SEOUL Jan 3 South Korea's main KOSPI share
index was down 0.1 percent at 2,029.82 points as of 0032
GMT. The index opened up 0.5 percent.
Stocks on the move on Thursday include:
**WOONGJIN AFFILIATES JUMP MORE THAN 5 PCT**
Woongjin Holdings jumped by the daily
permissible limit of 15 percent after it said late on Wednesday
that it acquired a controlling stake in Woongjin Chemicals
, which also jumped 15 percent.
The stake was previously held by water purifier-maker Coway
(formerly Woongjin Coway). Woongjin Holdings, the
parent company of the cash-strapped group, is in the midst of
reorganizing its business empire through a court receivership.
Coway, which is highly profitable, is to be sold to local
private equity fund MBK Partners in one of the largest Asian
leverage buyout deals in recent years, to help raise money for
Shares in other Woongjin affiliates Woongjin Energy
also hit the ceiling on hopes of a group-wide
(Reporting By Somang Yang; Editing by Eric Meijer)