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Lock & Lock, Hyundai, Woori Finance: South Korea Equity Preview



The following companies may have unusual price changes in South Korea After the North Korean Attacked to the South Korean Island. Stock symbols are in parentheses, and share prices are from the previous close.

The Kospi index rose 0.1 percent to 1,927.68.

Daewoo Shipbuilding & Marine Engineering Co. (042660 KS): The shipbuilder is likely to win a $4 billion order to build 20 container vessels for A.P. Moeller-Maersk A/S, Korea Economic Daily reported yesterday, citing industry officials it didn’t identify. Daewoo fell 1.7 percent to 28,200 won.

Hyundai Engineering & Construction Co. (000720 KS): Creditors of the builder asked Hyundai Group to provide more proof of how it will fund its planned acquisition of Hyundai Engineering, according to an e-mailed statement yesterday by Korea Finance Corp., the biggest shareholder of the South Korean builder. Hyundai Engineering climbed 4.3 percent to 63,300 won.

Lock & Lock Co. (115390 KS): The company was rated new “buy” by Samsung Securities Co., with a target price of 46,000 won. The maker of plastic food containers rose 3.2 percent to 38,450 won.

Maeil Diary Industry Co. (005990 KS): The milk maker will work with Sapporo Holdings Ltd. to sell Sapporo’s beer in South Korea, the Japanese brewer said yesterday in a statement. Maeil shares gained 2.4 percent to 19,600 won.

Woori Finance Holdings Co. (053000 KS): A group led by employees of Woori will submit a preliminary bid as the government privatizes the company, Maeil Business Newspaper reported yesterday, citing a Woori official it didn’t identify. Vogo Fund may separately bid for Woori, the report said. Woori rose 4.7 percent to 14,450 won.

To contact the reporter on this story: Jun Yang in Seoul at /Editor  :Darren Boey at



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