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 [...]
SEOUL, Oct. 13 (Korea Bizwire) — POSCO, the world’s fifth-largest steelmaker by output, said Wednesday its third-quarter operating income more than quadrupled to a record high on robust demand amid the global economic recovery from the COVID-19 pandemic. Operating income for the three months that ended in September reached 3.11 trillion won (US$2.6 billion) on [...]
SEOUL, Sept. 30 (Korea Bizwire) — POSCO, the world’s fifth-largest steelmaker by output, said Thursday it has broken ground on a 120 billion won (US$101 million) plant that will extract nickel and lithium, key materials for electric vehicle batteries. The plant by POSCO HY Clean Metal is capable of extracting nickel, lithium and cobalt from [...]
SEOUL, Aug. 31 (Korea Bizwire) — POSCO, the world’s fifth-largest steelmaker by output, said Tuesday it has signed an initial agreement with Array Technologies Inc. to provide a corrosion resistant product to the U.S. manufacturer of ground-mounting systems used in solar energy projects. Under the memorandum of understanding inked virtually, POSCO will begin providing 200,000 [...]