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 [...]
SEOUL, April 26 (Korea Bizwire) — POSCO, the world’s fifth-largest steelmaker by output, said Monday that its first-quarter net profit soared 162 percent from a year earlier on robust demand amid the global economic recovery from the COVID-19 pandemic. Net profit for the three months that ended in March soared to 1.13 trillion won (US$1.02 [...]
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 [...]
SEOUL, April 22 (Korea Bizwire) — South Korea’s steel giant POSCO said Wednesday that it had developed a Smart Safety Ball, a smart device designed to prevent accidents in enclosed workplaces, for the first time in the world. The device enables users to sense in advance whether harmful gases exist in enclosed spaces. Before work [...]
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) [...]
SEOUL, April 14 (Korea Bizwire) — POSCO, the world’s fifth-largest steelmaker by output, said Wednesday it will build a plant in South Korea to extract lithium hydroxide, a key material for electric vehicle (EV) batteries. POSCO said its board of directors approved the plan last week to build a plant in the southern industrial city [...]
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 [...]
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 [...]
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 [...]
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 [...]