[THE INVESTOR] Samsung Electronics' new Galaxy Note 7 smartphone has sold about 30,000 units in two days after the suspended sales resumed in Korea over the weekend. 　Even though some of the purchases included preorders made before the recall, sources said the new Note phone has made a successful comeback considering a daily 10,000 unit sales are considered a “hit” within the industry.  Samsung Electronics opens Galaxy Note 7 experience zones at several shopping malls in Seoul over the weekend s

[THE INVESTOR] Sales at South Korean department stores have increased about 10 percent on-year in the first three days of a nationwide shopping event, called Korea Sales Festa that kicked off on Sept. 29. 　Lotte Departments Store, one of the top three chains, said its sales jumped 12.1 percent over the weekend, comapred with the Korea Grand Sale last year. The latest shopping event aims to connect the retail indsutry with the tourism and cultural sectors in line with the major Chinese holiday se

[THE INVESTOR] The brand value of Lotte Group companies has been sharply falling amid prosecutors’ probe into the retail giant and the owner family’s corruption and slush fund creation recently. According to market research firm Brand Stock on Oct. 3, Lotte Department Store, the flagship unit of Lotte, the nation's fifth-largest conglomerate, saw its brand rank tumble from eighth in the second quarter to 16th in the third quarter. The figures for other rental car service, fast food chain, superm

[THE INVESTOR] Shares of South Korean automotive parts maker Mando tumbled more than 13 percent on the local bourse on Sept. 30 after a news report that German engineering giant Bosch has sued it for patent violations in the US. Adding to the prolonged strike by Hyundai Motor, its key client, the patent suit dragged down the company’s stock price to close at 247,000 won (US$225), down 38,000 won from the previous trading day. According to Bloomberg, Bosch filed a lawsuit against Mando for violat

[THE INVESTOR]  Samsung Electronics on Sept. 30 projected that the ongoing Galaxy Note 7 recall worldwide would cost Samsung Electronics a combined 2 trillion won (US$1.80 billion) in the coming months this year. “We are adjusting our estimates of the third-quarter operating profit from 7.8 trillion won to 7 trillion won,” said the securities firm. “Following the Galaxy Note 7 recall, the costs will be 1.5 trillion won in the third quarter and 500 billion won in the fourth quarter.”Despite the r

[THE INVESTOR]  Samsung Electronics Vice Chairman Lee Jae-yong and SoftBank Group Chairman Masayoshi Son, who is more widely known as Sohn Jeong-eui here, were spotted meeting at the Korean tech giant’s Seoul headquarters on Sept. 29. The two firms declined to reveal details of the high-profile meeting. Industry watchers see they may have discussed possible partnership on the Internet of Things services and semiconductors. Their meeting comes after the Japanese tech and telecom behemoth acquired

KOSPIIndividuals +269 M KRWForeigners -131 M KRWInstitutions -142 M KRWKOSDAQ　Individuals +34 M KRWInstitutions -1 M KRWForeigners -32 M KRW　*As of 9:02 a.m.　By HeRo (hero@heraldcorp.com)　This article is produced by the algorithm developed by the artificial intelligence developer ThinkPool in collaboration with Herald Corp.　　

Samsung Electronics (005930) opened 12,000 won or 1.5 percent down at 1,590,000 won. Naver (035420) was also down 28,000 won or 6.22 percent to start at 886,000 won. Kangwon Land (035250) rose 50 won to 40,100 won. 　KOSPI　Kangwon Land (035250) KRW 40,000 ▲50(0.25%)Samsung Life (032830) KRW 105,500 (0%)SK Telecom (017670) KRW 226,000 (0%)LG (003550) KRW 64,200 ▼100(-0.31%)KT (030200) KRW 31,800 ▼100(-0.63%)KOSDAQ　KLS (102940) KRW 162,200 ▲1,400(1.74%)LOEN Entertainment (016170) KRW 76,400 500(1.3

[THE INVESTOR] Lotte Group is likely to seek a stock debut of Hotel Lotte again after an arrest warrant request was rejected for Chairman Shin Dong-bin, according to eBest Securities on Sept. 29. Under Shin’s leadership, Hotel Lotte had considered an initial public offering on the local bourse since August last year as part of the retail giant’s effort to resolve cross-shareholdings among affiliates and improve transparency overall. But the efforts have been suspended amid a large-scale investig

[THE INVESTOR]  South Korean internet giant Naver and its Japanese affiliate LINE said on Sept. 29 they have decided to invest a combined 100 million euros (US$112 million) into a startup accelerator fund running in Europe. The K-Fund 1 will be operated by Korelya Capital, an investment firm established by Fleur Pellerin, the former Korean-born French minister overlooking small and medium enterprises and the digital economy, who resigned from the post in August. Fleur PellerinRelated article: Na

[THE INVESTOR]  The Fair Trade Commission said on Sept. 29 that it has decided to impose a 7.17 billion won (US$6.50 million) fine on CJ CGV, CJ Group’s multiplex theater chain, for illegal trading with an affiliate owned by an owner family member. The antitrust watchdog said it has found that JS Communications, an ad unit 100 percent owned by CJ Group Chairman Lee Jay-hyun’s younger brother Lee Jay-hwan, has enjoyed unfairly exclusive rights to handle CJ CGV’s ad sales since its establishment i

[THE INVESTOR] A group of 14 consumers on Sept. 28 filed a lawsuit against AmorePacific Chairman Suh Kyung-bae following the recent revelation that the beauty giant’s 11 toothpaste products contained toxic chemicals.The chemicals -- methylisothiazolinone and methylisothiazolinone -- were used in a preservative, called sodium lauryl sulfate, for the company’s popular Median and Songyeom toothpastes. Now all the products have been recalled from the market. AmorePacific Chairman Suh Kyung-bae speak

KOSPI　Foreigners +34 M KRWInstitutions +28 M KRWIndividuals -58 M KRWKOSDAQ　Individuals +10 M KRWInstitutions +3 M KRWForeigners -10 M KRW*As of 9:02 a.m.　By HeRo (hero@heraldcorp.com)　This article is produced by the algorithm developed by the artificial intelligence developer ThinkPool in collaboration with Herald Corp.

Samsung Electronics opened up 17,000 won or 2.17 percent from a day before. SK Innovation (096770) and S-Oil (010950) started strong, while SK hynix (000660) was down 650 won to start at 40,600 won. 　KOSPI　SK Innovation (096770) KRW 159,500 ▲6,000(7.82%)S-Oil (010950) KRW 80,300 ▲2,800(7.23%)Hyundai Heavy Industries (009540) KRW 139,500 ▲4,000(5.9%)Lotte Chemical (011170) KRW 298,000 ▲6,500(4.46%)LG Display (034220) KRW 28,900 ▲400(2.81%)　KOSDAQ　Caregen (214370) KRW 109,000 ▲1,300(2.41%)Paradise

[THE INVESTOR] Daewoo Shipbuilding and Marine Engineering has avoided a forced exit from the stock market as South Korea’s bourse operator decided to give a year to the troubled shipbuilder to improve its financial health, Korea Exchange said on Sept. 28.KRX will allow the cash-strapped shipbuilder to maintain a listing during the grace period which ends on Sept. 28, 2017. Trading in DSME on the main KOSPI stock exchange will be halted during the period. Trading of the stock can be resumed if th

[THE INVESTOR] Samsung Electronics said on Sept. 28 it has completed an 11.3 trillion won (US$10 billion) share buyback program that was launched in October as part of its shareholder-friendly policies. The Korean tech giant said its four share repurchases and the cancellations have elevated the company’s stock price almost 20 percent over the past year.  Samsung Electronics Vice Chairman Lee Jae-yongAs of Sept. 26, Samsung shares traded at 1,568,000 won, which compared to 1,308,000 won on Oct.

[THE INVESTOR] Samsung Group is seeking Chinese talent to join its top consulting team Global Strategy Group. According to Korea Economic Daily on Sept. 28, the nation’s largest conglomerate recently held a recruiting event at top elite schools, including Beijing University, Xinghua University and China Europe International Business School. It is the first time that Samsung has held the event that used to be held in the US and Europe in China since Global Strategy Group was launched in 1997 unde

[THE INVESTOR] Some 50 top Samsung Group executives on Sept. 28 attended a special lecture on the global trend of shareholder activism and policies to respond to investors’ growing demands. The lecture was delivered by Goldman Sachs’ Korean chief Chung Hyoung-jin, following their weekly meeting held every Wednesday at the Seoul headquarters. The lecture was reminiscent of the highly publicized proxy battle between Samsung and the US activist hedge fund Elliott Management last year on the then pl

[THE INVESTOR] Lotte Group Chairman Shin Dong-bin on Sept. 28 appeared before a Seoul court where judges reviewed an arrest warrant request for him. Shin, 61, is facing embezzlement and breach of trust charges worth about 200 billion won (US$180 million) in a probe into the retail giant’s corruption and slush fund creation scandal. “I will respond to the judges sincerely,” he told reporters before entering the court. “I apologize to the public for causing concern.” Lotte Group Chairman Shin Dong

[THE INVESTOR] Hankook Tire, the nation’s largest carmaker, will be supplying original equipment tires to be equipped on Scania’s new trucks from November. With the latest deal, the carmaker is supplying tires to the world’s top three commercial vehicle manufacturers, including Mercedes-Benz and Volkswagen’s MAN Truck. Three key tire products -- e-cube Max, SmartFlex, SmartWork -- will be supplied for Scania’s truck models, including the premium R-Series vehicles.  Scania R-Series truckBy Lee Ji