KRX:000150

9 stories mentioning KRX:000150Updated 1d ago

Every FINWIRES story that references KRX:000150, newest first.

South Korea's Kospi Falls Over 5% on Semiconductor Profit-Taking; Kosdaq Gains

South Korea's Kospi plunged on Monday as investors took profits in major semiconductor stocks after the market's record rally of 1001.89 points on Friday.The Korea Composite Stock Price Index, or Kospi, decreased by 338 points, or 5.1%, to end at 6,257.45. The Kosdaq, however, increased by 17.59 points, or 2.4%, to close at 737.35.In economic news, South Korean manufacturing output expanded at a faster rate in July versus the previous month, S&P Global said Monday.The latest seasonally adjusted S&P Global South Korea Manufacturing PMI rose to 53.1 from 52.1 in June.S&P said the rate of improvement was among the fastest recorded over the past four years.In corporate news, SK Inc. (KRX:034730) agreed to transfer 47.3 million shares it holds in SK Siltron to Doosan Corp. (KRX:000150) for 2.3 trillion won by Jan. 31, 2027, pending regulatory approvals and conditions precedent.The disposal includes 34.2 million shares currently held plus 13.1 million shares to be acquired through Total Return Swap agreements, according to a bourse filing on Monday.The transaction incorporates an excess profit-sharing mechanism tied to SK Siltron's EBITDA targets through 2034, quality certification milestones, and asset sale proceeds exceeding book value.SK Inc.'s shares fell 6%, while Doosan jumped 6% at market close.

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US Markets1d ago

SK to Sell Controlling Stake in SK Siltron to Doosan for KRW2.3 Trillion

SK Inc. (KRX:034730) has agreed to sell its controlling stake in semiconductor silicon wafer manufacturer SK Siltron to Doosan Corp. (KRX:000150) for about 2.3 trillion won.Under the deal, SK will transfer 47.3 million common shares of SK Siltron, representing a 70.6% stake, to Doosan, according to a regulatory filing from SK on Monday and a separate press release from Doosan on Friday.The SK board approved the share purchase agreement on Friday. The transfer is scheduled to close by Jan. 31, 2027, subject to regulatory approvals.SK said the disposal is intended "to improve financial soundness and secure future growth engines."The company said the transfer price is subject to change, reflecting potential adjusted items. Doosan said separately that the acquisition is expected to be finalized after adjustments to the purchase price.SK said it may receive additional payments from the buyer tied to SK Siltron's performance through 2034.Doosan described SK Siltron as "Korea's only semiconductor wafer manufacturing company." Founded in 1983, the target company manufactures and sells 300mm and 200mm silicon wafers for semiconductors. Doosan noted that SK Siltron's 12-inch wafers are among the top three in the global market.SK Siltron booked operating profit of more than 400 billion won on revenue of 2 trillion won in 2025, Doosan said.Doosan expects SK Siltron's wafer business to grow at roughly 8% annually, targeting about 3 trillion won in revenue by 2031."Siltron will not be listed, and based on its stable business portfolio, it will strive to further enhance shareholder value for Doosan Corp.," a Doosan official was quoted as saying in the company's announcement.The announcement caps off months of talks about the sale of SK Siltron. In December 2025, SK Group announced that Doosan had been selected as the preferred bidder to acquire SK Siltron."Details will be determined after discussions with the preferred bidder, and we will announce related matters once they are finalized or within three months," SK Group said at the time.In late-morning trading in Seoul on Monday, shares of SK fell nearly 7%, while Doosan jumped over 4%.

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Asia1d ago

Doosan Board OKs Acquisition of Controlling Stake in SK Siltron in KRW 2.3 Trillion Cash Deal

Doosan's (KRX:000150) board approved the acquisition of a 70.61% stake in SK Siltron from SK (KRX:034730) for 2.3 trillion won in cash, with plans for separate talks to acquire the remaining 29.39% stake from SK Group Chairman Chey Tae-won, according to a bourse filing on Friday.The smart machine manufacturer said an external valuation by Deloitte Anjin estimated the 70.61% stake or 47.3 million shares between 2.09 trillion won and 2.47 trillion won, deeming the agreed price appropriate.The transaction, estimated to close by Jan. 31 2027, valued at 6.98% of Doosan's total assets and 18.8% of its equity, aims to secure a foundation for mid-to-long-term growth through business diversification.The deal includes an excess profit-sharing mechanism tied to SK Siltron's EBITDA targets through 2034, quality certification milestones, and asset sale proceeds.

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Asia1d ago

SK Inc. to Sell Controlling Stake in SK Siltron to Doosan For KRW2.3 Trillion

SK Inc. (KRX:034730) agreed to transfer 47.3 million shares it holds in SK Siltron to Doosan Corp. (KRX:000150) for 2.3 trillion won by Jan. 31, 2027, pending regulatory approvals and conditions precedent.The disposal includes 34.2 million shares currently held plus 13.1 million shares to be acquired through Total Return Swap agreements, according to a bourse filing on Monday.The transaction incorporates an excess profit-sharing mechanism tied to SK Siltron's EBITDA targets through 2034, quality certification milestones, and asset sale proceeds exceeding book value.SK Inc.'s shares fell 4%, while Doosan jumped over 4% in recent trade.

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Asia6d ago

Market Chatter: SK Inc., Doosan Corp. Near Deal on Controlling Stake Sale of 70.6% in SK Siltron

Discussions between SK Inc. (KRX:034730) and Doosan Corp. (KRX:000150) over the sale of a controlling stake of 70.6% in SK subsidiary SK Siltron are expected to conclude this week, after signing a definitive agreement was delayed, The Korea Times reported Tuesday.The parties had expected to sign a stake sale agreement in the first half of this year, but repeatedly denied any definitive deal in regulatory filings, the report said. SK Siltron's valuation has since risen from about 5 trillion won to around 7 trillion won amid a semiconductor upcycle and higher silicon wafer prices, prompting SK Inc. to delay the deal, according to the report.SK Inc. and Doosan Corp. did not immediately respond to' request for comment.Shares of SK Inc. fell nearly 12% in recent trade, while those of Doosan Corp. declined over 7%.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia8d ago

Doosan's Q2 Net Attributable Income Jumps 352%, Sales Up 5%

Doosan (KRX:000150) posted a 351.8% year-over-year increase in net income attributable to shareholders of the parent to 355.1 billion won for the second quarter ended June 30 from 78.6 billion won.Sales jumped 5.0% to 5.586 trillion won from 5.319 trillion won, according to a Monday filing with the Korea Exchange.

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Asia11d ago

Doosan to Pay Quarterly Dividend

Doosan (KRX:000150) has agreed to pay a quarterly cash dividend of 1,000 won per share for both common and preferred stock, with no differential dividend applied.The total payout amounts to approximately 17.9 billion won, based on a record date of Aug. 7 and a scheduled payment date of Aug. 25, according to a bourse filing on Thursday.

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Asia46d ago

LG CNS, Doosan Sign Deal for AI, Robotics, Data Center Business Collabs

LG CNS (KRX:064400) and Doosan Corp. (KRX:000150) signed a memorandum of understanding to collaborate on new businesses such as AX, RX, data centers, and cloud, the South Korean AI and cloud computing firm said Friday.Under the agreement, the two firms will establish a business cooperation promotion body and finalize detailed operating plans within a month of the MoU signing to bring together their core competencies, the release said.Shares of LG CNS fell nearly 5% at market close.

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Asia88d ago

Pharmicell Wins KRW8 Billion Contract from Doosan Electronics BG

Pharmicell (KRX:005690) secured a deal to supply Doosan Corp. (KRX:000150) subsidiary Doosan Electronics BG with electronic materials, according to a Friday filing with the Korea Exchange.The contract, valued at 8.07 billion won, is valid until July 31.

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