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Wed, February 1, 2023 | 21:26

POSCO Holdings to fortify silicon anode output to bolster materials biz

POSCO Holdings to fortify silicon anode output to bolster materials biz

POSCO Holdings said, Friday, that it will invest 59.1 billion won ($47.8 million) with its subsidiary POSCO Silicon Solution to build silicon anode production facilities, in a move to fortify its secondary battery materials business. Construction of the plant, with an annual production capacity of 450 tons, will begin in June in Pohang, North Gyeongsang Province. It will be c...

Lee Kyung-min | 2023-01-27 18:29

POSCO Holdings 2022 net halves on typhoon damage, downturn

POSCO Holdings 2022 net halves on typhoon damage, downturn

POSCO Holdings on Friday said its net profit halved last year from a year earlier largely due to a typhoon in September and an industry downturn.

2023-01-27 17:12

Samsung Biologics' sales surpass W3 tril. for first time

Samsung Biologics' sales surpass W3 tril. for first time

Samsung Biologics saw sales surpass 3 trillion won last year, becoming the first in the domestic biopharmaceutical industry to achieve that mark. Its operating profit also neared 1 trillion won, the company said in a filing, Friday. Samsung Biologics announced that it achieved annual consolidated sales of 3.001 trillion won ($2.54 billion) and an operating profit of 983.6 bil...

Kim Hyun-bin | 2023-01-27 17:00

Middle East 'sales diplomacy' picks up speed

Middle East 'sales diplomacy' picks up speed

Minister of Land, Infrastructure and Transport Won Hee-ryong is accelerating efforts to win overseas construction orders in Saudi Arabia, Iraq and Qatar, the ministry said on Friday. Won met with trade, transport and interior authorities in the three Middle Eastern countries during his trip from Wednesday to Thursday (local time) to fortify cooperation in smart-city planning ...

Lee Kyung-min | 2023-01-27 16:45

LG Electronics Q4 operating profit collapses on slumping demand, rising cost

LG Electronics Q4 operating profit collapses on slumping demand, rising cost

LG Electronics said Friday its operating profit for the fourth quarter nosedived more than 90 percent on a drop in demand for home appliances and rising promotion cost amid global macroeconomic woes.

2023-01-27 16:36

Thom Browne to set up new company in Korea in July

Thom Browne to set up new company in Korea in July

Luxury fashion brand Thom Browne will establish a new company in Korea, officials from Samsung CT said Friday, in a move to take stronger control of its business in the country.

2023-01-27 16:23

More Korean manufacturers enjoy Georgia's hospitality

More Korean manufacturers enjoy Georgia's hospitality

The U.S. state of Georgia has emerged as one of the most preferable destinations for Korean manufacturers, as the southeastern state has not only offered handsome tax incentives but also paid respect to Korean culture. Earlier this month, several seminars were held in the state's Bryan County for its locals to welcome the family members of hundreds of Koreans who will be empl...

Park Jae-hyuk | 2023-01-27 16:08

POSCO Chemical swings to loss in Q4

POSCO Chemical swings to loss in Q4

POSCO Chemical on Friday reported its fourth-quarter net loss of 26.1 billion won ($21.2 million), shifting from a profit of 19.2 billion won a year earlier.

2023-01-27 15:24

POSCO Chemical's 2022 operating income at record high on robust EV battery components demand

POSCO Chemical's 2022 operating income at record high on robust EV battery components demand

POSCO Chemical's 2022 operating income at record high on robust EV battery components demand

POSCO Chemical, a major Korean manufacturer of secondary battery materials, said Friday it posted record-high operating profit last year, boosted by solid demand for electric vehicle (EV) battery components.

2023-01-27 15:23

POSCO Chemical swings to loss in Q4

LGES to capitalize on US IRA, Tesla partnership to continue record earnings

LGES to capitalize on US IRA, Tesla partnership to continue record earnings

LG Energy Solution (LGES) hopes to benefit from the U.S. Inflation Reduction Act (IRA) and sales of cylindrical batteries to Tesla, as the rechargeable battery maker aims to achieve stellar earnings again this year by increasing investments, particularly in North America. Announcing a 43 percent year-on-year increase in annual sales to a record 25.6 trillion won ($21 billion)...

Park Jae-hyuk | 2023-01-27 15:13

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