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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

SEOUL, Jan. 27 (Korea Bizwire) — POSCO Chemical Co., a major South 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. Operating income reached 165.9 billion won (US$134.7 million) in the January-December period, up 36.3 percent from the previous [...]

Kia Q4 Net Jumps 63 pct on Improved Chip Supplies, SUV Demand

Kia Q4 Net Jumps 63 pct on Improved Chip Supplies, SUV Demand

SEOUL, Jan. 27 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Friday its fourth-quarter net profit soared 63 percent from a year earlier on improved chip supplies, strong demand for its high-end SUVs and a weak won. Net profit for the three months ended Dec. 31 jumped to 2.037 trillion won (US$1.65 billion) [...]