Seoul shares opened higher Tuesday as investors scooped up auto and chemical shares, despite a slump in technology shares on Wall Street. The benchmark Korea Composite Stock Price Index fell 6.69 points, or 0.24 percent, to 2,771.42 in the first 15 minutes of trading. Overnight, the Nasdaq Composite plunged 1.09 percent, and the Dow Jones Industrial Average added 0.67 percent. Nvidia, which briefly shot up to become the most valuable firm last week, plunged 6.68 percent, with other technology fi

LG Chem Vice Chairman and CEO Shin Hak-cheol has been named co-chair of World Economic Forum’s Annual Meetings of New Champions this year, the company said Monday. The World Economic Forum holds the annual meeting in Dalian, China, from Tuesday to Thursday this week, under the title of “Next Frontiers for Growth.” The event will invite over 1,500 high-profile leaders from business, government, civil society and international organizations. Shin, one of the 11 co-chairs of the a

Seoul shares opened lower Monday, after a mixed close on Wall Street, as investors remained cautious ahead of key US data and corporate earnings. The benchmark Korea Composite Stock Price Index fell 6.68 points, or 0.24 percent, to 2,777.58 in the first 15 minutes of trading. On Friday, the Dow Jones Industrial Average edged up 0.04 percent, while the Nasdaq Composite and S&P 500 fell 0.16 percent and 0.18 percent, respectively, as big-cap tech shares took a breather following a rally. Inves

LG Group Chairman Koo Kwang-mo traveled to the US last week to check on the operations of the group’s major affiliates and examine future growth engines, including artificial intelligence, robots, biotechnology and cleantech -- technology that reduces negative impacts on the environment -- the company said on Sunday. During the four-day trip from June 17, travelling across the country from Tennessee to the California's Silicon Valley, Koo also met with Jim Keller, the chief executive

Debate over a bill expanding the responsibilities a company director not only to the interest of the firm but also to the interest of the shareholders has been rekindled, with business groups showing strong resistance, arguing it could invite damage claims from individual shareholders. Rep. Jeong Jun-ho of the main opposition Democratic Party of Korea proposed on June 5 an amendment to an article of the Commercial Act tied to the "Duty of Loyalty by Directors," after a similar bill was

South Korean shares closed lower Monday as investors took to the sidelines ahead of the US Federal Reserve's rate-setting meeting later this week. The local currency sharply lost ground against the US dollar. The benchmark Korea Composite Stock Price Index lost 21.5 points, or 0.79 percent, to close at 2,701.17. Trade volume was moderate at 499.3 million shares worth 11.16 trillion won ($8.1 billion), with losers outnumbering gainers 499 to 381. Retail investors scooped up a net 553.8 billi

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

LG Energy Solution signs MoU with Analog Devices, Inc. (ADI), a global semiconductor leader with Innovative Intelligence at the Edge technologies in the field of battery management. The companies are working towards co-development of a technology that will enable precise measurement of battery cells' internal temperature. This has potential to enhance safety and charging speed, thus further advancing the clean energy ecosystem. LG Energy Solution aims to provide differentiated customer va

LG Energy Solution seeks to partner with promising startups around the globe by proactively discovering and acknowledging them in their early stages of development Along with the prize money of up to $30,000, selected companies will be considered for future investment and technological collaboration opportunities Applications accepted through June 30 on the official contest website 'New to LG' and 'Metal Sourcing' categories established to encourage collaborative ideas on supply chain m

LG Chem said on Friday that it has secured a 20-year deal to purchase clean electricity from two wind farms in South Korea, as part of its efforts to reduce carbon emissions and achieve net zero by 2050. Facilitated by the state-run utility Korea Electric Power Corporation, LG Chem formed a power purchase agreement with ST International, an energy trading company, and Shinhan Asset Management, the owners of the two wind farms, with a combined capacity of 241 megawatts, located in Yeongdeok and Y

South Korean stocks opened lower Wednesday, bucking overnight gains on Wall Street as auto and chemical shares slumped. The benchmark Korea Composite Stock Price Index fell 4.19 points, or 0.15 percent, to 2,718.66 in the first 15 minutes of trading. Overnight, the tech-heavy Nasdaq composite closed at an all-time high by advancing 0.59 percent, while the Dow Jones Industrial Average moved down 0.55 percent. The United States is set to release April's Personal Consumption Expenditures index

South Korean stocks closed nearly flat after choppy trading Tuesday as investors waited for clues over the direction of the US rate decision. The local currency rose against the US dollar. The benchmark Korea Composite Stock Price Index edged down 0.14 points, or 0.01 percent, to close at 2,722.85. Trade volume was moderate at 432 million shares worth 11.3 trillion won ($8.31 billion), with losers outpacing gainers 467 to 401. Foreigners bought a net 45.4 billion won worth of local shares, while

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 closed almost flat Thursday as an increase in big-cap semiconductor shares was offset by hawkish tones in the latest minutes of the US Federal Reserve. The local currency rose against the US dollar. The benchmark Korea Composite Stock Price Index edged down 1.65 points, or 0.06 percent, to close at 2,721.81. Trade volume was moderate at 421.6 million shares worth 11.3 trillion won ($8.3 billion), with losers beating winners 530 to 349. Individual investors and institutions un