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LG Innotek 2022 Net Up 10.3 pct on Demand for Auto Components

LG Innotek 2022 Net Up 10.3 pct on Demand for Auto Components

SEOUL, Jan. 25 (Korea Bizwire) — LG Innotek Co., an IT parts manufacturer, on Wednesday said its net profit for 2022 rose more than 10 percent, helped by robust sales of high-value products and growing demand from automotive components customers. In a regulatory filing, LG Innotek, Apple’s largest partner in the field of optics, reported [...]

POSCO Holdings 2022 Operating Income Nearly Halves on Typhoon Damage, Downturn

POSCO Holdings 2022 Operating Income Nearly Halves on Typhoon Damage, Downturn

SEOUL, Jan. 20 (Korea Bizwire) — POSCO Holdings Inc. on Friday said its operating income nearly halved last year from a year earlier largely due to a typhoon in September and an industry downturn. Its operating income stood at 4.9 trillion won (US$3.96 billion) last year, sharply down from an operating income of 9.2 trillion [...]

SK On Teams Up with U.S. Graphite Processor to Develop Battery-grade Anode Materials

SK On Teams Up with U.S. Graphite Processor to Develop Battery-grade Anode Materials

SEOUL, Jan. 19 (Korea Bizwire) — South Korean battery maker SK On Co. said Thursday it has joined hands with a U.S. company to jointly develop natural graphite anode materials used in electric vehicle (EV) batteries, in the latest move to diversify the supply of key battery components. Under the joint development agreement recently signed [...]

Top Firms Invest Big in Environment, Safety Areas in 2022

Top Firms Invest Big in Environment, Safety Areas in 2022

SEOUL, Jan. 18 (Korea Bizwire) — Major South Korean companies spent more than 5 trillion won (US$4.04 billion) in 2022 to help cut air pollution and promote workplace safety as part of their so-called environment, social and governance (ESG) management, a report said Wednesday. The country’s top 100 firms by sales invested 5.44 trillion won [...]