Reuters: Hot Stocks: KOREA HOT STOCKS-Aurora surges on character product deal

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KOREA HOT STOCKS-Aurora surges on character product deal Apr 12th 2013, 01:18 SEOUL, April 12 | Thu Apr 11, 2013 9:18pm EDT SEOUL, April 12 (Reuters) - South Korea's main KOSPI share index was down 0.2 percent at 1,946.39 as of 1001 GMT. Aurora World rose by the daily limit of 15 percent after reports said the company signed a deal to produce and sell character products of Korea's popular singers such as Psy globally with YG Entertainment, in a bid to capitalise on the popularity of Korean pop culture. Media reports said Aurora World, whose YooHoo & Friends toys feature Happy Meals at McDonald's stores in Europe, signed the licensing deal on Thursday with YG Entertainment, a leading South Korean management agency which has Big Bang boy group and 2NE1 girl group. (Reporting by Hyunjoo Jin; Editing by Subhranshu Sahu)

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