[DISCLOSURE] Widwin Networks (043220) announced on July 1 that Jeong Yong-won has been named as its new CEO. Former CEO Byeon Tae-woong has stepped down for personal reasons. The company will close its shareholders’ registry from July 19-25 for the extraordinary shareholders meeting scheduled for Aug. 12, it announced in a separate statement.

[DISCLOSURE] Sebang (004360) has decided to sell its land and building in Seoul to its affiliate Sebang Global Battery for 42 billion won (US$36.5 million) to improve financial structure, it announced on July 1.

[DISCLOSURE] SY Panel (109610) has decided on a cash dividend of 150 won (US$0.13) per share, it said on July 1. The total amount will be 893 million won and the record date for payment is July 21.

[DISCLOSURE] S&TC (100840) has signed a US$2.1 million contract with Hyundai Engineering to supply generation equipment, it announced on July 1. It also has signed a US$16.8 million contract with Petroleum Development Oman to supply air coolers, it said in a separate statement.  These amount to 0.91 percent and 7.46 percent of its recent revenue, respectively.

[DISCLOSURE] Dongbang Ship Machinery (099410) announced on July 1 that it will merge with its wholly owned subsidiary Dongbang Shipbuilding at 1:0 ratio for management efficiency. The due date for the merger is Sept. 5.

[DISCLOSURE] Samhwa Networks (046390) has signed a 11.1 billion won (US$9.6 million) contract to produce weekend drama series “That's the Way It Is” for SBS, it announced on July 1. This amounts to 56.03 percent of its recent revenue. The series written by veteran screenwriter Kim Soo-hyun will have 54 episodes.

[DISCLOSURE] Caregen (214370) has signed a US$1.3 million contract with AJ Research & Pharma to supply hair loss prevention and hair growth products for exclusive sales in Malaysia, it announced on July 1. This amounts to 4.3 percent of its recent revenue.

[DISCLOSURE] Camus Engineering & Construction (013700) has signed a 18.1 billion won (US$15.7 million) contract with CJ Engineering & Construction to supply precast concrete for a new IKEA store in Goyang, Gyeonggi Province, it announced on July 1. This amounts to 13.6 percent of its recent revenue.

[DISCLOSURE] Halla (014790) has received a 220 billion won (US$191.1 million) order to build infrastructure in Siheung, Gyeonggi Province, it announced on July 1.

[DISCLOSURE] Samsung Pharmaceutical (001360) has signed a 4.4 billion won (US$3.8 million) contract with PICO Entech to supply anti-hangover products, it announced on July 1. This amounts to 10.44 percent of its recent revenue.

[DISCLOSURE] NHN Entertainment (181710) announced on July 1 that its transfer date for Webzen (069080) stake has changed to July 15 from July 7 upon the request of Fungame, the other party of the contract. NHN will sell its entire stake (6,795,143 shares) to the affiliate of the Chinese company for 203.8 billion won (US$177.1 million).

[DISCLOSURE] Interflex (051370) announced on June 30 that it has signed a trust contract for monetary claim with NH Investment & Securities entrusting them with confirmed receivables worth 56.4 billion won (US$48 million), to repay debt and improve financial structure.

[DISCLOSURE] Gemini Investment (019570) announced on July 1 that it has taken over 204,711 shares of Sungjee Construction (005980) for 1.5 billion won (US$1.3 million) from the construction company’s affiliate Ivy Club. This amounts to 9.28 percent of its equity capital. The investment company’s stake increased to 2.5 percent (243,704 shares).

[DISCLOSURE] Sun Technologies (122800) announced on June 30 that KBW Investments, headed by Prince Khaled bin Alwaleed of Saudi Arabia, will participate in its US$10 million capital increase.

[DISCLOSURE] Naturecell (007390) will issue convertible bonds worth 5 billion won (US$4.3 million) to finance operations, the company announced on June 30. The maturity date is July 19, 2019 and the conversion price is 6,214 won.

[THE INVESTOR] Korea’s current account surplus in May surged to the highest figure since September 2015, the central bank said on July 1. The current account surplus at US$10.36 billion last month was a large increase from a $3.37 billion surplus in April, and marks a $2.04 billion increase from the same period last year, according to the Bank of Korea’s preliminary data. Asia’s fourth-largest economy has posted a current account surplus for 51 consecutive months.(theinvestor@heraldcorp.com)

 [DISCLOSURE] KEC Holdings (006200) will guarantee a 10.8 billion won (US$9.4 million) debt of its subsidiary KEEC, it announced on June 30.

[DISCLOSURE] Dongbu Hitek (000990) is seeking for a preferred bidder to sell off Dongbu Steel Structure and wants to pull out from the business, the company announced on June 30 but did not provide any specifics, in response to Korea Exchange’s inquiry regarding media reports saying Hitek will sell its stake in its steel affiliate. 

[THE INVESTOR] South Korea’s current account surplus in May surged to the highest figure since September 2015, the central bank said on July 1. The current account surplus at US$10.36 billion last month was a large increase from a $3.37 billion surplus in April, and marks a $2.04 billion increase from the same period last year, according to the Bank of Korea’s preliminary data. Asia’s fourth-largest economy has posted a current account surplus for 51 consecutive months.(theinvestor@heraldcorp.co

[DISCLOSURE] Dongbang Ship Machinery (099410) will increase its short-term borrowings by 17 billion won (US$14.7 million) to improve financial structure and to repay its loan, it announced on June 30. This amounts to 49.2 percent of its equity capital and the total amount of its short-term borrowings is 24.7 billion won.