April 10, 2015

KOREA

Company News & Analysis Major Indices Close Chg Chg (%) (008770/Buy/TP: W162,000) KOSPI 2,087.76 28.89 1.40 Another attractive buying opportunity has arrived KOSPI 200 261.95 3.62 1.40 KOSDAQ 682.02 5.06 0.75 Motors (000270 KS/Buy/TP: W57,000) Lower TP Weak 1Q15 earnings, as expected Turnover ('000 shares, Wbn) Volume Value KOSPI 647,107 6,275 KOSPI 200 103,034 4,211 KOSDAQ 594,659 4,171

Market Cap (Wbn) Value KOSPI 1,303,644 KOSDAQ 182,522

KOSPI Turnover (Wbn) Buy Sell Net Foreign 1,623 1,341 283 Institutional 1,139 1,135 4 Retail 3,470 3,751 -281

KOSDAQ Turnover (Wbn) Buy Sell Net Foreign 207 229 -22 Institutional 199 219 -20 Retail 3,754 3,699 55

Program Buy / Sell (Wbn) Buy Sell Net KOSPI 1,311 1,000 312 KOSDAQ 29 46 -17

Advances & Declines Advances Declines Unchanged KOSPI 509 313 52 KOSDAQ 517 460 62

KOSPI Top 5 Most Active Stocks by Value (Wbn) Price (W) Chg (W) Value KODEX LEVERAGE 11,730 295 354 Hynix 43,600 1,700 282 Electronics 1,490,000 7,000 281 KODEX INVERSE 7,690 -105 218 KODEX 200 26,345 300 191

KOSDAQ Top 5 Most Active Stocks by Value (Wbn) Price (W) Chg (W) Value Celltrion 75,600 2,100 245 Sansung P&C 88,500 -3,300 221 GOLFZON 15,300 -150 129 COSON 34,000 -800 97 Daum Communications 108,000 -2,300 67 Note: As of April 10, 2015

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.

Hotel Shilla (008770 KS) Another attractive buying opportunity has arrived

Hotel/Leisure 1Q15F parent OP of W51.4bn (+134.3% YoY); Robust duty-free store margins We believe that in 1Q, Hotel Shilla’s non-consolidated earnings stayed robust for the Company Report third consecutive quarter, with revenue of W732bn (+25.2% YoY) and operating profit of W51.4bn (+134.3% YoY). The company’s domestic duty-free business is likely to post April 10, 2015 revenue of W658bn (+28% YoY), operating profit of W59.7bn (+96% YoY), and OP margin of 9.1%. These robust results should be attributable to increases in inbound/outbound travel, and improvement in core profit drivers. We estimate that (Maintain) Buy downtown duty-free store revenue grew 35% YoY, and that airport duty-free store revenue expanded 18% YoY. On the other hand, we expect the hotel business to post an Target Price (12M, W) 162,000 operating loss of W8.3bn due to weak seasonality for and Jeju hotels. Meanwhile , we believe that Changi Airport operations saw a 50% QoQ decline in operating losses Share Price (4/9/15, W) 95,400 (-W15.6bn) thanks to normalization following store launches in February. We estimate 1Q consolidated operating profit to come in at W35.9bn (+65% YoY).

Expected Return 70% Hotel Shilla likely to win more downtown licenses

We believe that Hotel Shilla stands a strong chance of winning additional licenses to operate downtown duty-free shops. Unlike in the traditional retail space, new store OP (15F, Wbn) 232 openings do not necessarily lead to surges in revenue for duty-free store operators given Consensus OP (15F, Wbn) 225 the limited pool of potential customers (i.e., overseas travelers). Rather, revenue growth EPS Growth (15F, %) 111.9 is more strongly tied to traveler traffic than floor area, and performance depends largely Market EPS Growth (15F, %) 36.4 on product lineup strength/diversity, as well as ability to attract consumers facing P/E (15F, x) 24.5 significant time constraints/opportunity costs. Market P/E (15F, x) 10.7 Hotel Shilla has seen a sixfold revenue increase at its downtown Seoul duty-free shop KOSPI 2,058.87 over the past 15 years. The astonishing growth stems from the company’s 1) timely market entry, which coincided with the high growth of the outbound travel market, and Market Cap (Wbn) 3,744 2) differentiated brand lineup/price competitiveness based on years of experience in Shares Outstanding (mn) 40 product sourcing. We believe new entrants lacking global competitiveness would be Free Float (%) 81.2 unable to achieve the same level of success as Hotel Shilla and thus diminish the impact Foreign Ownership (%) 33.9 of government policies aimed at fostering the industry. Beta (12M) 1.25 52-Week Low 79,200 Another attractive buying opportunity has arrived 52-Week High 133,500 The current trajectory of Hotel Shilla shares is similar to the one seen two years ago, around the time we initiated our coverage on the firm (“Dawn of a new era,” April 18, (%)(%)(%) 1M1M1M 6M6M6M 12M12M12M 2013). At the time, meaningful changes in fundamentals were being overshadowed by Absolute -0.9 -13.3 15.5 external ne gatives. The only major differences between now and then are the specific Relative -4.1 -17.2 12.1 factors dragging down share performance: unfavorable F/X movements and uncertainties over Incheon International Airport (IIA) rents were the culprits back in 160 Hotel Shilla KOSPI 2013, while concerns over prospects for additional downtown duty-free store openings 140 are now to blame.

120 With market worries largely overblown, we believe the stock offers an attractive buying

100 opportunity at the current level, just as it did two years ago. We maintain our Buy call on Hotel Shilla with a target price of W162,000 and continue to recommend the stock 80 4.14 8.14 12.14 4.15 as our top pick in consumer discretionary.

Daewoo Securities CCo.,o., Ltd. FY (Dec.) 12/12 12/13 12/14 12/15F 12/16F 12/17F Revenue (Wbn) 2,220 2,297 2,909 3,707 4,283 5,230 [Cosmetics, Hotel/Leisure, Fashion] OP (Wbn) 129 87 139 232 350 495

Regina Hahm OP margin (%) 5.8 3.8 4.8 6.3 8.2 9.5 +822-768-4172 NP (Wbn) 101 11 73 156 246 365 [email protected] EPS (W) 2,525 270 1,837 3,892 6,158 9,128 ROE (%) 15.6 1.6 10.4 19.4 25.0 28.6

P/E (x) 17.4 246.1 49.8 24.5 15.5 10.5 P/B (x) 2.5 3.9 5.0 4.4 3.4 2.6 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 t he U.S. PLEASE SEE ANALYST CERTIFICATIONS AND IMPORTANT DISCLOSURES & DISCLAIMERS IN APPENDIX 1 AT THE END OF REPORT.

Kia Motors (000270 KS) Weak 1Q15 earnings, as expected

Auto 1Q15 preview: Weak earnings, as expected, but some positive points We forecast Kia Motors’ (Kia) 1Q15 earnings to miss the market consensus, with revenue Earnings Preview of W11.6tr (-2.8% YoY), operating profit of W514bn (-30.1% YoY), and OP margin of 4.4%. Our operating profit estimate is 9% lower than the consensus estimate of W563 bn. April 10, 2015 Net profit is estimated at W558bn, which would be a 36.3% decline from 1Q14.

Even before the quarter had ended, we anticipated weak earnings for Kia, as last year’s inventory overhang was expected to impact production in 1Q. Kia’s global utilization rate (Maintain) Buy in the quarter dropped 6.5%p YoY to 104.9%, as overseas plants (1Q14: 110% ‰ 1Q15: 101%) and Korean plants (1Q14: 112.5% ‰ 1Q15: 108%) all saw a decline in utilization Target Price (12M, W) 57,000 rate. As a result, global production declined 2.7% in 1Q15. The inventory overhang, coupled with aging models, resulted in a sharp rise in incentives (+24.5% YoY), much Share Price (04/08/15, W) 44,000 higher than the industry’s average increase of 0.2% YoY. The F/X environment was also unfavorable, as the won strengthened against all currencies except the US dollar. Although Expected Return 30% the won weakened 2.9% against the US dollar, it strengthened more than 43% against the Russian ruble, 15% against the euro, and 9.6% against the Australian dollar. OP (15F, Wbn) 2,619 Sales mix, however, was one positive note for Kia in 1Q15. Thanks to solid new car Consensus OP (15F, Wbn) 2,555 momentum from the Carnival and Sorento, the proportion of SUV sales increased to 31% (1Q14: 28%), while that of small cars fell to 52% (1Q14: 56%). EPS Growth (15F, %) -0.7 Market EPS Growth (15F, %) 36.4 Earnings to improve QoQ and YoY starting in 2Q and 3Q, respectively P/E (15F, x) 6.0 Kia’s earnings should begin to improve in 2Q15 as production increases and the new Market P/E (15F, x) 10.7 Sorento starts contributing to earnings. At the same time, as inventory of the old KOSPI 2,059.26 Sorento continues to clear out, incentive pressures should ease. In fact, Kia’s March incentives declined 6.7% MoM with the clearing out of the old Sorento. Thus, we Market Cap (Wbn) 17,836 estimate 2Q15 revenue and operating profit to increase 5.4% QoQ and 18.9% QoQ, Shares Outstanding (mn) 405 respectively, to W12.2tr and W611bn, with an OP margin of 5.0%. Free Float (%) 61.9 Foreign Ownership (%) 36.6 Kia’s next new model launches are the K5 in June and the Sportage in 4Q. We do not Beta (12M) 0.57 anticipate significant upside from the K5, as the global market trend continues to favor 52-Week Low 43,200 SUVs. Nevertheless, the K5 should help ease incentives and improve sales mix. We expect Kia’s earnings to see positive YoY growth star ting in 3Q15 on the back of the 52-Week High 62,300 new Sorento’s full-fledged earnings contribution along with the K5 launch. (%)(%)(%) 1M1M1M 6M6M6M 12M12M12M Absolute -8.3 -21.3 -27.5 Lower TP to W57,000 Relative -10.4 -24.9 -29.8 We lower our 12-month target price by 5% to W57,000 (from W60 ,000), as we lower our 2015F revenue and operating profit by 3.4% and 8.1%, respectively. This reflects: 1)

110 Kia Motors KOSPI slower-than-expected inventory normalization and 2) a weaker-than-expected F/X 100 environment. Although Kia’s earnings are forecast to improve QoQ in 2Q, it should still 90 see negative YoY growth, which could limit share price momentum. 80 In the longer term, we are still positive on Kia’s future product lineup, which is focused 70 on SUVs, as well as the new Mexico plant, which will begin operating in 1H16. Thus, 60 once the earnings turnaround begins, Kia’s recovery should be the fastest among large 4.14 8.14 12.14 4.15 Korean auto companies.

Daewoo Securities CCo.,o., Ltd. FY (Dec.) 12/12 12/13 12/14 12/15F 12/16F 12/17F Revenue (Wbn) 47,243 47,598 47,097 47,869 52,602 56,643 [Auto] OP (Wbn) 3,522 3,177 2,573 2,619 3,320 3,748

Michael Yun OP margin (%) 7.5 6.7 5.5 5.5 6.3 6.6 +822-768-4169 NP (Wbn) 3,865 3,817 2,994 2,973 3,797 4,141 [email protected] EPS (W) 9,537 9,416 7,385 7,335 9,366 10,216 ROE (%) 25.5 20.6 14.0 12.5 14.2 13.7 Young-ho Park +822-768-3033 P/E (x) 5.9 6.0 7.1 6.0 4.7 4.3 [email protected] P/B (x) 1.4 1.1 0.9 0.7 0.6 0.6 Note: 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 t he U.S. PLEASE SEE ANALYST CERTIFICATIONS AND IMPORTANT DISCLOSURES & DISCLAIMERS IN APPENDIX 1 AT THE END OF REPORT.

Key Universe Valuations April 10, 2015

※All data as of close April 9, 2015, unless otherwise noted.

15F Earnings growth Mkt Cap Price P/E (x) P/B (x) ROE (%) Ticker Company Div Yield OP EPS (Wbn) (W) (%) 15F 16F 15F 16F 15F 16F 15F 16F 15F 16F 005930 219,476 1,490,000 1.0 12.9 9.4 8.7 5.5 10.1 9.6 1.3 1.2 14.5 13.5 005380 Hyundai Motor 36,896 167,500 2.0 -4.1 10.7 -1.3 8.1 6.6 6.1 0.7 0.7 11.9 11.6 000660 SK Hynix 31,741 43,600 1.1 14.3 9.0 8.8 11.9 6.9 6.1 1.4 1.2 22.9 20.8 015760 KEPCO 28,022 43,650 1.4 15.4 7.3 199.0 -57.2 3.5 8.1 0.5 0.4 14.0 5.5 012330 22,778 234,000 1.2 10.5 8.3 15.7 5.3 5.8 5.5 0.8 0.7 15.8 14.4 005490 POSCO 22,058 253,000 3.2 14.6 8.8 236.0 8.9 10.5 9.6 0.5 0.5 5.0 5.2 017670 SK Telecom 21,519 266,500 3.8 23.3 0.4 23.0 0.7 9.7 9.7 1.2 1.1 14.5 13.2 035420 NAVER 21,426 650,000 0.1 37.5 23.6 62.9 22.4 28.8 23.5 6.5 5.1 32.8 29.6 090430 Amorepacific 20,770 3,553,000 0.3 37.8 30.7 48.3 34.5 43.6 32.4 7.3 6.1 18.1 20.4 018260 Samsung SDS 20,118 260,000 0.2 20.1 17.8 12.5 18.4 43.3 36.6 4.4 4.0 10.6 11.4 055550 19,134 40,350 - - - - 0.0 0.0 032830 Samsung Life 18,960 94,800 - - - - 0.0 0.0 000270 Kia Motors 18,262 45,050 2.6 1.8 26.8 -0.7 27.7 6.1 4.8 0.7 0.6 12.5 14.2 051910 LG Chem 16,965 256,000 1.6 27.7 35.4 49.2 36.1 14.6 10.7 1.4 1.3 10.2 12.7 105560 KB Financial Group 14,585 37,750 - - - - 0.0 0.0 051900 LG Household & Health Care 13,057 836,000 0.5 26.2 20.1 25.9 22.2 33.7 27.5 7.1 5.8 24.1 24.0 033780 KT&G 12,988 94,600 3.6 -26.5 11.5 -24.4 14.5 20.8 18.2 2.1 2.0 10.9 12.0 000810 Samsung F&M 12,507 264,000 - - - - 0.0 0.0 034730 SK C&C 11,775 235,500 0.8 18.4 11.8 287.4 8.6 23.9 22.0 3.5 3.1 19.6 18.2 034220 LG Display 10,967 30,650 1.6 58.0 -20.2 81.9 -18.0 6.7 8.1 0.9 0.8 13.5 10.0 009540 10,716 141,000 1.4 - 213.9 - 493.4 97.8 16.5 0.6 0.6 0.7 4.2 003550 LG Corp. 10,612 61,500 1.6 18.0 4.2 18.5 5.9 8.6 8.1 0.8 0.7 9.4 9.2 096770 SK Innovation 10,310 111,500 2.9 - 20.5 - 22.5 12.7 10.3 0.7 0.6 5.3 6.2 066570 LG Electronics 9,672 59,100 1.0 1.2 26.2 174.9 27.6 9.7 7.6 0.8 0.8 9.0 10.5 006400 Samsung SDI 9,249 134,500 0.7 241.8 6.5 - 4.4 24.3 23.3 0.8 0.8 3.3 3.4 000830 Samsung C&T 9,232 59,100 1.0 1.9 6.6 42.3 11.8 24.6 22.0 0.9 0.9 3.8 4.1 004020 9,149 78,500 1.0 12.3 3.8 37.4 0.3 8.7 8.7 0.6 0.6 7.4 7.0 086280 8,494 226,500 0.9 7.2 14.0 -0.9 15.9 16.0 13.8 2.6 2.3 17.7 17.6 010130 Korea Zinc 8,284 439,000 1.1 3.1 16.7 9.6 16.8 15.1 12.9 1.6 1.5 11.3 12.0 010950 S-Oil 8,185 72,700 2.7 - 32.9 - 28.9 16.2 12.6 1.6 1.4 10.1 11.9 003600 SK Holdings 8,148 173,500 1.4 29.8 6.2 34.0 -3.9 5.7 6.0 0.6 0.5 10.9 9.5 011170 Lotte Chemical 8,055 235,000 0.4 143.6 34.7 339.1 39.6 12.5 8.9 1.1 1.0 9.6 12.0 086790 8,030 27,700 - - - - 0.0 0.0 035250 7,841 36,650 2.7 10.0 10.8 15.2 13.2 18.9 16.7 2.5 2.3 14.7 15.2 023530 Lotte Shopping 7,794 247,500 0.6 11.3 12.6 37.8 13.4 10.3 9.1 0.4 0.4 4.4 4.8 030200 KT 7,559 28,950 2.8 - 1.1 - 27.3 19.2 15.1 0.6 0.6 3.7 4.6 021240 Coway 7,497 97,200 2.6 18.4 12.4 23.9 14.3 24.2 21.2 5.6 5.0 27.6 27.6 024110 7,456 13,400 - - - - 0.0 0.0 001800 Orion 7,313 1,224,000 0.5 13.3 7.0 22.2 12.6 36.6 32.5 5.1 4.5 15.0 14.9 139480 Emart 6,495 233,000 0.6 4.1 12.5 41.1 10.5 15.9 14.4 0.9 0.9 5.8 6.1 035720 Daum 6,407 108,000 1.0 173.5 39.3 83.9 45.2 34.2 23.6 8.9 6.9 29.7 34.3 088350 Hanwha Life 6,392 7,360 - - - - 0.0 0.0 000720 Hyundai E&C 6,169 55,400 1.1 16.8 15.6 35.8 21.5 10.3 8.5 1.0 0.9 10.5 11.5 19306. 009150 Samsung Electro-Mechanics 5,692 76,200 0.7 38.3 -49.5 32.5 23.3 17.6 1.2 1.2 5.5 6.9 4 002380 KCC 5,618 534,000 1.5 15.4 2.8 -20.9 4.3 22.6 21.7 1.0 1.0 4.7 4.8 161390 5,469 44,150 1.0 -0.9 12.0 2.2 21.2 7.6 6.3 1.1 0.9 14.7 15.5 097950 CJ CheilJedang 5,157 392,500 0.6 29.8 14.8 190.5 31.3 21.2 16.1 1.7 1.6 8.6 10.4 009240 Hanssem 4,754 202,000 0.4 26.4 22.7 23.5 22.9 43.2 35.1 9.7 7.8 28.3 27.3 016360 Samsung Securities 4,701 61,500 - - - - 0.0 0.0 032640 LG Uplus 4,650 10,650 2.3 22.2 1.6 58.1 6.7 12.9 12.1 1.0 1.0 8.3 8.3 Source: KDB Daewoo Securities Research

Market Data April 10, 2015

※All data as of close April 10, 2015, unless otherwise noted.

Other Major Indices Economic Indicators Close Net Chg 1D (%) YTD (%) Close 1D ago 1M ago 1Y ago MSCI Korea* 410.08 -1.20 -0.29 6.05 USD/KRW 1,093.90 1,093.40 1,110.30 1,043.20 KOSPI 2,087.76 28.89 1.40 8.37 JPY100/KRW 907.46 910.26 914.81 1,022.34 KOSDAQ 682.02 5.06 0.75 23.17 EUR/KRW 1,166.48 1,179.12 1,204.12 1,445.46 Dow Jones* 17,958.73 56.22 0.31 0.71 3Y Treasury 1.71 1.70 1.94 2.86 S&P 500* 2,091.18 9.28 0.45 1.60 3Y Corporate 1.96 1.95 2.21 3.29 NASDAQ* 4,974.56 23.74 0.48 5.24 DDR2 1Gb* 1.20 1.20 1.23 1.73 Philadelphia Semicon* 706.18 8.73 1.25 2.83 NAND 16Gb* 1.91 1.91 2.06 3.02 FTSE 100* 7,015.36 77.95 1.12 7.14 Oil (Dubai)* 55.60 56.38 56.73 104.42 Nikkei 225 19,907.63 -30.09 -0.15 14.35 Gold* 1,193.60 1,203.10 1,166.50 1,305.50 Hang Seng* 26,944.39 707.53 2.70 12.94 Customer deposits (Wbn)* 19,094 18,596 17,151 14,307 (Weighted) 9,617.70 49.66 0.52 3.70 Equity type BC (Wbn)(Apr. 8) 78,499 78,543 79,835 83,054 Note: * as of April 9, 2015Source: 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 SK Telecom 30.28 LG Electronics 12.82 KODEX LEVERAGE 173.52 KODEX INVERSE 103.26 Samsung Electronics 23.64 Hyundai Mobis 10.01 Amore Pacific 24.82 SK Telecom 25.39 15.68 SK Energy 7.72 Glovis 24.29 CHEIL INDUSTRIES 22.48 KEPCO 15.60 Glovis 5.96 Hynix 19.93 Samsung Corp. 16.25 KB Financial Group 12.77 Hyundai Eng. & Cosnt. 4.90 LG Household & Health Care 16.33 KEPCO 14.32 Samsung F&M Insurance 11.50 Woori Bank 4.72 SK Energy 14.34 12.60 Hyundai Steel 11.21 Honam Petrochemical 4.24 KODEX 200 13.41 LG Innotek 10.80 Lotte Shopping 11.06 LG Household & Health Care 4.06 Hyundai Heavy Industries 12.92 Samsung F&M Insurance 10.75 Samsung Securities 10.58 KT 3.99 Honam Petrochemical 12.50 KT 10.63 Hyundai M&F Insurance 10.54 KIWOOM 3.69 Daewoo Securities 11.88 NHN 10.18 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 NaturalendoTech 13.68 Celltrion 11.16 Spigen Korea 3.81 GOLFZON 15.89 Com2us 3.44 Daum Communications 8.86 Partrion 3.33 Sansung P&C 6.70 Modetour Network 2.87 Paradise 5.26 Interpark INT 2.91 Dongsuh 4.88 Sansung P&C 2.02 EO Technics 4.55 NaturalendoTech 2.54 COSON 4.86 Spigen Korea 1.88 Sung Woo HiTech 3.89 Eugene Corporation 2.25 Gamevil 3.08 WANLI 1.50 KH Vatec 3.19 Huons 2.22 YG Entertainment 2.36 BLUECOM 1.45 Partrion 2.33 SK Broadband 2.16 Access Bio 1.72 GS Home Shopping 1.33 Seoul Semiconductor 1.67 Paradise 2.12 CrucialTec 1.67 CJ E&M 1.25 SEEGENE 1.66 Amicogen 2.05 FNC Ent. 1.66 OCI Materials 1.12 Mobilians 1.52 EM-Tech 1.68 ISC 1.59 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 1,490,000 7,000 219,476 Celltrion 75,600 2,100 8,216 Hyundai Motor 167,500 6,000 36,896 Daum Communications 108,000 -2,300 6,407 Hynix 43,600 1,700 31,741 Dongsuh 34,400 -600 3,430 KEPCO 43,650 550 28,022 CJ E&M 59,200 1,600 2,293 Samsung Electronics (P) 1,161,000 12,000 26,510 Paradise 23,500 -200 2,137 Hyundai Mobis 234,000 1,000 22,778 Medy-tox 336,900 -2,100 1,906 POSCO 253,000 2,500 22,058 Com2us 188,700 -5,400 1,903 SK Telecom 266,500 4,000 21,519 Sansung P&C 88,500 -3,300 1,588 NHN 650,000 -3,000 21,426 NaturalendoTech 78,500 4,600 1,518 Amore Pacific 3,553,000 257,000 20,770 GS Home Shopping 217,200 300 1,425 Source: Korea Exchange