OnMay 11, AP System, a specialist in manufacturing of OLED equipment, closed at56,600 won in the KOSDAQ market, up 9.06 percent or 4,700 won from the previousday. During the intra-trading session, AP System touched a one-year high at57,000 won.
Semiconductorequipment makers such as SFA, Tera Semicon, and Jastech, also rose 8.51percent, 6.80 percent and 2.58 percent, respectively, hitting their 52-weekhigh.
OLEDmaterials producers Samsung SDI and DS Neolux also jumped 6.01 percent and 3.90percent, respectively, reaching a new one-year high.
Analystssaid that the share prices of these companies surged after Samsung Displayannounced plans to build a new flexible OLED production plant in the No. 2complex of the Display City in Asan in South Chungcheong Province. SamsungDisplay is expected to make an investment of 13-16 trillion won to build thenew OLED plant.
Deutsche Bank has resold $60 million in senior secured debt of Transtelco Inc., a fiber optic services provider in the US and Mexico, to MG Korean Federation of Community Credit Cooperatives. The debt is part of $125 million in senior notes&hellip
A pool of South Korean pension and retirement funds have invested around 85 billion won ($75 million) in debt of a Warburg Pincus-backed, five-star hotel in Hanoi, while a Korean asset manager is in last-stage talks to buy an office&hellip
A consortium of South Korea’s Construction Workers Mutual Aid Association (CWMAA) and MG Non-Life Insurance Co. Ltd. will invest 60 billion won ($53 million) in acquiring a UK warehouse leased by retailer Tesco PLC, joining a growing number of South&hellip