[DISCLOSURE] Interpark Holdings (108790) announced on June 22 that its CEO Kim Dong-eop has resigned and former vice presidents Kang Dong-hwa and Park Jin-yeong will step in as new CEOs. Kim will remain as an internal director.

[DISCLOSURE] Bokwang Industry (225530) sold its 2.5 million shares of Home Center (060560) for 7 billion won (US$6.1 million) to improve liquidity, it announced on June 22. The cement company’s stake decreased to 9.36 percent.The largest shareholder of Home Center has changed from Bokwang to its CEO Park Byeong-jun (11 percent), the construction material company announced in a separate statement.

[DISCLOSURE] Hicel (066980) will issue new stocks worth 6.5 billion won (US$5.6 million) for capital increase with third party allotment, it announced on June 22. To finance its operations, the company will offer 5,271,695 shares at 500 won each to individuals including its largest shareholder.

[DISCLOSURE] E-mart (139480) will rent a building in Gimhae, South Gyeongsang Province, from Shinsegae Inc (004170), it announced on June 22. The discount store chain will pay an annual rent of 11.8 billion won (US$10.2 million) to its sister company.

[DISCLOSURE] Hyosung ITX (094280) has signed a trust contract with Hana Financial Investment to repurchase its own stocks worth 1 billion won (US$0.87 million), the company announced on June 22.

[DISCLOSURE] KC Cottrell (119650) has acquired 51,730 shares (84.8 percent) of Yuyang Technologies, it announced on June 22. It has paid 2.24 billion won (US$1.9 million) in cash for the company that specializes in safety inspection equipment. This amounts to 3.99 percent of its equity capital.

[DISCLOSURE] Hanwha (000880) will issue 20 million preferred stocks for capital increase, it announced on June 22. The stocks will be first offered to shareholders at 5,000 won (US$4.33) per share and the capital will finance the operations.

[DISCLOSURE] Woowon Development (046940) said on June 22 it had no important information to share in response to Korea Exchange’s inquiry regarding the drastic changes in stock prices and trading volumes.

[DISCLOSURE] Hwa Seung Industry (006060) will guarantee a US$10 million won of its Vietnamese affiliate Hwaseung Vina, it announced on June 22. This amounts to 8.94 percent of its equity capital. 

[DISCLOSURE] Samho Development (010960) has signed a 19.3 billion won (US$16.7 million) contract with Hyundai Development Company (012630) for Gimpo subway construction, it announced on June 22.

[DISCLOSURE] Korea Investment Holdings (071050) will lend US$20 million to its affiliate KIS Vietnam Securities Corporation, it announced on June 22. The lending is to fund the subsidiary’s operations and the interest rate is 2.15 percent.

[DISCLOSURE] SsangYong Motor (003620) will hold an IR for overseas institutional investors on June 23 in Yeouido, Seoul, it said on June 22.

[DISCLOSURE] LG (003550) N-Sys has dismissed its CEO Kim Do-hyun on June 15, it announced on June 22. The leading IT solution provider replaced him with LG CNS CEO Kim Young-shub as of June 20, it added.

[DISCLOSURE] Samho International (001880) will assume 13.9 billion won (US$12.1 million) debt of Hangil IND, it announced on June 22. The construction company is taking over the remaining senior debt from its apartment buildings in Daegu.

[DISCLOSURE] Invenia (079950) has obtained a patent on encapsulating apparatus and method for OLED, it announced on June 22.

[DISCLOSURE] Elentec (054210) announced on June 22 that its existing shareholders have oversubscribed its offering that closed on June 21. The mobile phone parts company will issue 4 million stocks at 5,100 won (US$4.42) per share for capital increase and recorded 107.14 percent of subscription. The due date for subscription payment is June 28.

[DISCLOSURE] Kia Motors (000270) will hold an IR for institutional investors on June 24 in Yeouido, Seoul, it said on June 22.

[DISCLOSURE] Celltrion (068270) has signed a 145.6 billion won (US$126.2 million) contract with its affiliate Celltrion Healthcare to supply antibody biosimilar, it announced on June 22.

[DISCLOSURE] Hyundai Paint (011720) reported on June 22 that its 4.4 billion won (US$3.8 million) loan from NH Bank is overdue with an interest of 21.8 million won, due to its failure to extend the repayment date. This amounts to 28.5 percent of its equity capital. The company is negotiating repayment and extension of due date, it added.

[DISCLOSURE] MGame (058630) will sell its entire stake of N Media Platform (6,407 shares) to Nexon Korea for 3.1 billion won (US$2.6 million), it announced on June 22. This acquisition is part of the online gaming giant’s effort to secure a footing in advertising platform and management solutions for Internet cafes.