July 12, 2024

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POSCO Holdings to cancel 2 tln won worth of shares by 2026

POSCO Holdings Inc., the holding firm of South Korea’s leading steelmaker POSCO Group, said Friday it will cancel 2 trillion won (US$1.45 billion) worth of stocks by 2026.

POSCO Holdings plans to cancel 5.25 million shares worth 1.9 trillion won and…

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Seoul shares snap 3-day rise on profit-taking

Seoul shares closed lower Friday, snapping a rise for three consecutive sessions, as investors cashed in profits after the U.S. market finished bearish despite slowing inflation data. The local currency fell against the U.S. dollar.

The benchmark Ko…