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Foreign Investors Flee POSCO Holdings Amid Climate Concerns

Foreign Investors Flee POSCO Holdings Amid Climate Concerns

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 [...]

POSCO International to Up Overseas Traction Motor Core Output Capacity

POSCO International to Up Overseas Traction Motor Core Output Capacity

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 [...]

POSCO E&C Takes the Lead in Bee Conservation and Environmental Education

POSCO E&C Takes the Lead in Bee Conservation and Environmental Education

SEOUL, Dec. 18 (Korea Bizwire) – POSCO E&C is actively championing the significance of bees in safeguarding the global environment. In support of this cause, the company has crafted a series of animated videos addressing the critical issues of bee extinction and the severity of the garbage problem.  Titled “Green Earth Guard Eco-Ranger,” the animated series, [...]

POSCO to Build 100 Bln-won Industrial Gas Facility at Pohang Battery Complex

POSCO to Build 100 Bln-won Industrial Gas Facility at Pohang Battery Complex

SEOUL, Dec. 5 (Korea Bizwire) — South Korean steel company POSCO Holdings Inc. said Tuesday it plans to build an industrial gas production facility at a secondary battery complex in the country’s southeastern port city of Pohang. The company plans to invest 100 billion won (US$76.3 million) in the 16,500-square-meter facility, with an annual production [...]

POSCO International Expands into Ukraine’s Postwar Reconstruction with Modular Plant

POSCO International Expands into Ukraine’s Postwar Reconstruction with Modular Plant

SEOUL, Nov. 16 (Korea Bizwire) – POSCO International is venturing into Ukraine’s postwar reconstruction, commencing with the establishment of a modular plant.  The announcement came on Wednesday when CEO Jeong Tak signed a Memorandum of Understanding (MOU) with Governor Vitalii Kim of the Mykolaiv region for the construction of a modular building production facility. Modular construction [...]

POSCO Signs MOU for Extracting Lithium from Oil-field Brine in Canada

POSCO Signs MOU for Extracting Lithium from Oil-field Brine in Canada

SEOUL, Nov. 8 (Korea Bizwire) — POSCO Holdings Inc., South Korea’s top steelmaker, said Wednesday it signed a tentative agreement for a project involving lithium extraction from oil-field brine in Canada’s western province of Alberta. Under the memorandum of understanding with Invest Alberta Corporation (IAC) signed in Seoul, POSCO plans to pursue the project for [...]