Category: Business

POSCO to build lithium plant in S. Korea

SEOUL– POSCO, the world’s fifth-largest steelmaker by output, said Wednesday it will build a plant in South Korea to extract lithium hydroxide, a key material for electric vehicle (EV) batteries.POSCO said its board of directors approved the plan last…

Samsung thanks Biden administration for chip supply meeting

SEOUL– Samsung Electronics Co., the world’s largest memory chip producer, on Wednesday expressed its gratitude to U.S. President Joe Biden and his government for holding a meeting with business leaders to resolve the chip shortage in the industry.Sams…

S. Korean Bond Yields on Apr. 14, 2021

Today (%) Previous Session(%) Change (BP)1-year TB 0.648 0.656 -0.83-year TB 1.102 1.138 -3.610-year TB 1.990 2.027 -3.72-year MSB 0.895 0.911 -1.63-year CB (AA-) 2.003 2.029 -2.691-day CD 0.730 0.730 0.0Source: Yonhap News Agency

Coupang’s sales nearly double, losses sharply narrow in 2020

SEOUL– South Korea’s e-commerce giant Coupang Inc. saw its yearly revenue almost double in 2020 from a year ago on the back of explosive growth in the e-commerce sector, and its losses sharply narrowed, filing data showed Tuesday.Coupang’s sales stood…