[DISCLOSURE] Korea Exchange requested disclosure from Daewoo Shipbuilding & Marine Engineering Co (042660) regarding reports on a former employee’s embezzlement, on June 15. The amount is estimated to be 18 billion won ($15.3 million). Due to the inquiry, trading of DSME stocks have been suspended, KRX announced in a separate statement.

[DISCLOSURE] Hyundai Mipo Dockyard Co. (010620) will be disposing all of its shares of KCC Corp (002380), it announced on June 14. It will sell 397,000 shares of its affiliate through an after-hours block sale, its first asset disposal to break through its crisis.

[DISCLOSURE] Sungshin Cement Co. (004980) said on June 14 that the Fair Trade Commission had imposed 21.8 billion won ($18.6 million) on it as a penalty surcharge for fixing market share.

[DISCLOSURE] KTB Investment & Securities (030210) said on June 14 that the Korean Veterans Association’s action against the company has been dismissed. The association had filed for 30 billion won ($25.6 million) in compensation for damages, but the court had ruled in favor of KTB, citing no grounds for a lawsuit.

[DISCLOSURE] KSS Line (044450) will guarantee a 79.8 billion won ($68 million) loan for its special purpose corporation KS Shipholding SA, it announced on June 14. It is a performance guarantee to build a gas carrier for Hyundai Heavy Industries (009540), and amounts to 37.62 percent of KSS Line’s equity capital.

[DISCLOSURE] Korea Flange Co. (010100) will guarantee a 46.9 billion won ($40 million) loan for its affiliated company Seouhan Auto Mexico, it announced on June 14. This amounts to 17.03 percent of its equity capital. 

[DISCLOSURE] KCC Corp (002380) will close its shareholders’ registry from July 1-7 to determine the shareholders entitled to interim dividends, it announced on June 14.

[DISCLOSURE] Hyundai Motor (005380) will close its shareholders’ registry to determine entitled shareholders, it announced on June 14.

[DISCLOSURE] Sambu Construction Industrial Co. (001470) will publicly announce on June 15 that it will go on sale in an open bid under a workout program, the company said in a statement on June 14.

[DISCLOSURE] Schnell Biopharmaceuticals (003060) announced on June 14 that it had issued a privately placed convertible bond worth 11.4 billion won ($97.2 million).

[DISCLOSURE] Hankuk Carbon Co. (017960) said on June 14 that its contract with Hyundai Heavy Industries (009540), worth 31 billion won ($26.4 million), has been cancelled. The metal tank manufacturer was to supply ultra-low temperature cold insulating material for HHI’s LNG transport vessels.

[DISCLOSURE] Lotte Food (002270) said that Korea Investment Value Asset Management Co. has newly acquired 5.07 percent of its shareholdings, in a statement on June 14. The purchase of 69,427 shares is solely for investment, said the food company.

[DISCLOSURE] Nippon Steel & Sumitomo Metal Corporation sold half of its shares of Posco (005490), bringing down the percentage of shareholding from 5 percent to 4.18 percent, Posco disclosed on June 14. The top Japanese steel manufacturer sold 750,000 shares, worth 163.8 billion won, through an after-hours block sale, and also plans to sell the rest.

[DISCLOSURE] SK Telecom (017670) will close its shareholders’ registry from July 1-10 to determine the shareholders entitled to interim dividends, it announced on June 14.

[DISCLOSURE] Halla Holdings Corp. (060980) announced on June 14 that it will establish Halla MTIS Co. as its subsidiary. It will own 51 percent of the shares of its new car parts manufacturing subsidiary.

[DISCLOSURE] In a statement on June 14, Exem (205100) announced that its affiliate company Cloudine will be merged into the firm. In a separate statement, the software developer said it will close its list of stockholders from June 30 to July 6 to confirm shareholders with rights to oppose the merger.

[DISCLOSURE] Young Heung Iron & Steel Co. (012160) will be reducing its capital by 4.5 billion won ($3.8 million) to 47.41 billion won, it said in a statement on June 14. It will cancel 9.49 percent of its common stocks.　

[DISCLOSURE] Korea Electric Terminal Co. (025540) announced on June 14 that it would close its list of stockholders from July 1-10 to confirm shareholders with rights to quarterly dividends.

[DISCLOSURE] Chinyang Holdings Corporation (100250) announced Tuesday that it would close its list of stockholders from July 1-10 to confirm shareholders with rights to quarterly dividends. 　

[DISCLOSURE] In a statement on Monday, Cheil Worldwide Inc (030000) said its talks of sales to French advertising company Publicis have broken down. It announced that it has failed to reach a conclusion on seeking cooperation with global agencies and that there was no ongoing agenda with a third party.