Korea Gas to Invest 6.8 Trillion Won in Iraq Oil Field

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By Park Shin-wonshin@sedaily.com
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Jinyang Chemical (051630) — CEO Lim Kyung-sub bought 8,134 treasury shares on the open market, raising the stake to 0.08%. Jinyang Poly — CEO Choi Jae-ho bought 5,000 treasury shares on the open market, raising the stake to 0.03%. KCC — Disclosed a corporate value-up plan including a new special dividend and treasury share cancellation. Korea Gas Corporation — Will invest 6.82 trillion won ($4.9 billion) in the development and production of the Zubair oil field in Iraq; average daily crude output in the first half of this year was about 381,000 barrels, with cumulative earnings of about 200.2 billion won. IS Dongseo — Signed a 10 billion won treasury share acquisition trust agreement with KB Securities. KEPCO Engineering & Construction — A former executive director was sentenced to eight months in prison, suspended for two years, and fined 5 million won on appeal at the Seoul Central District Court on charges including occupational embezzlement; the embezzled amount totaled 60.5 million won.

Woori Technology (032820) — Signed an 8.47 billion won contract with Korea Hydro & Nuclear Power to develop, sell and supply materials for PMS equipment upgrades at Kori Units 3 and 4. XII Lab — Signed a 2.78 billion won single supply contract with Algorix Corporation for NVIDIA DGX Rubin NVL8 and the software platform NVIDIA AI Enterprise. Focus AI — Decided on an 8.11 billion won third-party allotment paid-in capital increase to Chulim & Science, issuing 399,361 common shares, with the new shares scheduled to list on September 16. Tovis — Decided to cancel 281,056 treasury shares worth 3.5 billion won to enhance shareholder value.

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Original reporting by Park Shin-won for Seoul Economic Daily.

AI-translated from Korean. Quotes from foreign sources are based on Korean-language reports and may not reflect exact original wording.

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