South Korea Stocks: Hankook Tire, Korea Gas, S&T Dynamics
South Korea’s Kospi index was little changed at 2,037.53 at the 3:00 p.m. close of trading in Seoul.
The following are among the most-active stocks in South Korean markets.
Hankook Tire Co. (000240 KS), the biggest tiremaker, fell 2.7 percent to 32,950 won. Hankook Tire America Corp. is recalling 17,729 replacement tires for light vehicles because of potential failures, the U.S. National Highway Traffic Safety Commission said on its website yesterday.
Korea Gas Corp. (036460 KS), the world’s biggest buyer of liquefied natural gas, climbed 2.3 percent to 47,150 won. The company and Iraq’s state-run oil company will sign a final contract in January to develop the Akkas gas field in the Middle Eastern nation, the Maeil Business Newspaper yesterday reported on its website, citing Korea Gas. Lee Kwa Hyung, a spokesman at Korea Gas, declined to comment on the report when contacted by phone.
S&T Dynamics Co. (003570 KS) gained 3.9 percent to 22,700 won. The automotive part maker won an order worth of 37.2 billion won ($32.3 million) from the South Korean government today, the company said in a regulatory filing.
To contact the reporter on this story: Jun Yang in Seoul at firstname.lastname@example.org
To contact the editor responsible for this story: Darren Boey at email@example.com