PRE-MARKET JAPANESE AND SOUTH KOREAN STOCK NEWS: North Korea said to offer conditional halt to its ICBM program

JAPAN

Eisai (4523 JT)
– Co. and Merck enter global strategic oncology collaboration for Lenvima in which the Japanese Co. could receive up to USD 4.4bln in milestones. (Newswires)

Nissan (7201 JT)
– Co. plans to increase wages for a 4th consecutive year to boost morale following the recent unqualified inspections scandal. (Newswires)

Ricoh (7752 JT)
– Co. is planning to cut a total 4000 workers in Europe and Japan as soon as the upcoming financial year, while it also plans to divest stake in distributor for JPY 56bln. (Newswires)

Shinsei Bank (8303 JT)
– Co. noted tax bureau found no issues with its past corporate taxes. (Newswires)

 

SOUTH KOREA

Samsung Electronics (005930 KS)
– Co. could report Q1 oper. profit of around KRW 14trl. (Yonhap)

Geopolitical
– North Korea said to offer conditional halt to its ICBM program. (Chosun)
– South Korea said it is to make efforts to maintain the improved inter-Korean ties. (Yonhap)

(Newswires)