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LG vice chairman Kwon tapped as new head of LG Energy Solution

SEOUL, Oct. 25 (Yonhap) -- LG Energy Solution Ltd. said Monday it has tapped Kwon Young-soo, vice chairman of LG Corp. as its new CEO, a move largely seen as a replacement in the wake of its battery recalls in General Motors Co.'s Bolt electric v
Woori Financial Group Q3 net income up 58.1 pct. to 824.7 bln won

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SEOUL, Oct. 25 (Yonhap) -- Woori Financial Group Inc. on Monday reported its third-quarter net profit of 824.7 billion won (US$705.9 million), up 58.1 percent from a year earlier.Operating profit for the July-September period was 1.09 trillion won, u
LG Chem Q3 net income up 19.2 pct. to 679.9 bln won

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SEOUL, Oct. 25 (Yonhap) -- LG Chem Ltd. on Monday reported its third-quarter net profit of 679.9 billion won (US$581.9 million), up 19.2 percent from a year earlier.Operating profit for the July-September period was 726.6 billion won, down 19.6 perce
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SK Group vows to create 27,000 youth jobs over next 3 yrs: gov't

SEOUL, Oct. 25 (Yonhap) -- SK Group has promised to create 27,000 new jobs over the next three years as part of the government's youth job and education support project, the Prime Minister's Office said Monday. South Korea's third-largest
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(2nd LD) POSCO's Q3 net rises more than fourfold on robust demand

(ATTN: ADDS more details in last 3 paras)SEOUL, Oct. 25 (Yonhap) -- POSCO, the world's fifth-largest steelmaker by output, said Monday its third-quarter net profit rose more than fourfold from a year earlier on robust demand amid the global econo
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S. Korea to raise need for int'l discussions on Japan's Fukushima plan in IMO meeting

SEOUL, Oct. 25 (Yonhap) -- South Korea will once again call for international discussions on Japan's plan to discharge radioactive water from its crippled Fukushima nuclear power plant into the ocean at this week's international maritime gath
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(LEAD) POSCO's Q3 net rises more than 4-fold on robust demand

(ATTN: RECASTS headline, lead; ADDS more details throughout)SEOUL, Oct. 25 (Yonhap) -- POSCO, the world's fifth-largest steelmaker by output, said Monday its third-quarter net profit rose more than four-fold from a year earlier on robust demand a
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Korea Shipbuilding grabs 383 bln-won order for 4 chemical carriers

By Nam Kwang-sik SEOUL, Oct. 25 (Yonhap) -- Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Monday it has obtained a 383 billion-won (US$325 million) deal to build four LNG-propelled petrochemical carriers. The 4,000-ton vessels to be built
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POSCO Chemical to supply materials to Norwegian EV battery maker

SEOUL, Oct. 25 (Yonhap) -- POSCO Chemical Co., a unit of South Korea's steel giant POSCO, said Monday it has signed a deal with a Norwegian electric vehicle (EV) battery maker on development and supply of key EV battery components in a bid to tap
POSCO Q3 net profit up 415.7 pct. to 2.63 tln won

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SEOUL, Oct. 25 (Yonhap) -- POSCO on Monday reported its third-quarter net profit of 2.63 trillion won (US$2.2 billion), up 415.7 percent from a year earlier.The company said in a regulatory filing that it posted 3.12 trillion won in operating profit
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Samsung Heavy bags 971 bln-won order for 4 LNG carriers

By Nam Kwang-sik SEOUL, Oct. 25 (Yonhap) -- Samsung Heavy Industries Co. said Monday it has signed a 971.3 billion-won (US$825.2 million) deal to construct four LNG carriers. Under the deal with a shipper in Bermuda, Samsung Heavy will deliver the ve
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S. Korea to unveil measures to enhance efficacy of lending rules based on repayment capacity

SEOUL, Oct. 25 (Yonhap) -- South Korea will unveil measures to curb household debt in a way that "strikes a balance" between toughening lending rules based on borrowers' repayment capability and protecting those in actual need of loan
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S. Korean defense firms clinch deals worth US$128 mln at ADEX: organizers

SEOUL, Oct. 24 (Yonhap) -- South Korean defense companies have signed business contracts worth US$128 million in total during a biennial arms exhibition held south of Seoul last week, its organizers said Sunday.More than 250 local companies joined th
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Regulator takes action against Nissan, Porsche over false emissions info

SEJONG, Oct. 24 (Yonhap) -- South Korea's antitrust regulator said Sunday it has decided to order Nissan Motor Corp., Porsche AG and their two Korean units to take corrective steps for falsified information over gas emissions of their diesel cars
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S. Korea's seaport cargo up 8.1 pct in Q3 amid global rebound

SEOUL, Oct. 24 (Yonhap) -- Cargo processed at South Korean seaports advanced 8.1 percent in the third quarter of this year as trade gained traction amid the global economic recovery from the pandemic, the oceans ministry said Sunday.Cargo handled at
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(4th LD) New virus cases below 2,000 for 15th day as vaccination rate exceeds 70 pct milestone

(ATTN: UPDATES with latest info in 11th para)SEOUL, Oct. 23 (Yonhap) -- South Korea saw its new coronavirus cases rise slightly Saturday, but the daily caseload stayed below 2,000 for the 15th straight day, as the country's vaccination rate surpa
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(3rd LD) New virus cases below 2,000 for 15th day as vaccination rate exceeds 70 pct milestone

(ATTN: UPDATES with latest info in 11th para)SEOUL, Oct. 23 (Yonhap) -- South Korea saw its new coronavirus cases rise slightly Saturday, but the daily caseload stayed below 2,000 for the 15th straight day, as the country's vaccination rate surpa
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(2nd LD) New virus cases below 2,000 for 15th day as vaccination rate exceeds 70 pct milestone

(ATTN: UPDATES with vaccination rate in lead para; ADDS info in para 9, new photo; AMENDS headline)SEOUL, Oct. 23 (Yonhap) -- South Korea saw its new coronavirus cases rise slightly Saturday, but the daily caseload stayed below 2,000 for the 15th str
(URGENT) S. Korea's vaccination rate exceeds key milestone of 70 pct: KDCA

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(LEAD) New virus cases below 2,000 for 15th day as vaccination rate nears 70 pct milestone

(ATTN: ADDS details in last 3 paras)SEOUL, Oct. 23 (Yonhap) -- South Korea saw its new coronavirus cases rise slightly Saturday, but the daily caseload stayed below 2,000 for the 15th straight day, as the country's vaccination rate was nearing a