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South Korean Stocks: Halla Climate, Korea Electric, LG Chem

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July 5 (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 added 0.1 percent to 1,875.49, its third day of gains.

Halla Climate Control Corp. (018880 KS), which makes automotive air control equipment, rallied 12 percent to 27,850 won, its steepest gain since May 2009. Its biggest shareholder, Visteon Corp., offered 28,500 won per share to buy the rest of the company.

Korea Electric Power Corp. (015760 KS), which supplies almost all the power in the country, retreated 2.1 percent to 25,600 won. The company’s board suspended a four-hour session at 1:25 p.m. without any conclusion on a proposed tariff increase, Newsis reported.

LG Chem Ltd. (051910 KS), the biggest South Korean chemicals maker, added 3.6 percent to 313,500 won. Samsung Securities Co. raised its share-price estimate 7.6 percent to 355,000 won.

Lotte Shopping Co. (023530 KS), South Korea’s largest department store operator, climbed 2.4 percent to 323,000 won, the highest level since May 17. The company was named as the preferred bidder to buy home appliance retailer Himart Co. (071840 KS). Shares of Himart added 0.9 percent to 58,300 won, while Shinsegae Co. (004170 KS), a Lotte competitor, retreated 1.4 percent to 212,500 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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