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• Seoul shares open lower after Fed-driven rallies

  ...way inflation. In Seoul, most major stocks lost ground across the board. Tech heavyweight Samsung Electronics slid 1.8 percent and top battery maker LG Energy Solution fell 1 percent. Steel giant Posco Holdings lost 0.7 percent and Kia, the smaller affiliate of Hyundai Motor, sank about 1 percent. The local currency was trading at 1,300.90 won against the US dollar as of 9:15 a.m., down 1.2 won...

• Posco shares surge after union’s departure from hard-line labor group

  Shares of Posco companies fluctuated Thursday after one of its two unions decided to leave the Korean Metal Workers’ Union, considered one of the most hard-line labor groups here, via ballot a day ea... prevent the Posco union from tearing away from KMWU, it expelled a number of executives from the Posco union. In response to the Posco union's recent decision to withdraw, Land Minister Won Hee-ryon...

• Foreign investors snap up tech shares

  ...ed by LG Energy Solution (1.13 trillion won), Samsung SDI (1.02 trillion won) and SK hynix (650 billion won). Foreign buyers also bought shares of Samsung Electro-Mechanics, Hanhwa Solution, KT&G, Posco Chemical, Samsung Biologics and Korea Aerospace Industries. In October, foreign holdings of Kospi surpassed 31 percent. It was the first time in five months for the figure to make the recovery si...

• Seoul shares open lower ahead of Fed chief's speech

  .... Market heavyweight Samsung Electronics fell 0.3 percent and leading battery maker LG Energy Solution dipped nearly 1.5 percent. Platform giant Kakao was also down 1 percent and chemical producer Posco Chemical sank 3.6 percent. Big banking firms gathered ground, with KB Financial rising 0.8 percent and Shinhan Financial gaining 0.5 percent. The local currency was trading at 1,328.50 won again...

• Seoul shares gain as China lockdown woes ease; Fed rate views at focus

  ...0.83 percent to 60,600 won, with Kia, the smaller affiliate of Hyundai Motor advancing 2.9 percent to 67,300 won. Top battery maker LG Energy Solution rose 0.9 percent to 567,000 won. Steel giant POSCO Holdings slid 0.2 percent to 293,000 won, and smelting company Korea Zinc fell 2 percent to 633,000 won. Shares in Korea Air Lines and Asiana Airlines, South Korea's two largest air carriers, jum...

• Posco wins Asia's first ResponsibleSteel accreditation

  South Korean steel giant Posco said Sunday its production plants in Pohang and Gwangyang have received the ResponsibleSteel accreditation, becoming the first Asian company to win the honor. Responsi...ophy on corporate citizenship, Posco will become a company that makes a sustainable future,” said Posco Vice Chairman Kim Hag-dong. Under its long-term ESG plan, Posco hopes to establish a support sy...

• Truckers' strike cripples shipments in cement, steel industries

  ...d temporary rules guaranteeing minimum freight rates, citing high fuel prices. The rules are set to expire at the end of this year. Steelmakers also suffered supply disruptions due to the strike. POSCO, the country's leading steelmaker, said it was considering using sea or rail routes to deliver steel. No. 2 steelmaker Hyundai Steel said it could not transport the daily shipment of 8,000 tons f...

• [From the scene] Posco goes all-out to salvage typhoon-hit plant

  ... It was as silent as a graveyard inside the dark, dusty No. 2 rolled steel manufacturing plant at Posco’s steel mill in the southeastern city of Pohang on Wednesday, unlike three months ago when it wa...hough two months have passed, the destruction of the devastating storm was still laid bare at the Posco plant. A day after the typhoon hit, Posco had to halt all operations at the steel mill, a first...

• Big firms' inventories soar 36% this year amid global slump

  ...3.5 percent. Leading automaker Hyundai Motor Co. saw its inventory swell 24.4 percent to 8.4 trillion won, with that of its smaller affiliate Kia Corp. expanding 15.2 percent to 5.8 trillion won. Posco Energy Co. posted the highest inventory growth rate with 287.5 percent during the period, followed by auto parts maker Duckyang Industrial Co. with 271.5 percent, Samsung Biologics Co, with 245.2 ...

• Saudi crown prince's visit brings $30b in business deals

  ...rea by Aramco, the largest shareholder of the oil refiner. The local public-private energy consortium that comprises Korea Electric Power, Korea National Oil, Korea Southern Power, Samsung C&T and Posco signed an agreement with Saudi Arabia's Public Investment Fund to build a $6.5 billion green hydrogen and ammonia plant near Yanbu on Red Sea coast. PIF is the Saudi sovereign wealth fund with ove...