[DISCLOSURE] LG Display (034220) announced on Aug. 12 that it has sold 2,558,007 shares of Avaco (083930) in an after-hours block deal. The total amount reaches 16.9 billion won (US$15.34 million).

[DISCLOSURE] Handsome (020000) announced on Aug. 12 that its operating profit in the second quarter rose 102.5 percent to 8.08 billion won (US$7.33 million) from the same period last year. Its sales increased 20.4 percent to 145.23 billion won while net profit fell 63.6 percent to 8.82 billion won on-year.

[THE INVESTOR] Daewoong Pharmaceutical plans to file a lawsuit against Korea United Pharmaceutical for patent infringement, according to industry sources on Aug. 12.Daewoong claims that Korea United stole its patented sustained release technology that lets the drug maintain the efficacy for a longer time, in developing Gastiin CR tab, a new drug to improve indigestion.Gasmotin, the original medicine containing Mosapride Citrate made by Japan’s Dainippon Sumitomo and imported by Daewoong, and its

[THE INVESTOR] Shinsegae Duty Free store has succeeded in bringing in Louis Vuitton, one of the most coveted luxury brands, according to industry sources on Aug. 12.“Louis Vuitton will open a boutique in Shinseage Duty Free’s fashion luxury zone in April 2017,” said a company official following negotiations with the Louis Vuitton Moet Hennesy Group. This is the second Louis Vuitton store slated to open at a downtown duty-free store recently granted license. Along with Chanel and Hermes, the Fren

[DISCLOSURE] Hanjin (002320) acknowledged that it is considering taking over its affiliate Hanjin Shipping (117930)’s stake in a container terminal in Long Beach in California, US, but did not provide specifics in a statement released on Aug. 12 in response to Korea Exchange’s inquiry regarding the matter.

[DISCLOSURE] Hanwha (000880) announced on Aug. 12 that its operating profit in the second quarter rose 32.46 percent to 548.7 billion won (US$498.05 million) from the same period last year. Its sales increased 12.12 percent to 10.86 trillion won and net profit hiked 121.17 percent to 428.1 billion won on-year.

[THE INVESTOR] The new Lotte duty-free store at Gimpo International Airport is ready for operation starting Aug. 13, the company said on Aug. 12. The duty-free store chain which has been operating in the DF2 section at the airport will move its operations to the DF1 section as it won a bid for the next five years in May. The new section, formerly run by Shilla DFS, takes up about 400 square meters and will be fully operational in November. Lotte has completed partial renovation for about two-thi

[THE INVESTOR] Samsung SRA Asset Management, a consortium of financial divisions of Samsung Group, has been named as the preferred bidder to take over Germany's Commerzbank's headquarters in Frankfurt, the tallest office building in Europe, according to industry sources on Aug. 12. Commerzbank’s headquarters building in Frankfurt.The second largest German bank has chosen Samsung SRA, which offered 900 billion won (US$817.34 million), over Korea Investment Securities and Singapore’s sovereign wea

[DISCLOSURE] GS Engineering & Construction (006360) will guarantee a 140 billion won (US$127.62 million) loan for those who purchased units of its apartments in Busan, the company announced on Aug. 11. This amounts to 4.18 percent of its equity capital.

[DISCLOSURE] Hyundai Green Food (005440) reported on Aug. 11 that its operating profit in the second quarter decreased 7.0 percent to 23.17 billion won (US$21.12 million) from the same period last year. Its sales increased 6.3 percent to 529.15 billion won while net profit slipped 1.6 percent to 26 billion won on-year.

[DISCLOSURE] NHNKCP (060250) reported on Aug. 11 that its operating profit in the first half increased 42.2 percent to 5.3 billion won (US$4.83 million) from the same period last year. Its sales rose 47.5 percent to 124.3 billion won while net profit slipped 0.1 percent to 4.7 billion won on-year.

[DISCLOSURE] GS (078930) reported on Aug. 11 that its operating profit in the second quarter decreased 28.3 percent to 503.8 billion won (US$459.25 million) from the same period last year. Its sales slipped 1.7 percent to 3.35 trillion won while net profit rose 10.5 percent to 286.5 billion won on-year.

[THE INVESTOR] SK Networks Representative Director Choi Shin-won met with Brazil’s interim President Michel Temer on Aug. 10 and said he is considering trading and car parts business, the firm announced.  SK Networks Representative Director Choi Shin-won (right) and Brazil's interim President Michel Temer “SK Networks will continue its efforts to enter Brazil that is a hub in South American market and is rich in resources,” he said.This is in line with the SK affiliate’s global expansion plans.

[DISCLOSURE] Samsung Life Insurance (032830) reported on Aug. 11 that its operating profit in the second quarter increased 13.8 percent to 436.5 billion won (US$397.90 million) from the same period last year. Its sales increased 6.2 percent to 7.32 trillion won while net profit fell 20.4 percent to 352.6 billion won on-year.

[THE INVESTOR] Hanwha Chemical reported on Aug. 11 that its operating profit in the second quarter increased 213.16 percent from the same period last year to 293.56 billion won (US$267.60 million), its highest quarterly figure. Its sales increased 19.1 percent to 2.39 trillion won and net profit surged 835.1 percent to 310.16 billion won on-year. Its petrochemicals and solar businesses backed the chemical arm of Hanwha Group’s strong performance. In petrochemicals, low oil prices led to lower pr

[THE INVESTOR] South Korean cosmetics brand It’s Skin has opened a store within a downtown duty-free store in Shanghai operated by China National Service Corporation, it announced on Aug. 11.Located in Jing’an, one of Shanghai’s busiest commercial districts, the urban duty-free outlet is CNSC’s flagship store in Shanghai, taking up 3300 square meters. It’s Skin has joined the store’s Korea Beauty Zone and will sell over 30 items including its snail cream. It has already opened stores in two Arca

[THE INVESTOR] STX Offshore & Shipbuilding is seeking to sell off STX France. The company, currently under court receivership, turned in a plan to sell its French affiliate on Aug. 9 and was granted permission. STX is seeking to select a lead financial advisor for the sale by the end of this month and complete the sale within this year. This is the third time STX is trying to sell STX France which it took over in 2009. STX Offshore & Shipbuilding has a two-third stake through its subsidiary STX

[THE INVESTOR] South Korea’s largest steelmaker POSCO has signed a memorandum of agreement with North Gyeongsang Province on Aug. 11 to expand into titanium alloy business.POSCO already manufactures pure titanium products but will further the scope to include titanium alloy, a high added-value material lighter than steel and more durable than aluminum alloy. Mainly used for airplanes and satellites, the world’s demand for the material last year was estimated to be as much as 80,000 tons. POSCO h

[DISCLOSURE] Hanwha Chemical (009830) reported on Aug. 11 that its operating profit in the second quarter increased 213.16 percent to 293.56 billion won (US$267.60 million) from the same period last year. Its sales increased 19.1 percent to 2.39 trillion won and net profit surged 835.1 percent to 310.16 billion won on-year.

[DISCLOSURE] Samsung C&T (028260) announced on Aug. 11 that it will guarantee 845.14 billion won (US$777.41 million) debt of its subsidiary Samsung C&T ECUK. This amounts to 4.61 percent of its equity capital.