Posco Group Chairman Chang In-hwa stressed that the group will continue to focus on investing in its secondary battery materials business and expand the application of eco-friendly steel-making methods at a forum organized by World Steel Dynamics in New York, US, Posco Holdings said Wednesday. “The global auto industry will completely shift to electric vehicles in the end despite a recent slowdown. (Posco Group) sees the chasm as an opportunity to strengthen its business and to make new in

Seoul shares ended lower Monday to snap a four-session winning streak, amid speculations over a possible delay in long-awaited interest rate cuts by the US Federal Reserve. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index fell 14.32 points, or 0.52 percent, to close at 2,744.10. Trade volume was moderate at 545 million shares worth 12.2 trillion won ($8.8 billion), with losers outnumbering gainers 522 to 359. Individuals bought a net 313 billion won wort

Seoul shares opened lower Monday, after a mixed close on Wall Street, as investors remain concerned over a possible delay in long-awaited interest rate cuts by the US Federal Reserve. The benchmark Korea Composite Stock Price Index fell 6.15 points, or 0.22 percent, to 2,752.27 in the first 15 minutes of trading. On Friday, the Dow Jones Industrial Average fell 0.2 percent to 38,589.16 and the Nasdaq Composite rose 0.1 percent to 17,688.88. The Fed has recently pared back projections for rate cu

Posco International began construction of its new traction motor core plant in Brzeg, Opole Voivodeship, Poland on Tuesday, the company announced Wednesday. A traction motor core is a crucial component in the powertrain systems in most eco-friendly vehicles, except the ones powered by traditional combustion engines. Construction of the new factory in Poland, which will be built on a 100,000-square-meter land plot, will be completed in mid-2025. The goal is to begin commercial production of tract

GS Group’s corporate venture capital arm, GS Ventures, said Tuesday that it has successfully hosted Monday's GSV Tech Day at GS Tower, the conglomerate’s headquarters in southern Seoul. Initiated last September, GSV Tech Day provides a platform for startups within the venture capital unit's investment portfolio to exchange technology and cooperate. This year's event was themed on the future of batteries, featuring eight startups specializing in battery-related technolo

South Korean stocks ended more than 1 percent higher Friday as investors' hopes for US rate cuts increased after the European Central Bank cut interest rates for the first time in almost five years. The local currency rose against the US dollar. The benchmark Korea Composite Stock Price Index rose 33.17 points, or 1.23 percent, to close at 2,722.67. Trade volume was heavy at 771.8 million shares worth 12.2 trillion won ($8.9 billion), with gainers outpacing losers 460 to 400. Foreign invest

South Korean stocks opened sharply higher Friday backed by gains of big-cap tech and financial shares. The benchmark Korea Composite Stock Price Index rose 38.36 points, or 1.43 percent, to 2,727.86 in the first 15 minutes of trading. Overnight, the US stock market closed mixed as investors remained cautious ahead of key jobs data to be released later in the day, which will likely set the tone for the Federal Reserve's rate policy. In Seoul, market bellwether Samsung Electronics gained 0.9

Stock prices of oil- and gas-related companies spiked Monday, following President Yoon Suk Yeol's approval for exploratory drilling of potentially massive reserves of natural resources off the country's southeastern coast. Out of 10 stocks that hit upper price limits on Monday, seven were related to oil and gas. The benchmark Kospi was up 1.74 percent from the previous day. Shares of the state-run Korea Gas Corp. surged by 29.9 percent to close at 38,600 won ($28). Other shares in the

South Korean steel giant Posco Group said Friday that it held a ground-breaking ceremony for its new plants dedicated to nickel and precursor production, as part of efforts to secure a stable supply chain for secondary battery materials. For this project, Posco partnered with CNGR, a Chinese company renowned for its global leadership in precursor production. In January, Posco Holdings and CNGR established Posco CNGR Nickel Solution, their 60:40 joint venture specializing in nickel refining. Addi

South Korean stocks closed lower for the fourth consecutive day Friday on deepening concerns over a possible delay in US rate cuts. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index shed 34.21 points, or 1.26 percent, to close at 2,687.60. Trade volume was moderate at 491.3 million shares worth 12.01 trillion won (US$8.8 billion), with losers sharply outnumbering winners 618 to 263. Foreigners and institutions dumped local shares worth 377.4 billion w

Posco has harnessed its cutting-edge steel technology in the delicate task of South Korean cultural heritage restoration, transforming conventional sites in Seoul into vibrant spaces of public art and relaxation. At the heart of this project is PosART, or Posco Advanced Resolution printing Technology. It is an innovative steel sheet developed from PosMAC, or Posco Magnesium Alloy Coating Product, Posco’s proprietary corrosion-resistant steel. PosART also boasts the ability to render vivi

South Korean stocks opened sharply lower Friday, tracking overnight losses on Wall Street amid lowering hopes for the US Federal Reserve's early rate cuts. The benchmark Korea Composite Stock Price Index shed 34.27 points, or 1.26 percent, to 2,687.54 in the first 15 minutes of trading. The S&P 500 fell 0.7 percent, the Dow Jones Industrial Average slid 1.5 percent, and the tech-heavy Nasdaq Composite went down 0.4 percent as hotter-than-expected economic reports raised speculations the

South Korean stocks opened lower Thursday, tracking overnight losses on Wall Street spooked by hawkish tones in the latest minutes of the US Federal Reserve. The benchmark Korea Composite Stock Price Index shed 15.57 points, or 0.57 percent, to 2,707.89 in the first 15 minutes of trading. In the United States, S&P 500 fell 0.3 percent, the Dow Jones Industrial Average lost 0.5 percent, and the tech-heavy Nasdaq Composite went down 0.2 percent as the Fed minutes showed the disappointment of i

South Korean stocks ended lower Tuesday ahead of a release of the minutes of the US Federal Reserve's latest monetary policy meeting. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index shed 17.96 points, or 0.65 percent, to close at 2,724.18. Trade volume was moderate at 547.5 million shares worth 10.02 trillion won ($7.3 billion), with losers beating winners 585 to 290. Individual investors purchased a net 501.7 billion won worth of local shares,

South Korean stocks started lower Tuesday as big-cap tech shares fell across the board. The benchmark Korea Composite Stock Price Index shed 10.94 points, or 0.4 percent, to 2,731.20 in the first 15 minutes of trading. Overnight, major US stock indexes closed mixed, with the tech-heavy Nasdaq Composite up 0.7 percent to hit a record high on chip rally ahead of Nvidia's earnings release Wednesday and S&P 500 up 0.1 percent. The Dow Jones Industrial Average ended 0.5 percent lower. In Seo