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Philip Morris names new managing director for S. Korean arm

SEOUL, April 19 (Yonhap) -- Philip Morris Korea Inc. said Wednesday that Hannah Yun, the managing director of Philip Morris Australia, has been named its new chief. Yun is scheduled to begin her new position in May as the head of the South Korean arm
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European Chips Act to create new biz opportunities for S. Korean firms: industry ministry

SEOUL, April 19 (Yonhap) -- The envisioned Chips Act by the European Union can create new business opportunities for South Korean materials, parts and equipment makers in the semiconductor industry, though it is expected to intensify global competiti
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Kia urges labor union to accept scrapping hiring favors given to employees' offspring

SEOUL, April 18 (Yonhap) -- Kia Corp., the country's No. 2 automaker, has asked its labor union to agree to scrapping hiring favors given to employees' offspring, industry sources said Tuesday.Under the collective agreement with the automaker
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(LEAD) POSCO Holdings Q1 operating profit down 70 pct on increased costs

(ATTN: RECAST headline, lead and throughout; ADDS image)SEOUL, April 18 (Yonhap) -- POSCO Holdings Inc. on Tuesday said its first-quarter operating income is estimated at 700 billion won (US$531 million), down 69.6 percent from a year earlier, on inc
POSCO Holdings Q1 operating profit down 69.6 pct to 700 bln won

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SEOUL, April 18 (Yonhap) -- POSCO Holdings Inc. on Tuesday estimated its first-quarter operating earnings at 700 billion won (US$530.9 million), down 69.6 percent from a year earlier.Sales decreased 8.9 percent to 19.39 trillion won. The data for net
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HD Korea Shipbuilding bags 120.6 bln-won order for 2 product carriers

SEOUL, April 18 (Yonhap) -- HD Korea Shipbuilding & Offshore Engineering Co. said Tuesday it has won a 120.6 billion-won (US$92.8 million) order to build two product carriers for an Asian shipper.Hyundai Mipo Dockyard Co., one of HD Korea Shipbuildin
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S. Korea to extend tax cut on fuel to tackle inflation

By Kang Yoon-seungSEOUL, April 18 (Yonhap) -- South Korea plans to extend the consumption tax cut scheme on fuel, which is set to expire this month, through August, the finance ministry said Tuesday, despite concerns the government's tax revenue
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Hyundai, Kia aim to revive sales in China with new models

SEOUL, April 18 (Yonhap) -- Hyundai Motor Co. and its smaller affiliate Kia Corp. said Tuesday they aim to revive lackluster sales in China by launching new models in the world's biggest automobile market this year. The two South Korean carmakers
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(LEAD) S. Korea to extend support for 'key strategic technologies' of advanced materials, parts, equipment

(ATTN: UPDATES with finance minister's remarks in last 5 paras)SEOUL, April 18 (Yonhap) -- South Korea will add 50 advanced technologies related to the materials, components and equipment fields to the state "key strategic technology list&
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Lotte Biologics to invest US$48 mln in U.S. plant

SEOUL, April 18 (Yonhap) -- Lotte Biologics Co., a pharmaceutical unit under the South Korean retail giant Lotte Group, said Tuesday it will invest US$48 million into its recently acquired U.S. plant to upgrade and boost its production capacity.The K
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S. Korea to extend support for 'key strategic technologies' of advanced materials, parts, equipment

SEOUL, April 18 (Yonhap) -- South Korea will add 50 advanced technologies related to the materials, components and equipment fields to the state "key strategic technology list" to nurture companies that can secure outstanding global compe
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Employment at restaurants, bars up in H2 amid recovery from pandemic

By Kang Yoon-seungSEOUL, April 18 (Yonhap) -- The number of jobs supplied by restaurants and bars rose on-year in the second half of 2022, data showed Tuesday, as the country returned to pre-pandemic normalcy. Local restaurant businesses employed 1.6
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LG Group chief stresses keeping competitive edge in key battery material

SEOUL, April 18 (Yonhap) -- LG Group Chairman Koo Kwang-mo stressed the importance of keeping a leading position in the production of a key secondary battery material, as the intensifying global race to develop electric vehicles (EV) has sharply driv
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Samsung SDI showcases EV battery lineups at China auto show

SEOUL, April 18 (Yonhap) -- South Korean battery maker Samsung SDI Co. said Tuesday it is presenting its latest electric vehicle (EV) battery products and technologies at a major auto show in China this week, including the high-nickel prismatic cell
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Imports of Japanese seafood jump 21 pct in Q1 amid tainted water concerns

SEOUL, April 18 (Yonhap) -- South Korean imports of Japanese seafood swelled nearly 21 percent in the first quarter of 2023 despite concerns over Tokyo's planned release of contaminated water from its crippled nuclear power plant, government data
Top headlines in major S. Korean newspapers

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SEOUL, April 18 (Yonhap) -- The following are the top in major South Korean newspapers on April 18.Korean-language dailies-- Another victim of 'rental scam' dies in apparent suicide (Kyunghyang Shinmun)-- Home becomes prison; grave for 3rd v
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LG Chem to build battery precursor factory in S. Korea with China's Huayou Cobalt

By Kim Seung-yeon SEOUL, April 17 (Yonhap) -- LG Chem Ltd. said Monday it is joining hands with a Chinese mining company to build a battery precursor factory in South Korea, as it steps up to bolster the supply chains of secondary battery materials.
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Hyundai Mobis develops world's 1st rollable vehicle display

SEOUL, April 17 (Yonhap) -- Hyundai Mobis Co., South Korea's leading auto parts maker, said Monday it has developed the world's first rollable display for vehicles. The rollable display disappears when the engine is turned off and the screen
China's reopening still has limited impact on S. Korea's economy: report

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SEOUL, April 17 (Yonhap) -- China's reopening is delivering a weaker-than-expected impact on South Korea's economy with exports of IT goods still remaining sluggish, a report showed Monday.The report compiled by the Bank of Korea (BOK) said C
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Fried chicken chain Genesis BBQ opens 1st shop in Florida

SEOUL, April 17 (Yonhap) -- South Korean fried chicken franchise Genesis BBQ Co. said Monday it has recently opened its first shop in Florida as part of efforts to tap deeper into the American market. The shop has opened in Tampa, one of the most pop