POHANG, Nov. 18 (Korea Bizwire) – A civic organization in Pohang, North Gyeongsang Province, has launched a public campaign to boost morale at local steel companies, hanging 20 encouraging banners across the city on November 16. The “People Making Happy Pohang” group, led by Park Je-seo, displayed 15 banners supporting POSCO and five supporting Hyundai Steel, [...]
SEOUL, Sept. 11 (Korea Bizwire) – In a significant step towards the future of transportation, POSCO, the South Korean steel giant, has become the world’s first manufacturer to produce specialized steel for hyperloop systems, supplying it to a European test track. On September 10, POSCO announced its participation in the inauguration ceremony of the European Hyperloop [...]
POHANG, Aug. 26 (Korea Bizwire) – On a sweltering August day, the POSCO steel mill in Pohang hums with activity. But it’s not just human workers feeling the heat — artificial intelligence is taking on some of the most challenging and dangerous tasks in this sprawling industrial complex. At a product inspection area about 15 minutes [...]
SEOUL, Jul. 9 (Korea Bizwire) — POSCO International Corp. said Tuesday it has completed the construction of a liquefied natural gas (LNG) terminal, marking the first such facility operated by a private business. The trading and energy unit of South Korea’s top steelmaker, POSCO, said the completion of the terminal, which includes six storage tanks, [...]
SEOUL, Jun. 7 (Korea Bizwire) – Facing intensifying headwinds in the global steel industry, POSCO, South Korea’s largest steelmaker, has reinstated a five-day workweek for its executives, just four months after pioneering a four-day schedule in an attempt to improve work-life balance. According to industry sources, POSCO notified employees last month that senior managers would return [...]
Hazer and POSCO to develop a project pathway for the integration of Hazer’s hydrogen and graphite production technology into POSCO’s steel manufacturing process. MoU represents delivery of the next phase of Hazer’s scale-up strategy into key commercial markets with tier-1 partners. Steel making is a carbon intensive industry, responsible for over 8% of global carbon [...]
SEOUL, Apr. 26 (Korea Bizwire) — POSCO Future M Co., the battery materials unit of POSCO Holdings Inc., said Friday it will set up a joint venture (JV) with Honda Motor Co. in Canada mainly for the supply of a core battery material to the Japanese carmaker. The two companies have signed a memorandum of [...]
SEOUL, Mar. 20 (Korea Bizwire) – POSCO Holdings, a major South Korean steelmaker listed on the KOSPI index, has seen a precipitous drop in foreign shareholdings over the past year, as global investors grow increasingly wary of the company’s climate impact and carbon footprint. According to data from the Korea Exchange, foreign ownership of POSCO Holdings [...]
SEOUL, Feb. 26 (Korea Bizwire) — POSCO International Corp., the trading unit of South Korea’s leading steelmaker POSCO, said Monday it will expand its overseas traction motor core production capacity to secure a new growth driver. In a recent board meeting, POSCO International decided to build the No. 2 traction motor core plant in Mexico [...]
SEOUL, Dec. 27 (Korea Bizwire) — POSCO Holdings Inc. said Wednesday it has joined hands with a Chinese firm to build a plant for rare gases used mainly in chipmaking in a bid to meet growing domestic demand. South Korea’s top steelmaker said it will break ground in 2024 on the factory, which will be [...]