SEOUL, Dec. 1 (Korea Bizwire) — POSCO, South Korea’s top steelmaker, is planning to transform into a holding company by splitting it into two business entities, industry sources said Wednesday. After the breakup, the steelmaking group’s holding company will be focused on charting out future business, research and development, and investment, according to the sources. [...]
POHANG, Nov. 26 (Korea Bizwire) — POSCO unveiled a plan to set up infrastructure for the supply of hydrogen in Pohang, North Gyeongsang Province where its steel mill is located, as well as to shift the transport of steel products from diesel trucks to hydrogen vehicles. The South Korean steel giant on Wednesday signed a [...]
SEOUL, Nov. 19 (Korea Bizwire) — South Korea’s corporate social responsibility (CSR) activities are expanding into protecting animal rights and revitalizing local economies. POSCO Engineering & Construction Co. is going to offer a helping hand to build a large cat shelter using a closed school in the island village in Tongyeong, a coastal city in [...]
POHANG, Nov. 19 (Korea Bizwire) — A colossal experiential art installation, titled ‘Space Walk’, reportedly the largest experiential artwork in the nation, debuted on Thursday at Cheering Park in Pohang, “City of Steel” in North Gyeongsang Province. The steel-based art sculpture — a curved track measuring 60 meters wide, 57 meters long and 25 meters [...]
SEOUL, Nov. 17 (Korea Bizwire) — South Korea’s top steelmaker POSCO has announced plans to build a new plant to produce advanced electrical steel for motors of eco-friendly vehicles. At a board meeting held last week, the company resolved to invest about 1 trillion won (US$845 million) to build an electrical steel plant with an [...]
SEOUL, Nov. 9 (Korea Bizwire) — POSCO O&M, a facility management unit of POSCO Engineering & Construction Co., said Monday that it had joined hands with local social venture firm Zainer to produce eco-knives by upcycling scrap metal. The eco-knife was unveiled on Wadiz, South Korea’s largest crowdfunding platform. The funding project will continue until [...]
SEOUL, Nov. 9 (Korea Bizwire) — South Korea’s top steelmaker POSCO said Tuesday it was named the world’s most competitive steelmaker in a global industry report for the 12th consecutive year. In an annual assessment of 35 steelmakers worldwide, global steel information service provider World Steel Dynamics (WSD) gave POSCO the top mark of 8.54 [...]
SEOUL, Nov. 2 (Korea Bizwire) – A rising number of big companies in South Korea are joining the trend of offering commutes to “hub offices” with the intention of improving working location flexibility down the road. POSCO Group announced it will operate hub offices (or base offices) in Yeouido and Euljiro, in downtown Seoul, from [...]
SEOUL, Oct. 25 (Korea Bizwire) — POSCO, the world’s fifth-largest steelmaker by output, said Monday its third-quarter net profit rose more than fourfold from a year earlier on robust demand amid the global economic recovery from the COVID-19 pandemic. Net profit reached 2.63 trillion won (US$2.24 billion) on a consolidated basis in the July-September period, [...]
POHANG, Oct. 21 (Korea Bizwire) — South Korea’s leading steelmaker POSCO has banned bicycle riding following an earlier prohibition of motorbike riding, after a number of workers died in motorbike and bicycle accidents occurring within the premises of its steel mills. It prohibited the operation of bicycles within the premises starting from Monday after banning [...]