Korea Joongang Daily
Korea JoongAng Daily

Financial holding companies see record net profits in 2025 due to banking, insurance operations

Financial holding companies in Korea saw record net profits last year thanks to the robust performances of banking and insurance operations, data showed on Thursday.

2026-04-09

Posco Holdings looks to lithium, steel for rebound as profit slides 15% in 2025

Posco Holdings reported a 15 percent drop in operating profit for 2025, despite strong performance in steel. They aim for recovery through rising lithium prices and expanded production, while facing challenges in materials and construction.

2026-01-29

Financial holding firms' H1 net rises 10 percent

Korean financial holding companies' combined net profit rose almost 10 percent in the first half of the year from a year earlier, helped by high interest incomes and investment gains, data showed Tuesday.

2025-11-04

Posco Holdings' Q3 net income down 22% to $272.4 million

Posco Holdings Inc. on Monday reported its third-quarter net income of 390 billion won ($272.4 million), down 22 percent from a year earlier.

2025-10-27

Posco Future M wins EV battery materials supply contract from Japan

Posco Future M, the battery materials unit of steel giant Posco Holdings, said Friday it has secured an electric vehicle (EV) battery materials supply contract from a major Japanese battery manufacturer.

2025-07-11

Posco inks MOU on lithium extraction in U.S. with Australian firm

Posco Holdings signed a memorandum of understanding with Australian mining company Anson Resources to demonstrate its direct lithium extraction technology at a site in Green River City, Utah.

2025-06-30

Holding firms on edge over president's pledge to mandate treasury stock cancellation

Korea’s leading conglomerate holding companies are closely watching whether President Lee Jae-myung will follow through on his campaign pledge to mandate the cancellation of treasury stock.

2025-06-06

Posco Holdings to inject $701 million into three battery business affiliates as EV market improves

Posco Holdings will inject around 1 trillion won into three affiliates in its battery materials business as part of a strategic effort to strengthen future competitiveness and prepare for growth once the EV market recovers from a temporary slowdown.

2025-05-13

LG, Posco launch carbon capture project: 'An important turning point'

LG Chem and Posco Holdings will develop carbon capture and utilization technologies to reduce emissions in chemicals and steelmaking, with a demonstration project set to begin next year.

2025-05-07

Posco Holdings raises $700 million in global green bond sale

Posco Holdings said Tuesday it has raised $700 million by selling green bonds in overseas markets.

2025-04-29