October 30, 2024

POSCO International Q3 net income up 21.7 pct to 237.5 bln won

POSCO International on Wednesday reported its third-quarter net profit of 237.5 billion won (US$171.7 million), up 21.7 percent from a year earlier.

Operating profit for the July-September period was 357.2 billion won, up 14.6 percent from a year ago…

Seoul shares snap 3-day rise on tech, battery slump

South Korean stocks fell nearly 1 percent to snap a three-session winning streak as foreign investors dumped techs and battery stocks. The local currency rose against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) lost 24.01…

Hyundai Motor offers first look of upcoming Ioniq 9 electric SUV

Hyundai Motor Co. on Wednesday unveiled a teaser image of its upcoming all-electric Ioniq 9 sports utility vehicle, highlighting its massive-yet-sleek exterior design.

The teaser for the three-row electric SUV presents the overall silhouette and the …

(LEAD) Samsung SDI Q3 net plunges 63 pct on slowing EV sales

Samsung SDI Co., a major South Korean battery maker, said Wednesday its third-quarter net profit plunged 63 percent from a year earlier due to a slowdown in electric vehicle sales.

Net profit for the three months to September fell to 230.4 billion wo…