OnMay 16, the shares of Korea Gas Corp. closed at 51,700 won, up 6.27 percent or3,050 won from the previous day, hitting a one-year high. Korea Gas Corp.imports more than 30 million tons of LNG from overseas and supplies it to thesubsidiaries of Korea Electric Power Corp. and private power generators.
Amongsolar power-related stocks, the shares of S-Energy, a specialist in the productionof solar power modules, surged 15.68 percent. The shares of Woongjin Energy,Shinsung ENG, and OCI also rose sharply 5.83 percent, 4.96 percent, and 4.45percent, respectively. Wind power stocks such as Unison and Dongkuk S&Calso jumped 16.32 percent and 4.67 percent each.
Incontrast, the shares of Korea Electric Power Corp. fell 2.89 percent to 41,950won amid concerns that the shutdown of old thermal power plants would lead toan increase in its electric power production cost.
The Public Officials Benefit Association (POBA) will select two global private credit managers to invest around $200 million in mezzanine debt via separately managed accounts (SMAs). POBA will allocate $100 million to each of two SMAs through two domestic investment&hellip
The Government Employees Pension Service (GEPS) will allocate $20 million to US dollar-denominated structured notes based on South Korean credit default swaps (CDS) and three-month US dollar LIBOR. It received proposals for the investment mandate by the afternoon of June 26.&hellip
Korea Investment Corporation (KIC) will open its third overseas office in Singapore as early as August in its push for alternative investments in Asia, according to a local newspaper report. The opening of a foreign office will come six years&hellip