SEOUL, Sept. 5 (Korea Bizwire) — POSCO International Corp., a South Korean commodities trader, said Monday its shipment of Ukrainian corn departed from a port in the war-torn country and will arrive home later this month. A vessel carrying 61,000 tons of corn left Pivdennyi Port in Ukraine on Aug. 16 and is on its [...]
SEOUL, Aug. 12 (Korea Bizwire) — POSCO International Corp., a trading arm of South Korean steel giant POSCO Holdings Co., said Friday it will push to merge with an energy affiliate, as it seeks to expand its business portfolio into renewable and other green energy sectors. POSCO International’s board earlier approved the plan and it [...]
SEOUL, July 13 (Korea Bizwire) — POSCO International Corp. said Wednesday that Indonesia, Australia and Uzbekistan will be the company’s new “strategic markets” for future growth as it seeks to bolster investment in energy, food and other eco-friendly sectors. The trading unit of South Korean steel giant POSCO Holdings Inc. made the announcement as it [...]
SEOUL, July 7 (Korea Bizwire) — POSCO International Corp., a unit of South Korean steel giant POSCO Holdings Inc., said Thursday it has begun the construction of an electric vehicle (EV) parts plant in Mexico as it pushes to expand its EV-related business. The driving motor core-producing plant in Ramos Arizpe in the state of [...]
SEOUL, June 2 (Korea Bizwire) — POSCO International Corp., a South Korean grain trader, said Thursday it has been working to transport 2,000 tons of wheat from its terminal in Ukraine in a partial resumption of its grain exports since Russia’s invasion of the major grain producer. The trading arm of South Korean steel giant [...]
SEOUL, May 4 (Korea Bizwire) — Major Korean refiner GS Caltex Corp. has joined hands with POSCO International Corp., the trading arm of steel giant POSCO, to strengthen its eco-friendly bio business. The two parties recently signed a memorandum of understanding to create a value chain from raw material refining to biochemical product production by [...]
SEOUL, Jan. 18 (Korea Bizwire) — South Korea on Tuesday recommended POSCO International Corp. exercise greater corporate social responsibility over its palm oil business in Indonesia following a complaint by civic groups about its alleged adverse impacts on the environment. The Korean National Contact Point (KNCP) for the Organization for Economic Cooperation and Development (OECD) [...]
SEOUL, Dec. 22 (Korea Bizwire) — POSCO International Corp., the trading arm of South Korean steel giant POSCO, is set to build a plant in Mexico for the production of traction motor cores in its bid to gain a larger share of the fast-growing North American market. The company held a board meeting on Wednesday [...]
SEOUL, Dec. 10 (Korea Bizwire) — POSCO International Corp., the trading arm of steel giant POSCO, said Friday it has acquired an Australian gas producer for 372 billion won (US$315 million). POSCO International took over a 50.1 percent stake in Senex Energy Ltd., with Australia’s local company Hancock Energy acquiring the remaining stake, the company [...]
SEOUL, Dec. 8 (Korea Bizwire) — POSCO International Corp., the trading arm of South Korean steel giant POSCO, said Wednesday it has set up a holding company in Singapore to further expand its palm oil business overseas. The holding firm, named AGPA, was established last month in the city state and process is under way [...]