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South Korean Stocks: Daewoo Ship, Hanjin, Kepco Engineering

April 12 (Bloomberg) -- 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 fell 0.4 percent to 1,986.63, the lowest level since March 7. Today was expiry day for options contracts. South Korean markets were closed for parliamentary elections yesterday, when the MSCI Asia Pacific Index dropped 0.7 percent.

Nuclear power plant-related companies: Kepco Engineering & Construction Co. (052690 KS), which designs power plants, added 4.2 percent to 74,700 won. Kepco Plant Service & Engineering Co. (051600 KS), which provides maintenance services for power plants, rose 1.3 percent to 39,600 won. Doosan Heavy Industries & Construction Co. (034020 KS), a power equipment maker, gained 0.9 percent to 57,700 won. South Korea and Thailand signed an initial agreement on nuclear power cooperation, including development of power plants, according to a statement.

Daewoo Shipbuilding & Marine Engineering Co. (042660 KS) added 2.7 percent to 28,800 won. The company expects to boost offshore equipment contracts 34 percent this year and is in talks for its first order for a floating liquefied natural gas plant, said Ryu Wan Soo, Senior Executive Vice President.

Hanjin Transportation Co. (002320 KS), a logistics service provider, lost 2.4 percent to 20,000 won. Korea Investment & Securities Co. cut its rating on the stock to hold from buy, saying it may be difficult for the company to raise package-delivery fees.

Korean Air Lines Co. (003490 KS), the nation’s biggest carrier, dropped 0.8 percent to 49,300 won. A Korean Air aircraft with 147 people onboard made an emergency landing in Canada following a bomb threat.

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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