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South Korean Stocks: Hyundai Hysco, KB, Korea Zinc, SungJin

Shares of the following companies had unusual moves in South Korea trading. Stock symbols are in parentheses and prices are as of 11:13 a.m. in Seoul.

The Kospi index fell 0.9 percent to 1,997.03. The gauge has risen 1.3 percent this week, headed for its sixth straight weekly advance.

Hyundai Hysco Co. (010520) (010520 KS), a steel-products maker, rallied 7.4 percent to 41,350 won, heading for the highest close since Nov. 17. The company said 2011 net income increased 53 percent from a year earlier. The company’s plan to expand production capacity until 2013 will help boost earnings, Korea Investment & Securities Co. said in a report today.

KB Financial Group Inc. (105560) (105560 KS) lost 2.9 percent to 43,700 won. The owner of South Korea’s largest bank posted its lowest quarterly profit in a year. Net income at KB was 219.1 billion won ($197 million) in the three months ended Dec. 31, the lowest since its revised 341 billion won loss a year earlier, the lender said in a regulatory filing.

Korea Zinc Co. (010130) (010130 KS), South Korea’s biggest zinc smelter, added 2.3 percent to 419,500 won. The company’s 2011 profit rose 31 percent from a year earlier to 676.8 billion won as silver and gold prices climbed. Tong Yang Securities raised its share-price estimate to 460,000 won.

SungJin Geotec Co. (051310) (051310 KS), a South Korean plant equipment maker, dropped 4.6 percent to 13,550 won, after reporting 2011 net loss of 59.2 billion won.

To contact the reporter on this story: Saeromi Shin in Seoul at sshin15@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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