POSCO seeks to shift into holding firm

SEOUL– POSCO, South Korea’s top steelmaker, is planning to transform into a holding company by splitting it into two business entities, industry sources said Wednesday.After the breakup, the steelmaking group’s holding company will be focused on chart…

Nov. vehicle sales fall 15 pct amid chip shortage

SEOUL– South Korean automakers’ sales fell 15 percent last month from a year earlier as a prolonged chip shortage continued to affect vehicle production and sales, industry data showed Wednesday.The country’s five carmakers — Hyundai Motor Co., Kia C…