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• LG turns to clean tech as future growth driver

  LG Group is betting big on clean energy technology as part of its ongoing efforts to seek future growth drivers that are also environmentally sustainable. LG Corp., the holding unit, said Wednesday ...e fields where we can innovate our client experience,” Chairman Koo said Tuesday upon his visit to LG Chem’s research center in Magok-dong, western Seoul. “Under a clear goal, we should execute invest...

• Seoul shares sharply rebound on dip-buying; Korean won gains ground

  ...7,400 won. Samsung Biologics, the biotech arm of South Korea's Samsung Group, went up 1.34 percent to 831,000 won, and top automaker Hyundai Motor gained 1.17 percent to 173,000 won. Among losers, LG Chem, the country's leading chemical company, shed 1.45 percent to close at 543,000 won and battery maker SK Innovation also declined 0.5 percent to 198,000 won. The local currency ended at 1,298.20 wo...

• Seoul stocks again gripped by panic selling on recession fears; Korean won at 13-year low

  ...ce 1994. Seoul shares closed mixed. Market bellwether Samsung Electronics lost 0.35 percent to 57,400 won, while No. 2 chipmaker SK hynix retreated 2.17 percent to 90,200 won. Major battery maker LG Energy Solution declined 0.25 percent to 400,000 won and chemical giant LG Chem shed 0.36 percent to 551,000 won. Hyundai Motor decreased 0.29 percent to close at 171,000 won. Among the gainers, Samsung Biologics, the biotech arm of South Korea's Samsung Group, inched up ...

• Seoul stocks dip almost 3 pct on recession fears; Korean won at 13-year low

  ... leading the losses. Market bellwether Samsung Electronics lost 1.54 percent to a yearly low of 57,600 won, while No. 2 chipmaker SK hynix retreated 3.15 percent to 92,200 won. Major battery maker LG Energy Solution declined 2.91 percent to 401,000 won and chemical giant LG Chem shed 2.64 percent to 553,000 won. Hyundai Motor decreased 0.58 percent to close at 171,500 won and its smaller affiliate Kia lost 1.16 percent to 76,400 won. Major bio shares ended mixed. Sam...

• Seoul shares open lower despite Wall Street gains

  ...gained 2.51 percent. In Seoul, trading was mixed. Market bellwether Samsung Electronics rose 0.51, and Hyundai Motor gained 0.58 percent. No. 2 chipmaker SK hynix lost 1.05 percent, battery maker LG Energy Solution shed 0.35 percent and Samsung Biologics, the biotech arm of South Korea's Samsung Group, retreated 1.1 percent. Leading chemical company LG Chem and Kakao, operator of South Korea's top mobile messenger KakaoTalk, declined 1.58 percent and 1.99 percent, respectively. The local currency was trading at 1,293.20 won against the US dollar ...

• Seoul shares rebound amid slowdown woes

  ...the biggest increase since 1994. In Seoul on Tuesday, top-cap shares ended mixed. Market bellwether Samsung Electronics lost 0.34 percent to a fresh yearly low of 58,500 won, while No. 2 chipmaker LG hynix added 0.74 percent to 95,200 won. Major battery maker LG Energy Solution increased 0.36 percent to 413,000 won, while chemical giant LG Chem shed 0.7 percent to 558,000 won. Carmakers gathered ground, with top player Hyundai Motor advancing 1.17 percent ...

• Seoul shares open slightly higher after Monday's rout

  ... federal holiday that observes the end of slavery in the country. In Seoul, market bellwether Samsung Electronics rose 0.17, and No. 2 chipmaker SK hynix also inched up 0.21 percent. Battery maker LG Energy Solution and Samsung Biologics, the biotech arm of South Korea's Samsung Group, remained flat. Leading chemical company LG Chem and Kakao, operator of South Korea's top mobile messenger KakaoTalk, declined 0.35 and 0.29, respectively. The local currency had changed hands at 1,291.70 against the US dollar as of 9:15 a.m...

• LG Chem to build hydrogen plant for net-zero goals

  LG Chem said Monday that it is building its first hydrogen plant in South Korea as part of efforts to become carbon neutral throughout its petrochemical production. The plant, to be located in its Daesan complex, some 75 kilometers southwest of Seoul, will have an annual production capacity of 50,000 tons of hydrogen by the second quarter of 2024, with the construction work to start early next y...

• LG Chem to build first hydrogen plant in S. Korea

  LG Chem Ltd. said Monday it is building a hydrogen plant in South Korea to produce clean fuel for use in its key petrochemical processing in line with its long-term low carbon emission goals. The hy... tons annually once the plant becomes fully operational -- equivalent to planting 1 million trees, LG Chem said. LG Chem plans to increase the use of renewable energy, such as hydrogen, in the NCC pr...

• Seoul shares open sharply lower on recession worries

  ...er on Friday, with hard-hit tech and bio shares dragging down the index. Market bellwether Samsung Electronics lost 1.8 percent, and No. 2 chipmaker SK hynix fell 1.54 percent. Major battery maker LG Energy Solution retreated 0.94 percent, and chemical giant LG Chem skidded 2.57 percent. Samsung Biologics shed 0.25 percent and Celltrion decreased 1.67 percent. Carmakers also lost ground, with Hyundai Motor decreasing 2.02 percent and its smaller affiliat...