PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: Mitsui OSK Lines (9104 JT) LNG tanker ‘Sohar’ crossed the Strait of Hormuz

JAPAN

Mitsubishi Corp. (8058 JT) - Co. has partnered with Switzerland's DKSH to expand Japanese food products in Southeast Asia. (Nikkei)

Mitsui OSK Lines (9104 JT) - Co.'s LNG tanker ‘Sohar’ crossed the Strait of Hormuz. (Asahi)

Pan Pacific International Holdings (7532 JT) - Co. is to acquire Olympic Group with 27.1mln shares to be delivered through a share exchange. (Newswires)

Toyota (7203 JT) - Co. is recalling 73.5k vehicles in the US. (Newswires)

Autos - Mitsubishi Fuso Truck and Bus and Taiwan's Hon Hai Precision Industry plan to export large electric buses produced in Japan around 2030 to Southeast Asia and Australia. (Nikkei)

Property - Advantage Partners is to enter the real estate investment market this fiscal year and plans to invest JPY 500bln over five years and is looking to take over assets being sold by midsize Japanese companies. (Nikkei)

Other News

Japanese PM Takaichi is planning to visit Australia later this month to discuss seeking to discuss strengthening supply chains for rare-earth elements and cooperation on safe navigation in the Strait of Hormuz. (Nikkei)

SOUTH KOREA

HD Hyundai Samho (010620 KS) - Co. secured a KRW 349.8bln LPG carrier order from a Greek shipowner. (Yonhap)

Samsung Electronics (005930 KS) - Co. discussed potential cooperation with France’s Mistral AI in the AI memory sector, while the owner family of Samsung Group is set to complete roughly KRW 12tln in inheritance tax payments on assets of the late Chairman Lee Kun-hee later this month. (Yonhap)