Korean Firms Announce Buybacks, Supply Deals and Investments

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By Lee Duk-yeongravity@sedaily.com
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▲Ottogi (007310) — One worker died at a plant operated by its subsidiary Ottogi SF. ▲Dalba Global (483650) — Signed a trust agreement to acquire and cancel 15 billion won ($10.8 million) worth of treasury shares. ▲Mirae (025560) — Signed a 53 billion won ($38.2 million) contract to supply semiconductor equipment to Inning Trading. ▲Union Materials — Issued notice convening an extraordinary shareholders meeting on Oct. 13, with agenda items including a decision on a share consolidation. ▲Younghwa Metal (012280) — Decided to cancel 1 billion won worth of treasury shares.

▲TeraView (950250) — Signed a 1.3 billion won contract to supply inspection equipment to Covalant of the United States. ▲Stormtec (352090) — Decided to invest 10.8 billion won ($7.8 million) to expand production lines and business facilities. ▲Chips&Media (094360) — Decided to acquire and cancel 12.9 billion won ($9.3 million) worth of treasury shares. ▲UDMTEK (389680) — Appointed Cho Sang-gu as co-chief executive officer.

Original reporting by Lee Duk-yeon 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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