Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

South Korean Stocks: Shinsegae, Lotte, Kumho Tire, SK Innovation

March 17 (Bloomberg) -- Shares of the following companies had unusual moves in Seoul trading. Stock symbols are in parentheses and prices are as of 9:51 a.m.

The Kospi index fell 0.9 percent to 1,940.28.

Department store operators declined. Shinsegae Co. (004170 KS) dropped 2.8 percent to 245,500 won, while Lotte Shopping Co. (023530 KS) lost 2 percent to 416,000 won. Sales at major South Korean department stores rose at the slowest pace in 11 months in February, the Ministry of Knowledge Economy said today.

Kumho Tire Co. (073240 KS) fell 2.3 percent to 14,950 won. China will investigate the tire maker following a report by state television that the company used more recycled rubber than its own regulations allow for, the Chinese Ministry of Industry and Information Technology said yesterday. Kumho will cooperate with the investigation, the company said in a statement yesterday.

SK Innovation Co. (096770 KS) jumped 2.8 percent to 205,000 won. South Korea’s biggest refiner plans to ship 260,000 barrels of gasoline, equivalent of 25 percent of Japan’s daily consumption, to JX Nippon Oil & Energy Corp. after last week’s earthquake shut down more than a quarter of the country’s oil-processing capacity, SK said yesterday.

To contact the reporter on this story: Jun Yang in Seoul at jyang180@bloomberg.net

To contact the editor responsible for this story: Young-Sam Cho at ycho2@bloomberg.net.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.