Posco Archives | Be Korea-savvy
POSCO, Brazil’s Vale Donate US$100,000 to Support S. Korea’s Young Students

POSCO, Brazil’s Vale Donate US$100,000 to Support S. Korea’s Young Students

SEOUL, June 23 (Korea Bizwire) — POSCO, South Korea’s top steelmaker, said it has launched a talent cultivation program in collaboration with Brazilian mining giant Vale SA. Under this program, the two companies agreed to offer support to young students from low-income households in South Korea and Brazil. On Wednesday, POSCO donated US$100,000 to Korea [...]

SK On Teams Up with POSCO for Rechargeable Battery Business

SK On Teams Up with POSCO for Rechargeable Battery Business

SEOUL, June 16 (Korea Bizwire) — South Korean battery maker SK On Co. and steel giant POSCO jointly announced on Wednesday that they had signed a memorandum of understanding to promote comprehensive cooperation in their burgeoning secondary battery business. The two parties plan to unite forces to explore joint projects throughout the entire value chain [...]

POSCO Develops Forklift Collision Prevention Technology

POSCO Develops Forklift Collision Prevention Technology

POHANG, June 6 (Korea Bizwire) — An automatic stop technology has been developed to prevent forklift collisions. South Korean steel giant POSCO said it had developed the automatic stop technology for forklifts in collaboration with the Research Institute of Industrial Science & Technology, Posco Group’s Future Technology Research Institute and local small and medium companies. [...]

POSCO to Invest 53 tln Won in Eco-friendly Plant, Battery Materials

POSCO to Invest 53 tln Won in Eco-friendly Plant, Battery Materials

SEOUL, May 26 (Korea Bizwire) — POSCO Group said Thursday it will invest 53 trillion won (US$41.8 billion) over the next five years to transform its steel plants into environment-friendly facilities and invest in battery materials. The South Korean steelmaker will spend most of the planned investment to upgrade the existing steel mills into eco-friendly [...]

Another POSCO Employee Recognized as Victim of Industrial Disaster

Another POSCO Employee Recognized as Victim of Industrial Disaster

POHANG, May 19 (Korea Bizwire) — Another employee at South Korean steelmaker POSCO who was diagnosed with lung cancer has been recognized as a victim of an industrial disaster. A 68-year-old former POSCO employee who was recently diagnosed with lung cancer was recognized as a victim of an industrial disaster under the Industrial Accident Compensation [...]

KEPCO Teams Up with POSCO, Lotte Chemical to Establish Hydrogen Ecosystem

KEPCO Teams Up with POSCO, Lotte Chemical to Establish Hydrogen Ecosystem

SEOUL, May 4 (Korea Bizwire) — South Korea’s state utility Korea Electric Power Corp. (KEPCO) has launched an initiative to create a hydrogen ecosystem, including the commercialization of hydrogen and ammonia power generation, through a collaboration with private companies. KEPCO recently signed a memorandum of understanding with Lotte Chemical Corp. and POSCO Holdings Inc. to expand cooperation [...]