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 Construction Workers Mutual Aid Association (CWMAA) will acquire a language center building of the University of New South Wales (UNSW) in Sydney for A$71 million ($56 million), jointly with a South Korean insurance company. CWMAA, with $2.8 billion in&hellip
South Korean banks and institutional investors will provide $140 million in syndicated loans to a US gas-fired plant project in Pennsylvania, part of $460 million loans originated by BNP Paribas to build the power plant. Of the $140 million loans,&hellip
A consortium led by US investment firm Angelo, Gordon & Co. has been selected as a preferred buyer of a local bank’s building in Seoul, for which the New York-based company placed the highest bid among four bidding groups to&hellip