PRE-MARKET JAPANESE AND SOUTH KOREAN STOCK NEWS: Japan Display (6740 JT) – Co. said that restructuring costs may be lower by JPY 10bln-20bln due to prior cost cutting

JAPAN

Japan Display (6740 JT)
– Co. said that restructuring costs may be lower by JPY 10bln-20bln due to prior cost cutting. (Newswires)

Nippon Express (9062 JT)
– Co. is said to agree a partnership with a Chinese port operator. (Newswires)

Panasonic (6752 JT)
– Co. begins mass-production of hybrid car batteries in China. (Nikkei)

Toyota (7203 JT)
– Co. is planning to increase pay by 3.3% this year. (Newswires)

 

SOUTH KOREA

Amorepacific (002790 KS)
– Co. has entered the Australian market with its Laneige beauty essentials brand. (Newswires)

Hana Financial (086790 KS)
– FSS launched special investigation into misconduct in Co. unit’s hiring practices. (Newswires)

LG Electronics (066570 KS)
– Co. opens first premium brand shop in Kuwait as it seeks to widen the Middle-East presence of its top-tier products. (Newswires)
– Co. is to hold shareholder meeting on Friday to decide if they will re-elect current CEO. (Newswires)

Samsung Electronics (005930 KS)
– Co. is to conduct a shareholder meeting on March 23rd to discuss previously announced 50-to-1 stock split. (Newswires)

Other News
– South Korea is mulling a proposal to revise the constitution to permit the re-election of presidents, although conservatives are said to be opposed to the idea. (Nikkei)
– South Korea and US to resume discussions reviewing bilateral free trade agreement. (Newswires)
– President Moon urged for the government to conduct measures to help SMEs and also to support the Gunsan area ahead of planned GM Korea plant shutdown. (Yonhap)

 

(Newswires)