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POSCO E&C to Deploy Walking Robot for Tunnel Construction Safety Management

POSCO E&C to Deploy Walking Robot for Tunnel Construction Safety Management

SEOUL, May 14 (Korea Bizwire) — POSCO Engineering & Construction Co., an affiliate of POSCO, South Korea’s top steelmaker, plans to deploy a walking robot for safety management during tunnel construction. The company said Thursday that it had decided to use a walking robot mounted with LiDAR and a high-performance camera to examine construction errors [...]

POSCO Embarks on Reforestation Project After Creating Matching Fund with Australia’s BHP

POSCO Embarks on Reforestation Project After Creating Matching Fund with Australia’s BHP

SEOUL, April 26 (Korea Bizwire) — South Korea’s leading steelmaker POSCO has embarked on a project to restore deforested areas through partnerships with a string of domestic and international companies. On Saturday, POSCO held a tree planting event in Pyeongchang County, Gangwon Province along with Australian mining giant BHP Group Ltd. and local social enterprise [...]

POSCO to Terminate Business Tie-Up with Firm Backed by Myanmar Military

POSCO to Terminate Business Tie-Up with Firm Backed by Myanmar Military

SEOUL, April 19 (Korea Bizwire) — South Korea’s leading steelmaker POSCO has decided to end its relationship with a firm backed by Myanmar’s military. POSCO Coated & Color Steel Co., one of the steelmaker’s affiliates, recently issued a press release announcing that it will terminate the joint venture operation with Myanmar Economic Holdings Limited (MEHL) [...]

POSCO’s Q1 Operating Profit Hits Highest Point in 10 Years

POSCO’s Q1 Operating Profit Hits Highest Point in 10 Years

SEOUL, April 12 (Korea Bizwire) — South Korea’s leading steelmaker POSCO estimated Monday its first-quarter operating profit hit the highest point in 10 years on robust demand amid global economic recovery from the COVID-19 pandemic. Operating profit for the January-March quarter jumped to 1.55 trillion won (US$1.4 billion) from 705.3 billion won during the same [...]

SK E&C, POSCO to Develop Independent Model for Floating Offshore Wind Turbines

SK E&C, POSCO to Develop Independent Model for Floating Offshore Wind Turbines

SEOUL, April 9 (Korea Bizwire) — SK Engineering & Construction Co., a leading South Korean builder, has launched a drive to develop an independent model for a floating structure, a core component of offshore wind power farms that is drawing attention as an eco-friendly renewable energy source. The company announced on Thursday that it had [...]

POSCO Unit May Sever its Biz Ties with Myanmar’s Military Conglomerate

POSCO Unit May Sever its Biz Ties with Myanmar’s Military Conglomerate

SEOUL, April 6 (Korea Bizwire) — POSCO C&C, an affiliate of South Korea’s steel giant POSCO Group, said Tuesday it is studying various options to reconsider its business ties with Myanma Economic Holdings Public Company Limited (MEHL), one of Myanmar’s two largest military holding companies. The move by the maker of surface-treatment steel sheets came [...]

POSCO Buys 64,000 Tons of Carbon-neutral LNG to Fulfill ESG Vows

POSCO Buys 64,000 Tons of Carbon-neutral LNG to Fulfill ESG Vows

SEOUL, March 30 (Korea Bizwire) — South Korean steelmaker POSCO announced Monday that it had recently purchased approximately 64,000 tons of carbon-neutral liquified natural gas (LNG). Carbon-neutral LNG emits zero carbon by canceling all carbon dioxide emitted throughout all phases of production and supply of natural gas with carbon credits earned through forestry or other [...]