South Korean Equity Movers: Korea Aerospace, Kumho Industrial

Shares of the following companies had unusual moves in South Korea trading. Stock symbols are in parentheses and prices are as of the close in Seoul.

The Kospi index rose 0.6 percent to 2,005.74.

Korea Aerospace Industries Ltd. (047810) (047810 KS), South Korea’s only aircraft manufacturer, rallied 7.6 percent to 33,950 won, the biggest gain since Oct. 17. The company aims to more than double its orders this year, according to a regulatory filing.

Kumho Industrial Co. (002990) (002990 KS) climbed 2.7 percent to 8,000 won, the highest close since Dec. 15. The construction company, which was a unit of Kumho Asiana Group before creditors took control in 2010, may raise 220 billion won ($196 million) by selling new shares to the group’s chairman Park Sam Koo, MoneyToday reported. Creditors will provide working capital and seek a debt-to-equity swap to boost Kumho Industrial’s finances, the report said.

Officials at Kumho Industrial’s public relations team declined to comment.

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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