LG Energy Solution Ltd. (LGES), South Korea’s leading battery maker, said Friday its estimated operating profit plunged 75 percent in the first quarter from a year earlier due to slowing EV sales.
Operating profit for the three months ended in March…
LG Energy Solution Ltd. on Friday estimated its first-quarter operating earnings at 157.3 billion won (US$116.3 million), down 75.2 percent from a year earlier.
Revenue decreased 29.9 percent to 6.12 trillion won. The data for net earnings was not a…
Kia Corp., South Korea’s second-biggest carmaker, said Friday it will invest 38 trillion won (US$28 billion) in future mobility solutions by 2028, while strengthening its gasoline hybrid vehicle lineup amid slowing sales of electric vehicles.
The pl…
South Korea welcomed Friday the adoption of a United Nations resolution denouncing North Korea’s egregious human rights violations and called on the North to take measures to resolve the issue of detainees, abductees and prisoners of war.
The call c…
Asiana Airlines Inc.’s unionized pilots said Friday they have brought a wage dispute with the air carrier to the state labor relations commission for arbitration after failing to reach an agreement.
“We declared the breakdown of talks as of noon,” a…