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Korea Hot Stocks-Interpark, GS Construction, Korea Zinc

Mon Feb 11, 2008 11:21pm EST
 
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SEOUL, Feb 12 (Reuters) - Stocks on the move on Tuesday include:

As of 0414 GMT, the main KOSPI was up 0.67 percent at 1,651.67 points as battered shipbuilders rallied, finding buyers after recent sharp losses on economic recession worries.

The index opened 0.79 percent higher at 1,653.60 points.

**INTERPARK JUMPS ON STAKE SALE PLAN**

Online retailer Interpark(035080.KQ: Quote, Profile, Research, Stock Buzz) surged 8.78 percent to 5,140 won after it said late on Monday it was negotiating terms with several suitors bidding for its stake in its affiliate Gmarket (GMKT.O: Quote, Profile, Research, Stock Buzz).

Interpark said in a filing with the Korea Exchange that no details have been finalised.

Interpark, which has a 29.4 percent stake in Nasdaq-listed Gmarket, had said in December that it was considering disposing of the stake.

The junior Kosdaq market was up 1.04 percent.

0413 GMT  Continued...

 

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