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Heekyong Yang

Tesla supplier LG Chem approves plan to split off battery business

3:00am EDT

SEOUL LG Chem shareholders on Friday approved a plan to separate its battery business into a new company, paving the way for a potential public listing to finance expansion.

S-Oil expects fourth quarter refining margins to improve on demand for winter season

Oct 28 2020

SEOUL South Korea's S-Oil Corp said on Wednesday refining margins are expected to improve in the fourth quarter, supported by increased demand for kerosene and diesel ahead of the winter season.

South Korea pension fund to oppose LG Chem's battery split-off plan

Oct 27 2020

SEOUL South Korea's National Pension Service (NPS) will oppose LG Chem's plan to separate its battery business into a new company, the NPS said on Tuesday.

U.S. ITC delays decision on LG Chem, SK Innovation trade secret case

Oct 27 2020

WASHINGTON/SEOUL The United States International Trade Commission (ITC) on Monday delayed a decision in a trade secrets case involving South Korean battery makers LG Chem and SK Innovation to Dec. 10.

Hyundai Motor swings to quarterly loss as engine issues batter earnings

Oct 26 2020

SEOUL South Korea's Hyundai Motor Co said on Monday it swung to a net loss for July-September, missing market estimates by a wide margin, as costs related to engine quality issues and recalls smashed what would otherwise have been strong earnings. | Video

South Korean authorities stick to flu vaccine plan after deaths rise to 48

Oct 24 2020

SEOUL The number of South Koreans who have died after getting flu shots has risen to 48, the Korea Disease Control and Prevention Agency (KDCA) said on Saturday, adding that the vaccines would continue to reduce the chance of having simultaneous epidemics.

North Korea says China dust could spread COVID-19, warns people to stay inside

Oct 24 2020

SEOUL North Korea has warned its citizens to stay indoors, saying seasonal yellow dust blowing in from China might carry the new coronavirus into the country.

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