The Korea Herald

SK Telecom’s Q3 earnings down 13% to W424b

[DISCLOSURE] SK Telecom (017670) reported on Oct. 27 that its operating profit in the third quarter fell 13.52 percent to 424.3 billion won (US$372.52 million) on-year.Its revenue slipped 0.41 percent to 4.24 trillion won and net profit decreased 15.63 percent to 322.11 billion won from the same period last year.(theinvestor@heraldcorp.com)

Oct. 27, 2016

[URGENT] Naver’s Q3 operating profit up 27.6% to W282b

[DISCLOSURE] Naver (035420) reported on Oct. 27 that its operating profit in the third quarter rose 27.6 percent to 282.3 billion won (US$247.85 million) on-year.Its revenue increased 20.5 percent to 1.13 trillion won and net profit surged 69.5 percent to 198 billion won from the same period last year. (theinvestor@heraldcorp.com)

Oct. 27, 2016

Samsung C&T sells entire Cheil Worldwide stake to Samsung Electronics

[DISCLOSURE] Samsung C&T (028260) announced on Oct. 27 that it will sell its entire 14,539,350 shares of Cheil Worldwide to its affiliate Samsung Electronics at 267.52 billion won (US$234.88 million) in an after-hours block deal.The deal “is to improve balance and to secure funds for improvement,” said the company. (theinvestor@heraldcorp.com)

Oct. 27, 2016

Hanmi Pharma’s Q3 operating income down 61.5% to W13.5b

[DISCLOSURE] Hanmi Pharmaceutical (128940) reported on Oct. 27 that its operating profit in the third quarter slumped 61.5 percent to 13.7 billion won (US$12.03 million) on-year.The revenue fell 18.1 percent to 219.7 billion won and net profit turned to black at 6.3 billion won from the same period last year. (theinvestor@heraldcorp.com)

Oct. 27, 2016

LG Int’l’s Q3 operating profit down 27.6% to W21.5b

[DISCLOSURE] LG International (001120) reported on Oct. 26 that its operating profit in the third quarter dropped 27.6 percent to 21.63 billion won (US$19.14 million) from the same period last year. Its revenue fell 18.7 percent to 2.94 trillion won on-year while its net profit shot up 1,770.4 percent to 9.61 billion won. (theinvestor@heraldcorp.com)

Oct. 26, 2016

Hyundai Heavy turns to black with W322b Q3 operating profit

[DISCLOSURE] Hyundai Heavy Industries (009540) reported on Oct. 26 that it has turned to black with a 321.8 billion won (US$284.88 million) operating profit in the third quarter. Its revenue fell 19 percent to 8.84 trillion won from the same period last year, and the company posted 334.4 billion won net profit. (theinvestor@heraldcorp.com)

Oct. 26, 2016

Cosmax earns patent for restorative cosmetic composition

[DISCLOSURE] Cosmax (192820) announced on Oct. 26 that it has earned a patent for a cosmetic composition derived from Tillandsia usneoides, or Spanish moss, that moisturizes skin, accelerates differentiation of cells that generates keratin, and restores skin barriers.(theinvestor@heraldcorp.com)

Oct. 26, 2016

LG Hausys’ Q3 operating profit down 23%

[DISCLOSURE] LG Hausys (108670) reported on Oct. 26 that its operating profit in the third quarter fell 22.8 percent to 36.2 billion won (US$32.05 million) from the same period last year. Its revenue inched up 3.2 percent to 719.8 billion won on-year. “Total revenue increased thanks to growing sales in B2C market of construction materials and rise in overseas demand for premium artificial marble, but as the domestic auto output slumped, sales and profitability in the auto parts material division

Oct. 26, 2016

[EQUITIES] ‘KAI's revenue dented by order delays’

[THE INVESTOR] Korea Aerospace Industries only logged 176.3 billion won (US$156.07 million) in new orders this year, and the delay in orders for Surion helicopters and its amphibious spin-off will affect its first half revenue in 2017, according to NH Investment and Securities on Oct. 26. The securities firm lowered the target price to 99,000 won from 110,000 won. The orders, however, will recover by the end of this year, said analyst Yu Jae-hoon, “as the third batch of Korean Utility Helicopter

Oct. 26, 2016

[EQUITIES] ‘KAI's revenue dented by order delays’

Lotteria to unburden mounting overseas debt guarantees ahead of IPO

[THE INVESTOR] Lotte Group’s food and dining division Lotteria reported a 145.5 billion won (US$128.81 million) balance of debt guarantees for its overseas operations, according to the data released by Financial Supervisory Service on Oct. 25.On the previous day, Lotteria decided to guarantee a 20.5 billion won loan of its subsidiary Burger King Japan and Burger King Japan Holdings, an 11.2 billion won loan of Lotteria Vietnam, and 6.8 billion won loan of Lotteria Beijing. In addition to its fla

Oct. 26, 2016

[EQUITIES] ‘Conservative outlook for LG H&H might be necessary’

[THE INVESTOR] LG Household and Health Care’s revenue from duty-free stores should be seen from a conservative perspective following the Chinese cap on tourism to South Korea, according to Samsung Securities on Oct. 26.The securities firm lowered the target price to 1,010,000 won (US$894.12) from 1,150,000 won, as it cuts the prospective rate of increase in number of Chinese tourists coming to the country in 2017 to 5 percent from 15 percent. The Chinese government recently notified its tourism

Oct. 26, 2016

[EQUITIES] ‘Conservative outlook for LG H&H might be necessary’

[EQUITIES] ‘Shinsegae’s duty-free business might suffer from Chinese sanctions’

[THE INVESTOR] The Chinese government’s restrictions on tourists to South Korea in relation to THAAD deployment could increase uncertainty in Shinsegae’s duty-free business, according to NH Investment and Securities on Oct. 26. The securities firm lowered the target price to 300,000 won (US$265.58) from 330,000 won. “However, even when the number of Chinese tourists decreases by 20 percent Shinsegae’s duty-free store’s daily revenue will only decline 8.5 percent to 1.74 billion won from 1.9 bill

Oct. 26, 2016

[EQUITIES] ‘Shinsegae’s duty-free business might suffer from Chinese sanctions’

KTB, Big Bang Angels sign MOU for crowdfunding

[THE INVESTOR] KTB Investment and Securities has signed a memorandum of understanding with Big Bang Angels, a consulting firm for angel investment, to collaborate on improving the environment for startups and enlivening crowdfunding. The companies will share information on promising startups and systemically pursue crowdfunding and attracting further investment. By Hwang You-mee (glamazon@heraldcorp.com)

Oct. 25, 2016

LG H&H’s Q3 operating profit up 28.4% to W244b

[DISCLOSURE] LG Household & Health Care (051900) reported on Oct. 25 that its operating profit in the third quarter hiked 28.4 percent to 244.16 billion won (US$215 million) on-year. Its revenue increased 12.7 percent to 1.56 trillion won and net profit jumped 41.2 percent to 192.14 billion won from the same period last year.(theinvestor@heraldcorp.com)

Oct. 25, 2016

LG H&H, Macrogen sets up JV for consumer genomics

[THE INVESTOR] LG Household and Health Care and life science company Macrogen announced on Oct. 25 that they have signed an agreement to establish a joint venture to enter the consumer genomics market. The companies will invest a combined 6 billion won (US$5.28 million) and equal stake in Genstory, to develop and provide direct-to-consumer genetic analysis service. The Ministry of Health and Welfare lifted a ban on having one’s DNA tested at a non-medical entity without a referral from medical i

Oct. 25, 2016

LG H&H, Macrogen sets up JV for consumer genomics

Articles by 황유미