Samsung SDS (018260) to supply EFEM for facility automation. This amounts to 18.44 percent of the tool automation specialist's revenue last year. 

[THE INVESTOR] Despite the seemingly limitless rise of Korean entertainers in and out of country, their companies are still finding it difficult to go public. The most recent bad news came from DreamT Entertainment. The management company of popular band Girls Day has withdrawn its plans to merge with Golden Bridge SPAC No.4 and list the firm, according to data released by Korea Exchange on July 25.  DreamT Entertainment's popular band Girls DayAlthough the company posted 16.1 billion won (US$14

[DISCLOSURE] Hyundai Motor (005380) will invest 1.41 trillion won (US$1.25 billion) to build a new Global Business Center building in Samseong-dong, Seoul, it announced on July 26. This amounts to 2.1 percent of its equity capital.

[DISCLOSURE] ST Pharm (237690) reported on July 26 that its second-quarter operating profit soared 548.2 percent to 31.21 billion won (US$27.48 million) from the same period last year. Its sales leaped 129.8 percent to 69.77 billion won and net profit surged 621.5 percent to 23.72 billion won.

[DISCLOSURE] Daehwa Pharmaceutical (067080) announced on July 26 that it will acquire 866,537 shares of its affiliate Redox Bio at 4.33 billion won (US$3.81 million). This amounts to 7.02 percent of its equity capital and will be done by participating in a capital increase allocated to a shareholder. It will wholly own the bio medical equipment manufacturing affiliate.

[DISCLOSURE] Hansae (105630) announced on July 26 that it has acquired 5,059,806 shares of MK Trend (069640) at 119 billion won (US$145.7 million), and it now owns 40 percent stake of the apparel maker. This amounts to 27.96 percent of its equity capital.

[DISCLOSURE] Singapore’s sovereign wealth fund GIC Private Limited announced on July 26 that it owns 1,120,471 shares (5.093 percent stake) of defense company LIG Nex 1 (079550) as of July 20.

[DISCLOSURE] CJ Seafood (011150) reported on July 26 that its second-quarter operating profit dropped 47.9 percent to 641 million won (US$564,410) from the same period last year. Its sales inched up 8.9 percent to 40.5 billion won while net profit jumped 98.1 percent to 1.27 billion won.

[DISCLOSURE] Daelim C&S (004440) reported on July 26 that its second-quarter operating profit slipped 1.3 percent down to 15.86 billion won (US$13.97 million) from the same period last year. Its sales dropped 8.6 percent to 72.88 billion won while net profit increased 23 percent to 10.24 billion won.