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Posts Tagged ‘korea’

The 14 Best Zombie Flicks

The last few years have seen a resurgence in the zombie genre, to the point where zombie film rarely stand on their own weight, instead acting as flavoring to other stories — be they documentaries (World War Z), romantic comedies (Zombieland) or historical dramas (Pride and Prejudice and Zombies). Regardless of how they’re used, the shambling [...]

Cosco down after Korea Line files for receivership

Shares of Singapore-listed Chinese shipbuilder Cosco Corp (Singapore) (COSC.SI) fell as much as 2.6% on Wednesday to a two-month low, weighed by news that Korea Line Corp (003490.KS) had filed for receivership.

At 10:20 a.m., shares of Cosco were down 2.2% at $2.26 with over 5.1 million shares changing hands.

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Chip Shot: Girls’ Generation Rocks Asia in Support of Intel Core Launch

Girls’ Generation, one of Korea’s most popular pop groups, debuted its new song, ‘Visual Dreams’, with concepts and lyrics inspired by Intel’s ‘Visibly Smart’ 2nd Generation Core processors. Within a week, the music video on YouTube already has a combined viewership of over 2 million. Be sure to catch the end of the video for a creative and ‘pop’ twist on the Intel bong.

Do not chase dual-listing themes blindly – CIMB

With China Gaoxian (I4U.SG) down 20.5% at $0.350 after its KDR (950070.SE) opened lower on its debut in Korea this morning, falling to a low of KRW5,360 (equivalent to $0.307 per share), CIMB warns investors “make your investments based on company’s fundamentals; do not chase dual-listing themes blindly.” 

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China Gaoxian plunges as Korea listing falls

Shares of Singapore-listed fabric maker China Gaoxian (CGXF.SI) dropped as much as 14.8% on Tuesday to over a three-week low after its Korean depository receipts (KDR) fell on their first trading day.

At 10:11 a.m., shares of China Gaoxian were 13.6% down at $0.38 with over 38 million shares changing hands.

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North Korea renews call for dialogue

North Korea reiterated its call for talks with South Korea, seeking an end to the confrontation on the peninsula, the Yonhap news agency reported on Sunday.

“Dialogue and negotiations are the only just way for independently solving the issue of the country’s reunification by the concerted efforts of the Koreans,” the agency said quoting the statement made by the North Korean authorities.

Singapore’s GIC seeks to sell Seoul building-paper

Singapore sovereign wealth fund GIC (GIC.UL) is seeking to sell an office building in Seoul, with an estimated value of up to 1.1 trillion won ($1.27 billion), South Korea’s Maeil Business Newspaper reported in its Wednesday edition.

 

It bought the Seoul Finance Center for 355 billion won in 2000, breaking ground for Korea property investment as an institutional investor.

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South Korea conducts more drills

South Korea is carrying out more military exercises on land and sea this week, VOA reports.
While officials call the training routine it could raise already high tensions with North Korea.

S. Korea concludes artillery drill, scrambles jet fighters

S. Koreans are anxiously waiting to see if N. Korea will make good on its threat to take military action in response to a live-fire artillery drill, VOA says. North Korea shelled the island last month, hours after a similar drill. South Korea’s marines conducted the exercise just hours after an emergency meeting of the United Nations Security Council failed to calm tensions on the Korean peninsula.

STI down at midday on Korea concerns; SIA in focus

Singapore shares were down at midday on Monday mainly due to concerns about Seoul’s new capital controls and tension on the Korean peninsula, but Singapore Airlines (SIAL.SI) may be in focus after announcing a $65 million stake buy in China Cargo Airlines.   

By the midday break, the Straits Times Index (STI) <.FTSTI> lost 24.86 points at 3,128.15. Total value of shares traded in the morning session was $800.8 million, up from $774.9 million on Friday.

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China Gaoxian gets nod to list depository receipts on KRX

Mainboard-listed China Gaoxian, one of the leading suppliers of premium differentiated fine polyester yarn and warp knit fabric in China, says it has today received its listing eligibility for the listing of its Depository Receipts (KDRs) on the Korea Exchange.

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Serbia, South Korea sign liberalization protocol

Serbian and South Korean officials today in Belgrade signed a protocol on liberalization of the goods and services market between the two countries. The document was signed by Serbian Economy Minister Mlađan Dinkić and Ambassador of the Republic of South Korea to Serbia Kim Jonghae.

WikiLeaks, WikiDrama and WikiGossip

What should we make of the Wikileaks story?Obviously, the Swedish “sex crime” charges are ridiculous, as are the death threats against Wikileaks founds Julian Assange. See this, this and this.Some leading first amendment advocates support Wikileaks as…

“S. Korea will retaliate if attacked again”

New South Korean defense minister Kim Kwan-jin says Seoul is prepared to bomb North Korea if Pyongyang again hits the South with artillery.

Speaking at his confirmation hearing in the national assembly Friday, he firmly stated that if attacked again, South Korea would not hesitate to protect itself.

U.S.: China “obligated” to press North Korea

A White House spokesman is calling on China to press North Korea to end what he calls that state’s “belligerent behavior.” Robert Gibbs said Tuesday Beijing has an “obligation” to send such a message to Pyongyang. China is the main diplomatic and economic supporter of its impoverished neighbor.

S. Korea, U.S. start war games

About 20 U.S. and South Korean naval vessels have begun maneuvers off the west coast of the Korean peninsula.

The war games come less than a week after North Korea launched a deadly artillery barrage on an occupied South Korea island near a disputed maritime border.

China warns S. Korea, U.S. over exercises

China has warned America and South Korea not to stage military acts near its coast, ahead of joint naval drills due to start on Sunday in the Yellow Sea.

The U.S. military says the exercises, planned long before last week’s attack by North Korea, are designed to deter Pyongyang and are not aimed at China.

N. Korea: U.S.-S. Korean exercises push to brink of war

North Korea warned Friday that planned U.S.-South Korean naval exercises are pushing the peninsula to the brink of war. The North’s state Korean Central News Agency said drills involving a U.S. nuclear-powered aircraft carrier are a reckless plan by “trigger-happy elements” aimed at North Korea. Pyongyang has used such language frequently in the past to condemn military exercises in South Korea.

US, S. Korea in new military exercises

After an exchange of artillery fire between the two Koreas, Seoul and Washington have announced a new joint military drill, VOA reports. South Korea also warns North Korea that any further aggression will bring enormous retaliation. The bodies of two men were found Wednesday on Yeonpyeong island, bringing the death toll to four from Tuesday’s attack.

Singapore shares end higher on bargain hunting as Korea fears ease

Singapore shares ended higher Wednesday in line with some regional peers as investors began sniffing around for bargains after yesterday’s sell-off.

The benchmark Straits Times Index finished the day 10.71 points, or 0.3%, higher at 3,137.01 with gainers overtaking losers 246 to 222.

In the broader market, however, volume remained thin with a total of 1.63 billion shares changing hands compared with 2.03 billion Tuesday.

Traders and analysts said that the investors were back in the market after yesterday’s knee-jerk reaction to conflict on the Korean peninsula. The STI had hit a near one-month low yesterday due to the geopolitical tension in the region.

“We see selective opportunities from the selldown as company-specific fundamentals remain intact,” UOB KayHian said in its note.

Kim Eng Securities in a note said that it expects more upside for the market in the near term as Singapore blue chips offer “sound fundamentals”.

In the broad market rally, commodities stocks gained the most on bargain hunting, with Golden Agri Resources rising 2.9% to $0.705, while Wilmar International rose 0.2% to $6.03.

A UBS note upgrading Noble Group to a buy with a target price increase to $2.70 from $2.10 saw shares of the commodity supply chain manager rise 2.5% to $2.06.

Hopes of increased spending by oil and gas companies ton oil exploration saw shares of rig builders rise, with Sembcorp Marine gaining 0.8% at $4.94. Keppel Corp. ended flat at $10.56 after being in positive territory for most of the day.

Another notable gainer was Singapore Telecommunications, up 1% at $3.10 after Goldman Sachs raised the target price of the company to $3.67 from $3.53.

Casino operator Genting Singapore saw shares rise 2.6% at $2.00 on bargain hunting. The stock had slid 4.9% Tuesday.

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