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KRX:015760

12 stories mentioning KRX:015760Updated 5d ago

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Asia

Tech Sell-Off Drags South Korean Equities Down, Triggering Circuit Breakers

South Korean stocks plunged on Tuesday as a sharp sell-off in semiconductor heavyweights dragged the benchmark KOSPI down over 10%, triggering market-wide circuit breakers. Shares of major market movers Samsung Electronics (KRX:005930), SK Hynix (KRX:000660), and LG Energy Solution (KRX:373220) declined 13%, 15%, and 6%, respectively.The Korea Composite Stock Price Index, or Kospi, decreased by 732.09 points, or 10.8%, to end at 6,023.66. The Kosdaq also declined by 59.01 points, or 7.7%, to close at 705.85.In economic news, South Korea's consumer sentiment improved in July, with the Composite Consumer Sentiment Index rising 0.2 points to 106.8, according to data from the Bank of Korea on Tuesday.The reading compared with the 106.6 level recorded in the previous month. A reading above 100 indicates optimism, while a reading below suggests a deteriorating outlook.Inflation expectations for the upcoming 12 months fell 0.1 percentage point to 2.7%.In corporate news, Daewoo Engineering & Construction (KRX:047040) secured a contract worth 273 billion won from Korea Electric Power (KRX:015760) subsidiary Korea South-East Power for the design, procurement, and technical support for a heat and power plant.Under the contract, Daewoo Engineering & Construction will supply gas and steam turbine generators, heat recovery steam generators, and related equipment for the Songsan combined heat & power plant in Gyeonggi province's Hwaseong, according to a Tuesday filing with the Korea Exchange.The contract runs from July 27, 2026, to Nov. 30, 2029.Shares of Daewoo Engineering & Construction plunged 12% at market close, while those of Korea Electric Power fell 7%.

^KOSDAQKOSPIKRX:000660KRX:005930KRX:015760KRX:047040KRX:373220
Asia

Daewoo E&C Wins KRW273 Billion CHP Equipment Contract from Korea South-East Power; Shares Decline 13%

Daewoo Engineering & Construction (KRX:047040) secured a contract worth 273 billion won from Korea Electric Power (KRX:015760) subsidiary Korea South-East Power for the design, procurement, and technical support for a heat and power plant.Under the contract, Daewoo Engineering & Construction will supply gas and steam turbine generators, heat recovery steam generators, and related equipment for the Songsan combined heat & power plant in Gyeonggi province's Hwaseong, according to a Tuesday filing with the Korea Exchange.The contract runs from July 27, 2026, to Nov. 30, 2029.Shares of Daewoo Engineering & Construction plunged 13% in recent trade, while those of Korea Electric Power fell over 6%.

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Asia

KC Cottrell Wins Construction Order from Korea South-East Power

KC Cottrell (KRX:119650) secured a construction order from Korea Electric Power Corporation (KRX:015760) subsidiary Korea South-East Power, according to a Wednesday filing with the Korea Exchange.The contract, valued at 8.63 billion won, is valid till Dec. 29, the environmental industry technology provider said.Under the deal, KC Cottrell will replace the collecting plates and discharge electrodes for the electrostatic precipitator at Korea South-East Power's Yeongheung Unit 5. The contract amount, contract period, and other details are subject to change depending on the progress of the construction.Shares of Korea Electric Power added nearly 1% at market close.

KRX:015760KRX:119650
Asia

Korea Electric Power Files for Singapore Listing of $700 Million Bonds

Korea Electric Power (KRX:015760) filed for the listing of $700 million worth of bonds on the Singapore bourse, according to a filing with the Singapore Exchange on Tuesday.The electricity provider filed for $400 million worth of floating-rate senior unsecured bonds due 2029 and $300 million worth of 4.750% senior unsecured bonds due 2031.The bonds will be listed and quoted on the Bonds Market on July 22, the company said.

^STIKRX:015760
Asia

Korea Electric Power to Keep Electricity Rates Unchanged in Q3

South Korea's state-run Korea Electric Power (KRX:015760) plans to keep its electricity rates unchanged at a maximum level of 5 won per kilowatt-hour (kWh) for the July-September quarter, according to a Monday release.KEPCO has kept the adjusted fuel cost steady at 5 won since Q3 2022, according to Yonhap News, the same day.The fuel cost adjustment rate for the third quarter was supposed to be lowered by 3.4 won per kWh, but was kept unchanged after the South Korean government announced that the current electricity rates would be kept steady to lower the effect of higher electricity rates on public livelihoods.

KRX:015760
Asia

South Korean Shares Close Higher for Fifth Day on Chip Stock Gains

South Korean shares extended their winning streak for a fifth consecutive session on Wednesday, owing to a rally by key chipmakers in the country, such as Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660), which added over 1% and nearly 6% at day's end.The benchmark Korea Composite Stock Price Index, or Kospi, increased by 1.6%, or 137.64 points, to close at 8,864.24. The Kosdaq also rose by 1.3%, or 13.28 points, to end at 1,031.96.In corporate news, Taihan Cable & Solution (KRX:001440) secured a supply order for HVDC XLPE power cables and related accessories from Korea Electric Power Corporation (KRX:015760), according to a filing with the Korea Exchange on Wednesday.The contract, valued at 133.02 billion won, excluding VAT, is valid until March 27, 2028.Shares of both Taihan Cable & Solution added over 1% at market close, while those of Korea Electric Power added nearly 2%.In other news, Kolon (KRX:002020) subsidiary Kolon Global (KRX:003070) secured a street housing redevelopment project in Majang-dong district 3 in Seoul, according to a Wednesday filing with the Korea Exchange.The project is valued at 103.4 billion won.Shares of Kolon added nearly 1% at market close.

^KOSDAQKOSPIKRX:000660KRX:001440KRX:002020KRX:003070KRX:005930KRX:015760
Asia

Taihan Cable Wins KRW133.02 Billion Supply Deal for HVDC XLPE Power Cables

Taihan Cable & Solution (KRX:001440) secured a supply order for HVDC XLPE power cables and related accessories from Korea Electric Power Corporation (KRX:015760), according to a filing with the Korea Exchange on Wednesday.The contract, valued at 133.02 billion won, excluding VAT, is valid until March 27, 2028.Shares of both Taihan Cable & Solution and Korea Electric Power rose over 4% in recent trade.

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Asia

Posco International Signs LNG Terminal, Pipeline Agreement with KEPCO Subsidiary

Posco International (KRX:047050) secured a head of agreement for the use of a liquefied natural gas (LNG) terminal and direct pipeline from Korea Electric Power Corporation (KRX:015760) subsidiary Korea Southern Power, according to a Thursday filing with the Korea Exchange.The contract, valued at 975.1 billion won, is valid till Dec. 31, 2059.Shares of Posco International fell more than 2% in recent trade.

KRX:015760KRX:047050
Asia

DL E&C Wins Jeju Clean Energy Power Plant Equipment Order from Korea East-West Power

DL E&C (KRX:375500) secured a conditional purchase order of the Jeju clean energy combined cycle power plant power block and auxiliary facilities from Korea Electric Power Corporation (KRX:015760) subsidiary Korea East-West Power.The order, valued at 499.9 billion won, is valid till Apr. 30, 2030, the construction company said in a Friday filing with the Korea Exchange.Shares of DL E&C rose nearly 1% at market close, while those of Korea Electric Power Corporation fell nearly 2%.

KRX:015760KRX:375500
Asia

LG CNS Secures Deal for Korea Electric Power Corp's Sales, Distribution System

LG CNS (KRX:064400) secured an information strategic planning consulting project for Korea Electric Power Corp's (KRX:015760) next-generation sales and distribution system.The South Korean artificial intelligence and cloud computing company said Tuesday it will overhaul the operational framework of the electric utility's sales and distribution system to support and boost its public services.Shares of LG CNS added nearly 4% while those of Korea Electric Power fell about 5% at market close.

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Asia

Nomura Adjusts Korea Electric Power's Price Target to KRW61,000 From KRW68,000, Keeps at Buy

Korea Electric Power (KRX:015760) has an average rating of overweight and mean price target of 64,062.50 won, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

KRX:015760
Asia

Kepco E&C Wins KRW33 Billion Contract from Korea Hydro

Kepco Engineering & Construction (KRX:052690) secured an emergency technical support service contract for operating nuclear power plants from Korea Electric Power (KRX:015760) subsidiary Korea Hydro & Nuclear Power.The contract, valued at 33.4 billion won, is valid till April 13, 2027, according to a Thursday filing with the Korea Exchange.Shares of Kepco Engineering & Construction closed 6% higher, while those of Korea Electric Power Corporation gained over 3%.

KRX:015760KRX:052690

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