...ent to 83,400 won. However, Samsung Electronics retreated 0.71 percent to 56,000 won. Battery shares were also winners as industry leader LG Energy Solution gained 1.12 percent to 405,000 won and Posco Future M advanced 1.88 percent to 178,400 won. Top carmaker Hyundai Motor added 0.7 percent to 217,000 won and its sister Kia climbed 0.2 percent to 97,800 won. Doosan Robotics rose 0.87 percent...

...t consultative body with the government to devise strategies for expected policy changes by the Donald Trump administration, the industry ministry said. Officials from major steelmakers, including Posco and Hyundai Steel, made the call during a meeting with Industry Minister Ahn Duk-geun in Seoul, where they discussed potential impacts of new policy measures by the upcoming US government and thei...

...started in positive territory. Chip giant SK hynix rose 1.9 percent, and leading battery maker LG Energy Solution advanced 1.87 percent. Top carmaker Hyundai climbed 0.23 percent, and steel giant Posco Holdings increased 1.15 percent. But top-cap Samsung Electronics fell 0.18 percent. The local currency had been trading at 1,400.5 won against the greenback as of 9:15 a.m., down 3 won from the ...

...l SK hynix rose 0.7 percent. Top carmaker Hyundai Motor dropped 1.14 percent, and its auto parts affiliate Hyundai Mobis added 0.2 percent. Leading battery maker LG Energy Solution retreated 1.37 percent, and steel giant Posco Holdings advanced 0.68 percent. The local currency had been trading at 1,398.2 won against the greenback as of 9:15 a.m., down 7.3 won from the previous session. (Yonhap)

South Korean steel giant Posco Group said Wednesday that it will shut down a wire rod mill at its steelworks in Pohang, North Gyeongsang Province, citing global oversupply. The company explained tha...global steel surplus, aging facilities, and the impact of China’s low-cost exports. According to Posco, the global wire rod market in 2023 had a production capacity of approximately 200 million metri...

South Korea's leading steelmaker, Posco, said Tuesday it shut down a wire rod mill in its factory in the southeastern city of Pohang in an effort to boost profitability and managerial efficiency. Th...n the global wire rod market from cheap Chinese steel products, as well as its decrepit facility, Posco added. Posco has four wire rod mills at the Pohang factory, including the closed one. "We've s...

Second Vice Foreign Minister Kang In-sun visited Posco Group’s battery materials subsidiary Posco Future M’s anode manufacturing plant in Sejong, pledging to support the facility in recovering its production levels. While touring the site Monday, Kang said, “Natural graphite and anode materials are critical minerals with high reliance on imports, underscoring the urgent need to diversify the sup...

...e fell 0.13 percent, and the tech-heavy Nasdaq Composite rose 0.6 percent. In Seoul, market bellwether Samsung Electronics rose 0.53 percent, and LG Electronics advanced 1.33 percent. Steel giant Posco Holdings increased 0.34 percent, and tech leader Naver went up 1.68 percent. On the other hand, chip giant SK hynix fell 1.81 percent, and leading battery maker LG Energy Solution dropped 0.13 pe...

... billion won. Investors' sentiment was dampened, with exporters, such as Samsung Electronics and POSCO, coming under heavy sell-offs. The weak Korean won also adding downward pressure to the market,...lling 3.43 percent and its sister Kia losing 1.2 percent. Steelmakers closed lower as well, with Posco Holdings sinking 5.25 percent and Korea Zinc sliding 14.1 percent. The local currency was tradi...

...h giant Samsung Electronics moved down 2.11 percent, and No. 2 chipmaker SK hynix shed 1.8 percent. Top battery maker LG Energy Solution, on the other hand, increased 8.91 percent. Top steelmaker Posco Holdings fell 1.09 percent, and Korea Zinc sank 11.43 percent. Financial shares also opened bearish, with KB Financial falling 1.18 percent and Shinhan Financial moving down 0.7 percent. The loc...

A fire erupted early Sunday morning at a Posco factory in Pohang, North Gyeongsang Province, and was brought under control within hours. Yet, a series of incidents, including multiple fires at Posco’... extent of the damage is yet to be determined, it is expected to take more than a week before the Posco plant can resume normal operations. However, according to Posco, no disruption in steel producti...

A fire broke at a Posco factory in the southeastern city of Pohang early Sunday, leaving one worker injured, fire authorities said. The fire started with multiple explosions at the steel company's t... 50-meter-high facility made firefighting efforts challenging, according to the authorities. One Posco worker inside the plant suffered burn injuries, while seven others evacuated safely. Authorities...

Posco Group is reportedly considering selling its stainless steel plant in Zhangjiagang, China, as part of a broader restructuring initiative led by Chairman Chang In-hwa to streamline 125 low-profit...cal production, Posco sees limited potential for profit improvement given the market conditions. Posco Holdings owns 58.6 percent of PZSS, while Posco China holds 23.9 percent, giving Posco a total s...

... on dim prospects for the electric vehicle sector under a second Trump term. Leading battery maker LG Energy Solution plunged 7.02 percent to 390,500 won, and its smaller rivals -- Samsung SDI and Posco Future M -- plummeted 5.98 percent and 8.26 percent, respectively, to 298,500 won and 216,500 won. Steel giant Posco Holdings and top chemical producer LG Chem also slid more than 5 percent to 322,500 won and 305,500 won, respectively. Industry leader Hyundai Motor dropped 3.95 percent to 206,500 won and its si...

South Korean steel giant Posco Group on Wednesday held the 2024 Posco Group Tech Forum, an annual event dedicated to sharing advancements in the core technologies of the group’s key businesses and di...reate synergies across different technology areas. Posco Group Chairman Chang In-hwa, along with Posco CEO Lee Si-woo, Posco Holdings CTO Kim Ki-soo, Posco E&C CEO Chon Jung-son, Posco Future M CEO Y...