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.
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