SEOUL, Jun. 11 (Korea Bizwire) — Posco Group and its main subsidiary Daewoo International are battling over the sale of a gas field in Myanmar that is the main cash cow for Daewoo International. As Posco Group undertook plans to sell the gas field without consulting executive members of Daewoo International, Jeon Byeong Eal, CEO [...]
SEOUL, May 15 (Korea Bizwire) — Daewoo International held a job fair solely to recruit personnel for the establishment of a domestic auto industry in Saudi Arabia, said the company on May 14. Saudi Arabian sovereign fund PIF (Public Investment Fund) has launched a project in an attempt to establish a domestic automobile manufacturer, and [...]
SEOUL, March 4 (Korea Bizwire) — POSCO, South Korea’s largest steelmaker, said Wednesday that it has signed a tentative deal with a sovereign fund of Saudi Arabia to push for “comprehensive” cooperation that includes construction and automaking. The tie-up was promised under a memorandum of understanding signed by POSCO CEO Kwon Oh-joon and Abdulrahman Al [...]
SEOUL, Dec. 4 (Korea Bizwire) – Daewoo International, the first Korean private company to acquire gas exploration rights, launched its full-fledged exploration activities to develop natural gas on the East Sea continental shelf. The company announced on December 2 that it began test drilling at the Gorae (Whale) gas field D in the 6-1S block, [...]
SEOUL, Aug. 17 (Korea Bizwire) — Daewoo International Corporation, Korea’s largest trading company, said on August 15 that it has acquired a stake in a copper mine in Wetar Island, Indonesia. The POSCO Group company signed on the 14th with Australia’s Finders Resources Ltd. to take a 24.1-percent stake in PT Batutua Tembaga Raya, the Indonesian firm operating [...]
SEOUL, Korea, April 15, 2014 (Korea Bizwire) – On average male employees of Korea’s top-20 largest companies receive 1.5 times more salaries than female counterparts. According to a business report issued by top 20 companies (not including financial service firms), excluding SK Networks where the average annual salary by gender is not specified, male employees’ [...]