[DISCLOSURE] Paikkwang Industrial (001340) has decided to sell 38,501 shares of its own for 6 billion won (US$5.1 million), it announced on June 28. This follows an increase in exchangeable stocks due to adjustment in exchange price.

[DISCLOSURE] Pharmicell (005690) announced on June 28 that its 1.7 billion won (US$1.4 million) contract with Vindhya Organics to supply materials for AIDS treatment has been canceled, as the client had notified revocation of contract.

[DISCLOSURE] KG Inicis (035600) will sell 1,329,005 shares of its own for 17.7 billion won (US$15 million) in an after-hours block deal to participate in Payco O2O business, it announced on June 28. Payco is a payment service provided by NHN Entertainment (181710).

[DISCLOSURE] SY Panel (109610) announced on June 28 that it will offer its land worth 20.4 billion won (US$17.3 million) as collateral for its affiliate SY Tech’s 17 billion won debt. This amounts to 40.29 percent of its equity capital.

[DISCLOSURE] Hansol Seentec (099660) will issue stocks worth 19.8 billion won (US$16.8 million) to finance operations, the power plant builder announced on June 28. The subscription will be open to public and the issue price is 1,455 won. The listing date is Sept. 21.

[DISCLOSURE] Sewon (024830) will guarantee a 26 billion won (US$22 million) debt of its affiliate Sewon America, the auto parts company announced on June 28. This amounts to 14.5 percent of its equity capital.

[DISCLOSURE] Sigong Tech (020710) has received a 6.3 billion won (US$5.3 million) construction order from Ministry of Strategy and Finance, the company announced on June 28. This amounts to 8.73 percent of its recent revenue.

[DISCLOSURE] Nexturn (089140) has signed a 19.9 billion won (US$16.8 million) contract with China’s LENS Technology (Changsha) to supply IT machinery it announced on June 28. This amounts to 122.76 percent of its recent revenue.

[DISCLOSURE] Hyundai Merchant Marine (011200) announced on June 28 that its creditor-led workout program period has been extended by one month until July 29. 

[DISCLOSURE] Hyungji Elite (093240) will acquire 40 percent stake of Shanghai Yilite Fashion for 710 million won (US$601,185) to establish a joint venture company in China, it announced on June 28. This amounts to 0.8 percent of its equity capital.

[DISCLOSURE] KC Green Holdings (009440) announced on June 28 that its subsidiary KC Glass & Materials has been selected by Small and Medium Business Administration to run a technology development project. The government will fund 654 million won (US$553,768) for the project.

[DISCLOSURE] Rsupport (131370) has obtained a patent related to voice input/output unit for smart devices, it announced on June 28.

[DISCLOSURE] Advanced Process Systems (054620) has signed a US$40.2 million contract with China’s Wuhan Tianma Microelectronics to supply OLED manufacturing equipment, it announced on June 28. This amounts to 16.01 percent of its recent revenue.

[DISCLOSURE] Korean Reinsurance (003690) reported on June 28 that in May it posted sales of 59.5 billion won (US$50 million), with 39.5 billion in operating profit and 32.9 billion won net profit. The monthly sales was a 23.1 percent increase from the same period last year but the profits decreased by 19 percent and 14.1 percent, respectively.

[DISCLOSURE] Kangstem Biotech (217730) has obtained a patent related to pharmaceutical composition to prevent or treat immune or inflammation diseases, it announced on June 28.

[DISCLOSURE] Samhwa Paint Industrial (000390) has obtained a patent on UV curable type transparent color coating composition for PCM (pre-coated metal), it announced on June 28.

[DISCLOSURE] Dongnam Chemical (023450) announced on June 28 that its agenda to merge with Miwon EOD has been approved at the extraordinary shareholders meeting.

[DISCLOSURE] Gmp (018290) will issue stocks worth 43 billion won (US$36.4 million) for capital increase to finance equipment, operations and others, it announced on June 28. It will offer 15,377,330 shares at 2,800 won each to its shareholders and the listing date is Sept. 13.

[DISCLOSURE] Taeyang C&L (072520) has completed capital reduction, the company announced on June 28. Its capital has reduced to 2.9 billion won (US$2.5 million) from 14.4 billion won and the total number of shares is 28,855,725.

[DISCLOSURE] Ilsung Construction (013360) announced on June 28 that it has received a 26.3 billion won (US$22.3 million) order from Korea Asset in Trust to build a multi-purpose building in Jeju. This amounts to 11.40 percent of its recent revenue.