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Tuesday, June 27, 2017

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Asian capital is filling up a vacancy of U.S.-based Franklin Templeton in the domestic bond market as the big player left the Korean market.
Bond Market Instability
22 June 2017 - 3:30pm
Asian capital is filling up a vacancy of U.S.-based Franklin Templeton, a big player in the domestic bond market. The expectation that foreign investors’ share in the won-denominated bond market will...
The Hills are suffering from car crashing accident accompanying the death of their 7-year-old twin sons John and James Hill on New Year’s Eve in 2015. (Photo Courtesy: Herald Chronicle)
Due to Brake Defects?
22 June 2017 - 3:15pm
It has been found that Kia Motors was sued by the parents of twin brothers who died on December 31, 2015 from a collision occurring in Tennessee, USA, claiming for damages amounting to US$95 million...
Step for Holding Company Structure
22 June 2017 - 11:45am
Hyundai Mipo Dockyard began to sell all of its stake in Hyundai Robotics Co. to eliminate cross-subsidiary shareholdings.  According to the IB industry on June 21, Hyundai Mipo Shipbuilding Co., Ltd...
LS Mtron’s tractor model MT-125.
Technology Prowess
22 June 2017 - 11:45am
LS Mtron announced on June 21 that the company ranked number one at the "2017 EDA Dealer's Choice Awards" sponsored by the Equipment Dealers Association (EDA) in North America. The EDA, which hosts...
The construction site of Hyundai E&C’s landfill project in the western part of the Tuas area.
Millions Dollar Contracts
22 June 2017 - 11:45am
Hyundai E&C announced on June 21 that the contractor recently received orders for a US$162 million landfill in the west of the Tuas area and a US$74 million landfill in the east of the Changi...
Ssangyong Motor Rally Cross Cup (SRX Cup).
Brand Promotion
22 June 2017 - 11:45am
Ssangyong Motors announced on June 21 that the automaker began to raise its brand awareness by holding a racing event with the Ssangyong brand in Europe. Ssangyong Motors has been holding its first...
SK Chemical will adopt to a holding company system, considering a plan to spin off its chemical and pharmaceutical divisions in the future.
Via Holding Company System
22 June 2017 - 11:30am
SK Chemical will adopt to a holding company system. Accordingly, a small holding company led by SK Chemical Vice Chairman Chey Chang-won, a cousin of SK Group Chairman Chey Tae-won, will be...
The total foreign exchange deposits of residents in Korea increased by US$2.55 billion to US$69.94 billion.
Foreign Currency Deposits
22 June 2017 - 10:45am
Foreign currency deposits in South Korea in May went up by more than US$2.5 billion (2.86 trillion won). The Bank of Korea (BOK) announced on June 15 that the total resident foreign exchange deposits...
The KOSPI closed at 2,357.53 on June 21, down 11.70 points, or 0.49 percent, from the previous day as China A-stocks are included in the Morgan Stanley Capital International (MSCI) emerging markets (EM) index.
Aftermath of China’s MSCI Inclusion
22 June 2017 - 10:45am
The benchmark Korea Composite Stock Price Index (KOSPI) closed at the 2,350 level as China A-stocks are included in the Morgan Stanley Capital International (MSCI) emerging markets (EM) index. It...
The won-dollar exchange rate, which was 1,110 won per dollar early this month, has risen above 1,140 won on June 21.
Equal Benchmark Interests
22 June 2017 - 10:45am
Amid weakness of the Korean won continuing due to a US interest rate hike this month, American Otto Warmbier’s death after his returning to the US triggered a firestorm among Americans to deteriorate...
LG Display has decided to fill the entire P10 plant in Paju with organic light emitting diode (OLED) facilities.
Focus on OLED
22 June 2017 - 10:30am
LG Display has confirmed that it will fill the entire P10 plant in Paju with organic light emitting diode (OLED) facilities which will become the company’s next growth engine. According to...
Shutdowns of the Korean branches of the foreign banks including Goldman Sachs are continuing.
Exodus from Korea?
22 June 2017 - 10:30am
Three foreign banks -- Goldman Sachs, Royal Bank of Scotland (RBS) and BBVA -- closed their branches in Korea. The Financial Supervisory Commission (FSC) decided in its regular meeting on June 14...

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