February 24, 2014

KOREA

Company News & Analysis Major Indices Close Chg Chg (%) (004800/Buy/TP: W95,000) Reinstate coverage KOSPI 1,949.05 -8.78 -0.45 Dark clouds are lifting KOSPI 200 254.01 -1.21 -0.47 KOSDAQ 526.34 -2.17 -0.41

Economy & Strategy Update Turnover ('000 shares, Wbn) March Monthly Strategy Volume Value KOSPI 191,774 2,831 discount easing KOSPI 200 47,568 2,199 Fixed Income Weekly KOSDAQ 297,187 1,513 Time of patience and endurance Market Cap (Wbn) Value KOSPI 1,153,968 KOSDAQ 127,625

KOSPI Turnover (Wbn) Buy Sell Net Foreign 763 764 -1 Institutional 621 683 -62 Retail 1,421 1,358 63

KOSDAQ Turnover (Wbn) Buy Sell Net Foreign 79 84 -5 Institutional 66 63 3 Retail 1,368 1,356 12

Program Buy / Sell (Wbn) Buy Sell Net KOSPI 514 565 -52 KOSDAQ 11 17 -6

Advances & Declines Advances Declines Unchanged KOSPI 338 456 81 KOSDAQ 404 524 68

KOSPI Top 5 Most Active Stocks by Value (Wbn) Price (W) Chg (W) Value KODEX LEVERAGE 11,385 -80 204 Electronics 1,328,000 -2,000 194 NHN 684,000 -21,000 177 KODEX INVERSE 7,800 30 136 NCsoft 188,000 -15,000 132

KOSDAQ Top 5 Most Active Stocks by Value (Wbn) Price (W) Chg (W) Value Koentec 3,640 125 59 Diostech 13,150 500 42 47,150 100 36 Alphachips 6,410 0 30 Cheil Bio 3,580 265 25 Note: As of February 24, 2014

This document is a summary of a report prepared by Daewoo Securities Co., Ltd. (“Daewoo”) and published on our website. Please review the compliance notices contained in the original report. Information and opinions contained herein have been compiled in good faith from sources deemed to be reliable. However, the information has not been independently verified. Daewoo makes no guarantee, representation or warranty, express or implied, as to the fairness, accuracy or completeness of the information and opinions contained in this document. Daewoo accepts no responsibility or liability whatsoever for any loss arising from the use of this document or its contents or otherwise arising in connection therewith. Information and opinions contained herein are subject to change without notice. This document is for informational purposes only. It is not and should not be construed as an offer or solicitation of an offer to purchase or sell any securities or other financial instruments. This document may not be reproduced, further distributed or published in whole or in part for any purpose.

Hyosung (004800 KS) Dark clouds are lifting

Leading global supplier of spandex and tire cords Hyosung is a multi-industry company whose business portfolio ranges from textiles to Chemicals industrial materials, power and industrial systems, and chemicals. The company is the world’s largest supplier of spandex (textiles) and polyester tire cords (industrial materials), controlling 21% and 44% of the respective global markets. The power and Initiation Report industrial systems division manufactures power equipment such as transformers, while February 24, 2014 the chemicals division mainly produces polypropylene (PP) and terephthalic acid (TPA).

Spandex and tire cords poised to benefit from global recovery

(Initiate) Buy Zhejiang Huafon Spandex, ’s leading spandex maker, has seen its share price more than double since the beginning of 2013. The firm’s OP margin has improved to an Target Price (12M, W) 95,000 estimated 13% in 2013 from break-even levels in 2012, and is expected to rise to 20% in 2014 based on the market consensus.

Share Price (02/21/14, W) 69,900 The supply and demand balance of the spandex market has been visibly improving. The market struggled with overcapacity due to increased supply in 2011, but spare capacity Expected Return 36% has now been largely absorbed thanks to improving demand and zero capacity additions through 2013. Given that new capacity usually takes at least a year to build, we see

limited upside to supply through 1H15. Furthermore, cost pressures have eased on OP (13P, Wbn) 480 increasing overcapacity of polytetramethylene ether glycol (PTMEG; the main feedstock Consensus OP (13F, Wbn) 571 for spandex) since 2013. If textile demand picks up in 2014, led by the US and Europe, this would lead to an accelerated rise in spandex margins. EPS Growth (13P, %) - Market EPS Growth (13F, %) 4.3 Polyester tire cords, the company’s core industrial materials product, also grappled with P/E (13P, x) - a supply glut following major capacity expansion efforts in 2011-12. However, there Market P/E (13F, x) 12.4 have been no significant capacity increases since then. This, combined with Toyobo’s KOSPI 1,957.83 withdrawal from the polyester tire cord market, has effectively removed excess capacity. We thus project tire cord margins to normalize once tire demand recovers. Market Cap (Wbn) 2,455 Shares Outstanding (mn) 35 We expect Hyosung to deliver strong textile and industrial materials earnings in 2Q-3Q Free Float (%) 64.6 on tight spandex and tire cord supply and pickups in textile and tire demand. Power and Foreign Ownership (%) 30.2 industrial systems should be able to at least break even, as low-priced orders have Beta (12M) 1.43 mostly been cleared. We see overall 2014 operating profit climbing 33% to W636.1bn. 52-Week Low 49,100 52-Week High 79,000 Initiate coverage with Buy & TP of W95,000; Top mid-/small-cap chemicals pick We initiate our coverage on Hyosung with a Buy rating and target price of W95,000. (%) 1M 6M 12M We derived our target price by applying a 10% discount to 1.2x 2014F BPS (ROE of Absolute 0.9 -4.6 11.3 12.6%). Hyosung has consistently traded at a discount since 2011, affected by: 1) Relative 1.2 -9.0 14.6 sluggish power & industrial systems earnings, 2) financial risks from its E&C affiliate

140 Hyosung KOSPI Chinhung, and 3) a high gearing ratio. With regard to the first point, we see little cause 130 for concern since most of the power & industrial systems unit’s low-priced orders have 120 been cleared. Second, even if in a worst-case scenario the company needs to inject more 110 capital into Chinhung, we think Hyosung’s current valuation is still cheap given the 100 90 expected earnings improvement of its core businesses. Third, although the company’s 80 debt ratio remains high (over 400% as of end-2013), we expect cash flow to improve 70 and debt ratio to fall as operating conditions pick up and capital spending declines. 2.13 6.13 10.13 2.14 Overall, the stock’s valuation should return to normal as these discount factors fade.

Daewoo Securities Co., Ltd. FY (12) 12/10 12/11 12/12 12/13P 12/14F 12/15F Revenue (Wbn) 10,147 11,342 12,612 12,670 12,568 12,621 [Oil Refining/Chemicals] OP (Wbn) 739 278 189 480 636 655 Yeon-ju Park OP margin (%) 7.3 2.5 1.5 3.8 5.1 5.2 +822-768-3061 NP (Wbn) 306 -45 122 -241 347 370 [email protected] EPS (W) 8,706 -1,281 3,486 -6,865 9,885 10,522 ROE (%) 10.8 -1.5 4.2 -8.7 12.5 11.9 Young-jee Bae +822-768-4123 P/E (x) 12.2 - 21.1 - 7.1 6.6 [email protected] P/B (x) 1.2 0.6 0.9 0.9 0.8 0.7 Notes: All figures are based on consolidated K-IFRS; NP refers to net profit attributable to controlling interests Source: Company data, KDB Daewoo Securities Research estimates

Analysts who prepared this report are registered as research analysts in Korea but not in any other jurisdiction, including the U.S. PLEASE SEE ANALYST CERTIFICATIONS AND IMPORTANT DISCLOSURES & DISCLAIMERS IN APPENDIX 1 AT THE END OF REPORT.

March Monthly Strategy Korea discount easing

Korea discount easing

While major global stock markets are nearing their previous highs, the KOSPI remains Strategy Report trapped in a trading range. However, we note that many of the discount factors that have weighed on the Korean stock market have significantly eased. February 24, 2014 The KOSPI has underperformed the MSCI World Index since 2H11 for the following : 1) the economic slowdown in China, 2) the US’s tapering and the spillover of emerging Daewoo Securities CCo.,o., Ltd. market jitters, 3) concerns about Abenomics, 4) falling domestic housing prices, and 5)

Strategist capital outflow from domestic equity-type funds.

Hak-kyun Kim On a positive note, the aforementioned factors, except for the Chinese economy, are +822-768-4164 improving markedly. We expect China’s growth to slow this year due to its reform [email protected] efforts. If the economic downturn accelerates, however, we beli eve the Chinese

government would intervene and introduce additional stimulus.

Recent weak Chinese economic data are attributable to corrections following recovery in 2H13. Going forward, the country’s economy is expected to show repetitive patterns of tur ning down when outlook becomes more optimistic, but rebounding aided by stimulus

policies when outlook turns more pessimistic.

Historically, the KOSPI outperformed the global market in the following year after it had underperformed the MSCI World Index by over 10%p (except during the Asian financial crisis).

As most discount factors have eased, we expect the KOSPI to display healthy performance in 2014.

Annual growth in MSCI World Index and KOSPI (%, YoY) 100 MSCI World 80 KOSPI

60 Asian financial crisis was an exception 37.5 40 32.3 16.2 20.2 20 15.8 14.4 18.4 11.1 14.4 ? 5.2 3.0 0 -1.6 4.0 -12.2 -11.7 -20 -14.1 -14.4 Rally followed -26.2 -40 bearish year -42.2 -60 -50.9 90 92 94 96 98 00 02 04 06 08 10 12 14

Source: Bloomberg, KDB Daewoo Securities Research

Analysts who prepared this report are registered as research analysts in Korea but not in any other jurisdiction, including t he U.S. PLEASE SEE ANALYST CERTIFICATIONS AND IMPORTANT DISCLOSURES & DISCLAIMERS IN APPENDIX 1 AT THE END OF REPORT.

Fixed Income Weekly Time to be patient

Recovery seems to be continuing despite growing doubts Despite weakening US economic data and concerns over China’s slowdown, we believe Fixed Income Report that the global economic recovery remains on track. In the US, the private sector is February 24, 2014 anticipated to support the economy starting in 2Q, and China will take various measures to prevent an economic hard landing.

Daewoo Securities CCo.,o., Ltd. As financial jitters (caused by US tapering and a slowing Chinese economy) in emerging economies started to ease in mid-February, investors’ risk appetite has picked up again. [Fixed Income] The 10-year UST yield jumped to the mid-2.7 % range from a low of 2.57% (reached

Yeo-sam Yoon when the January ISM manufacturing reading was released), while the S&P 500 index is +822-768-4022 approaching its all-time high. In emerging economies, share prices, F/X and interest rates [email protected] are all stabilizing despite heightened geopolitical risks in Ukraine, Thailand, and Nigeria.

Hyun-joo Lee Two months into 2014, the direction of domestic bond yields is still unclear. Three-year +822-768-3517 [email protected] and 10-year KTB yields have remained range-bound, moving within 2.82-2.92% and . 3.48%-3.70%, respectively

As stressed in our previous reports, we believe that investors could be able to find short- term trading opportunities until uncertainties ease in end-March. Also, we have advised investors to see any yield drop as an opportunity to manage risks. We do not expect an y risk factors that could drag down the economy to materialize. However, investing opportunities may be limited in light of unfavorable domestic supply and demand conditions and wide expectations for base rate cuts.

In addition, the Citi Economic Surprise Index for the US has recently turned negative

, lowering expectations for the economic recovery, which had climbed on solid 4Q13 economic data. Still, w e expect the economic recovery to gain momentum again starting in 2Q, leading yields to climb steadily.

The 10-year KTB auction conducted last week had been expected to stoke robust demand from long-term institutional investors. However, recent institutional buying has remained lower than the 2013 average. In order to see robust bond purchases by domestic institutional investors, a major event like the shutdown of the US federal government in September-October of last year needs to take place.

In early-February, capital inflow from European government funds, namely Norway’s, appeared to bring down bond yields. However, over W1.4tr worth of monetary stabilization funds (shorter than one-year maturity) were sold on the 20 th , sharply pushing up supply in the market. Big funds that saw losses on Eastern European investments are believed to have largely withdrawn their capital—and they showed no signs of reinvestment on the following day. Historically, foreign investors’ bond holdings have never increased amid declines in large foreign funds’ net asset value. In addition, KTB futures prices have fallen to 20-day moving average levels, which is likely to further weigh down foreign investors’ demand.

January industrial output data due this week are expected to show a 1.0% YoY drop due to fewer operating days in the month. February exports are anticipated to improve just 0.5% YoY owing to slowing economic momentum in the US and China. However, we still believe that the Korean economy remains on an upward trajectory on the back of robust domestic demand.

Analysts who prepared this report are registered as research analysts in Korea but not in any other jurisdiction, including t he U.S. PLEASE SEE ANALYST CERTIFICATIONS AND IMPORTANT DISCLOSURES & DISCLAIMERS IN APPENDIX 1 AT THE END OF REPORT.

Key Universe Valuations February 24, 2014

※All data as of close February 21, 2014, unless otherwise noted.

13F Earnings growth Mkt Cap Price P/E (x) P/B (x) ROE (%) Ticker Company Div Yield OP EPS (Wbn) (W) (%) 13F 14F 13F 14F 13F 14F 13F 14F 13F 14F 005930 195,614 1,328,000 1.1 26.6 -2.1 28.2 -1.7 7.6 7.7 1.5 1.3 22.6 18.5 005380 Hyundai Motor 50,113 227,500 0.9 -1.4 3.7 -0.2 0.5 7.6 7.6 1.2 1.1 17.8 15.4 012330 30,323 311,500 0.7 0.6 7.7 -3.9 10.4 8.9 8.0 1.5 1.3 18.5 17.2 000660 SK Hynix 27,591 38,850 - 32.1 - 38.2 9.6 6.9 2.1 1.6 25.1 26.3 005490 POSCO 25,153 288,500 2.8 -18.0 34.2 -44.1 60.9 18.3 11.4 0.6 0.6 3.4 5.2 015760 KEPCO 23,560 36,700 - 280.7 - 3070.8 332.0 10.5 0.5 0.4 0.1 4.4 035420 NAVER 22,546 684,000 0.1 -25.4 79.0 -12.2 108.5 68.7 32.9 12.0 9.4 19.7 41.8 000270 Motors 21,363 52,700 1.3 -9.8 -4.9 -1.3 -6.2 5.6 6.0 1.1 0.9 20.6 16.4 055550 21,244 44,800 - - - - 0.0 0.0 032830 Samsung Life 20,100 100,500 - - - - 0.0 0.0 009540 Hyundai Heavy 17,062 224,500 1.1 -49.7 19.3 -49.8 53.6 34.5 22.5 0.9 0.9 2.9 4.3 017670 SK Telecom 16,997 210,500 4.5 15.1 14.6 34.1 17.3 11.0 9.4 1.5 1.4 12.3 13.0 051910 LG Chem 16,502 249,000 1.6 -8.8 15.2 -15.4 21.8 14.5 11.9 1.6 1.4 11.4 12.6 105560 KB Financial Group 15,029 38,900 - - - - 0.0 0.0 096770 SK Innovation 12,390 134,000 2.4 -18.7 32.1 -34.9 66.4 16.3 9.8 0.8 0.7 4.9 7.8 086790 11,828 40,800 - - - - 0.0 0.0 000810 Samsung F&M 11,086 234,000 - - - - 0.0 0.0 033780 KT&G 10,393 75,700 4.2 -2.2 4.1 -22.7 33.0 18.2 13.7 1.9 1.8 11.0 14.0 066570 LG Electronics 10,048 61,400 0.5 13.1 31.2 164.7 329.1 62.8 14.6 1.1 1.0 1.5 6.3 000830 Samsung C&T 9,795 62,700 0.8 -5.0 35.4 -22.8 36.9 29.0 21.2 1.0 1.0 3.1 4.2 003550 LG Corp. 9,491 55,000 1.8 -11.3 19.9 -1.4 11.5 10.5 9.4 0.8 0.8 8.0 8.5 034220 LG Display 9,267 25,900 1.9 27.6 -31.7 82.5 38.3 21.8 15.7 0.9 0.9 4.1 5.5 004020 9,044 77,600 0.6 -12.7 63.8 -23.5 20.4 10.9 9.0 0.6 0.6 6.0 6.9 086280 8,344 222,500 0.7 3.8 10.6 -3.3 17.1 17.3 14.8 3.6 2.9 22.6 21.8 003600 SK Holdings 8,265 176,000 1.4 -21.2 47.5 -50.5 117.9 16.1 7.4 0.7 0.6 4.5 9.2 010140 Samsung Heavy 7,931 34,350 1.5 -24.2 9.8 -20.6 34.6 12.6 9.3 1.2 1.1 11.4 13.8 161390 7,680 62,000 1.0 234.1 9.7 235.0 9.6 9.9 9.0 2.0 1.7 21.7 19.7 030200 KT 7,598 29,100 2.7 -28.0 -2.4 -92.5 229.2 95.2 28.9 0.8 0.8 0.7 2.2 010950 S-Oil 7,464 66,300 2.1 -48.9 136.0 -46.8 132.8 24.8 10.7 1.4 1.3 5.8 12.8 024110 7,210 13,050 - - - - 0.0 0.0 011170 Lotte Chemical 7,181 209,500 0.5 31.1 57.9 -4.0 80.6 22.1 12.2 1.1 1.0 5.2 8.9 034730 SK C&C 6,975 139,500 0.9 12.2 11.8 -46.6 145.2 36.7 15.0 2.5 2.2 8.3 18.1 006400 Samsung SDI 6,970 153,000 1.0 - - -91.1 191.1 55.3 19.0 1.0 0.9 1.8 5.1 042660 DSME 6,833 35,700 0.7 -12.8 27.5 64.0 19.3 18.8 15.7 1.4 1.3 7.5 8.4 051900 LG Household & Health Care 6,755 432,500 0.9 11.4 10.2 17.2 8.4 21.5 19.8 5.0 4.1 26.5 23.4 035250 6,686 31,250 2.9 10.5 13.8 18.4 12.5 19.0 16.9 2.4 2.3 14.2 14.7 090430 Amorepacific 6,612 1,131,000 0.6 -4.1 10.1 -2.1 14.9 29.6 25.7 3.3 2.9 10.8 11.3 010130 Korea Zinc 6,576 348,500 1.4 -18.8 34.3 -16.0 35.5 14.0 10.3 1.6 1.4 11.6 14.1 000720 Hyundai E&C 6,537 58,700 0.9 6.2 10.7 -2.5 9.6 13.2 12.0 1.3 1.2 10.5 10.5 036460 KOGAS 6,314 68,400 2.4 17.5 3.4 - - - 17.8 0.8 0.8 - 4.4 088350 Hanwha Life 6,045 6,960 - - - - 0.0 0.0 001800 Orion 5,323 891,000 0.3 -1.2 2.6 -1.2 9.8 35.5 32.3 5.1 4.4 14.2 13.7 021240 COWAY 5,268 68,300 3.1 43.3 5.3 118.9 -2.9 20.1 20.7 6.2 5.2 30.5 25.5 009150 Samsung Electro-Mechanics 5,064 67,800 1.5 -20.1 -5.0 -25.1 -4.2 15.9 16.6 1.3 1.3 8.2 7.5 010060 OCI 4,722 198,000 0.2 - - - - - 84.5 1.7 1.6 - 1.9 078930 GS 4,627 49,800 2.7 -19.3 42.4 -23.3 37.2 12.4 9.1 0.7 0.7 5.9 7.7 047050 Daewoo International 4,612 40,500 0.7 8.9 104.9 -37.6 165.9 33.4 12.5 2.0 1.8 6.2 15.1 032640 LG Uplus 4,519 10,350 1.4 327.7 20.3 - 43.5 16.2 11.3 1.4 1.2 7.2 9.5 011210 4,181 162,500 0.3 -1.9 11.1 -0.8 11.2 10.1 9.1 2.0 1.6 20.3 18.6 018880 Halla Climate Control 4,180 39,150 2.1 17.4 7.7 16.4 8.1 13.4 12.4 2.5 2.2 20.0 18.7 Source: KDB Daewoo Securities Research

Market Data February 24, 2014

※All data as of close February 24, 2014, unless otherwise noted.

Other Major Indices Economic Indicators Close Net Chg 1D (%) YTD (%) Close 1D ago 1M ago 1Y ago MSCI Korea* 420.59 8.19 1.99 -4.96 USD/KRW 1,073.10 1,071.90 1,071.90 1,084.10 KOSPI 1,949.05 -8.78 -0.45 -0.92 JPY100/KRW 1,046.31 1,047.24 1,037.66 1,165.07 KOSDAQ 526.34 -2.17 -0.41 6.06 EUR/KRW 1,474.49 1,470.65 1,468.07 1,430.09 Dow Jones* 16,103.30 -29.93 -0.19 -2.06 3Y Treasury 2.87 2.88 2.86 2.69 S&P 500* 1,836.25 -3.53 -0.19 0.23 3Y Corporate 3.30 3.30 3.29 3.03 NASDAQ* 4,263.41 -4.14 -0.10 2.90 DDR2 1Gb* 1.77 1.79 1.72 1.29 Philadelphia Semicon* 561.21 -2.85 -0.51 6.34 NAND 16Gb* 3.09 3.10 3.42 1.96 FTSE 100* 6,838.06 25.07 0.37 1.79 Oil (Dubai)* 106.74 106.78 103.55 109.39 Nikkei 225 14,837.68 -27.99 -0.19 -6.73 Gold* 1,323.90 1,317.10 1,241.80 1,578.20 Hang Seng* 22,568.24 174.16 0.78 -3.31 Customer deposits (Wbn)* 13,542 13,625 13,622 17,616 Taiwan (Weighted) 8,560.61 -41.25 -0.48 -0.60 Equity type BC (Wbn)(Feb. 20) 84,301 84,467 84,361 93,175 Note: * as of February 21, 2014 Source: KSDA, Wisefn, DRAMeXchange, MSCI

KOSPI Top 10 Foreign Net Buy / Net Sell (Wbn) KOSPI Top 10 Institutional Net Buy / Net Sell (Wbn) Net Buy Net Sell Net Buy Net Sell Samsung Electronics 25.68 NCsoft 38.33 KODEX INVERSE 19.08 Hynix 20.18 Hynix 17.17 Hyundai Motor 16.64 Hyundai Motor 17.10 NHN 19.26 SK Energy 11.96 15.77 Hyosung Corp. 10.34 KODEX LEVERAGE 15.04 NHN 8.86 LG Household & Health Care 7.71 GS Construction 10.13 Honam Petrochemical 14.85 Hana Financial Group 8.22 Samsung Electronics (P) 7.28 DSME 9.90 KT 14.39 Korea Plant Service & 7.77 KODEX 200 6.96 SK C&C 9.26 Hyundai Steel 10.14 Engineering KT 6.43 SK C&C 5.34 Samsung Life Insurance 8.90 SK Energy 9.24 Hyundai Mobis 6.19 Hyundai Eng. & Cosnt. 5.08 Samsung Electronics (P) 8.69 NHN Entertainment 7.86 LG Electronics 5.73 4.99 SK Corp. 7.11 LG Electronics 7.35 LG Display 5.02 Hyosung Corp. 4.56 Samsung Electronics 7.04 Hyundai Mobis 7.02 Source: KSDA, Wisefn

KOSDAQ Top 10 Foreign Net Buy / Net Sell (Wbn) KOSDAQ Top 10 Institutional Net Buy / Net Sell (Wbn) Net Buy Net Sell Net Buy Net Sell Celltrion 2.60 InkTec 5.18 Diostech 2.86 SFA Engineering 2.56 NaturalendoTech 1.75 Daum Communications 3.20 Sung Kwang Bend 2.13 Solueta 1.83 Paradise 1.28 Koentec 1.56 CJ E&M 2.01 SM 1.47 Techno Semichem 1.08 KH Vatec 1.03 GOLFZON 1.82 Gamevil 1.23 Korea Information Service 0.97 Sung Kwang Bend 1.02 Semiconductor 1.50 Paradise 1.16 Modetour Network 0.79 Solid Technologies 0.96 CTC Bio 1.21 Wemade 1.10 SundayToz 0.75 Amotech 0.95 Sung Woo HiTech 1.17 Vieworks 0.86 HY-LOK Corp. 0.75 Ana-Gook Pharm. 0.90 HANS BIOMED 1.04 Nongwoo Bio 0.85 PSK 0.72 CJ E&M 0.84 Sekonix 1.01 GS Home Shopping 0.82 Diostech 0.71 Duk San Hi Metal 0.81 Ezwel 0.93 Daum Communications 0.77 Source: KSDA, Wisefn

KOSPI Top 10 by Market Cap (Wbn) KOSDAQ Top 10 by Market Cap (Wbn) Close (W) Chg (W) Mkt Cap Close (W) Chg (W) Mkt Cap Samsung Electronics 1,328,000 -2,000 195,614 Celltrion 47,150 100 4,739 Hyundai Motor 227,500 -500 50,113 Seoul Semiconductor 46,950 -450 2,737 Hyundai Mobis 311,500 -1,000 30,323 Paradise 27,700 -50 2,519 Hynix 38,850 -450 27,591 CJ O Shopping 390,000 -2,500 2,420 POSCO 288,500 -1,500 25,153 Ssangyong E&C 136,800 0 1,999 KEPCO 36,700 -500 23,560 GS Home Shopping 262,000 -1,100 1,719 Samsung Electronics (P) 1,020,000 -4,000 23,290 Dongsuh 15,700 -50 1,565 NHN 684,000 -21,000 22,546 CJ E&M 36,800 -1,100 1,425 Kia Motors 52,700 -800 21,363 SK Broadband 4,700 -30 1,391 Shinhan Financial Group 44,800 100 21,244 POSCO ICT 7,670 90 1,166 Source: