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• Seoul shares open almost flat on China woes, Fed's rate remarks

  ...t rate hikes through next year sent Wall Street ending the session lower. In Seoul, major stocks traded mixed. Market bellwether Samsung Electronics lost 0.3 percent, with leading chemical producer LG Chem sliding 0.7 percent. Top battery maker LG Energy Solution was up 0.5 percent, and chip giant SK hynix added 0.4 percent. The local currency had been trading at 1,337.80 won against the US dollar ...

• Seoul stocks end lower on lingering recession woes

  ...ge. Most large-cap shares in Seoul closed down. Market bellwether Samsung Electronics dropped 0.65 percent to 61,000 won, and SK hynix also declined 2.07 percent to 85,100 won. Major chemical firm LG Chem also lost 0.96 percent to 721,000 won. The country's biggest portal site operator, Naver, shed 1.6 percent to 185,000 won, and Kakao, the operator of South Korea's dominant messaging app KakaoTalk...

• Seoul shares open lower amid lingering recession concerns

  ...ving overnight. In Seoul, most large cap shares got off to a weak start. Market bellwether Samsung Electronics inched down 0.81 percent and SK hynix also declined 0.46 percent. Major chemical firm LG Chem also lost 1.1 percent. Portal operator Naver shed 0.27 percent, and battery maker LG Energy Solution traded flat. Samsung Biologics, the biotech arm of South Korea's Samsung Group, rose 0.45 perc...

• LG taps two female CEOs in unprecedented move

  South Korea's fourth-largest conglomerate LG has tapped two female CEOs in its groupwide year-end reshuffle that ended Thursday. Consumer goods arm LG H&H named Executive Vice President Lee Jung-ae ...u Jae-cheol, in charge of the home appliance business, and petrochemicals-to-battery material firm LG Chem's Executive Vice President Cha Dong-seok. Chemicals arm FarmHannong's Kim Moo-yong was also n...

• Seoul shares open higher ahead of BOK rate decision

  ... cap shares got off to a good start. Market bellwether Samsung Electronics inched up 0.49 percent, SK hynix also rose 1.17 percent, and portal operator Naver added 2.48 percent. Major chemical firm LG Chem advanced 0.57 percent. Battery maker LG Energy Solution climbed 1.96 percent, and Samsung Biologics, the biotech arm of South Korea's Samsung Group, went up 0.34 percent. The local currency was t...

• Seoul shares open higher on Wall Street gains

  ...r Samsung Electronics inched up 0.66 percent, and SK hynix also rose 1.64 percent. Portal operator Naver added 2.49 percent, and messenger app operator Kakao surged 5.34 percent. Major chemical firm LG Chem advanced 2.33 percent. Among losers, battery maker LG Energy Solution shed 0.18 percent, and Samsung Biologics, the biotech arm of South Korea's Samsung Group, lost 0.79 percent. The local curren...

• LG Chem to build $3.2b battery material plant in US

  The Tennessee facility will allow LG Chem to address the changing dynamics of the global battery material industry, with legislations such as the Inflation Reduction Act in the United States set to shake up the landscape. Under the IRA, battery storage facilities built between 2022 and 2032 will be eligible for an investment tax credit of 30 percent. The legislation also pushes automakers to us...

• Seoul shares open tad higher amid China's COVID-19 woes

  ...ercent, and the tech-heavy Nasdaq retreated 1.1 percent. In Seoul, most large cap shares got off to weak starts. Market bellwether Samsung Electronics inched down 0.33 percent, while battery maker LG Energy Solution rose 0.35 percent. IT shares lost ground. Portal operator Naver declined 1.1 percent, and messenger app operator Kakao slid 1.07 percent. Major chemical firm LG Chem advanced 3.37 percent on news of its new cathode factory set to break ground in the US state of Tennessee next year. The local currency was trading hands at 1,357.6 won against the dollar as o...

• LG Chem gives back to society as 'Green Connector'

  Under its vision called “Green Connector,” South Korea’s leading chemical firm LG Chem is expanding its social contribution activities. The vision highlights four areas of focus—education, ecosystem,...s, effectively reducing their energy use. LG Chem is also running LG Social Campus, together with LG Electronics, to uncover eco-friendly social enterprises and to support them by providing funding, ...

• S. Korean shares end nearly flat amid Fed's rate hike woes

  ...s session's deep losses, to cap the market's downturn. Market bellwether Samsung Electronics rose 0.65 percent to 61,800 won, and chip giant SK hynix added 0.8 percent to 88,400 won. Battery maker LG Energy Solutions inched up 0.17 percent to 598,000 won, and No. 1 chemical firm LG Chem increased 0.57 percent to 704,000 won. Samsung SDI went up 0.14 percent to 701,000 won. But carmakers went down, with top automaker Hyundai Motor falling 0.29 percent to 169,500 won and its af...