SEOUL, Oct. 22 (Korea Bizwire) — South Korean steelmaker POSCO has joined hands with KT Corp., a major telecommunications firm, to promote smart green cities. The two companies, together with Mystech Co., a local company that specializes in the production of street facilities such as street lamps, signed a business cooperation agreement on Wednesday. Under [...]
SEOUL, Oct. 4 (Korea Bizwire) — South Korean steelmakers are expected to have performed better in the third quarter despite the new coronavirus fears, moving on from a slump a quarter ago, analysts said on Sunday. The country’s major steelmakers are likely to have earned more in the July-September period, thanks to a rebound in [...]
SEOUL, Aug. 5 (Korea Bizwire) — POSCO, the world’s fifth-biggest steelmaker by output, and other local steel mills plan to cut their crude steel production due to a sharp decline in global steel demand over the coronavirus pandemic, company officials said Wednesday. Earlier this year, POSCO had planned to produce 36.7 million tons of crude [...]
SEOUL, July 23 (Korea Bizwire) — South Korea’s oldest blast furnace, in operation for close to 50 years, will be closed. At the Q2 performance brief held on Tuesday, South Korean steelmaker POSCO announced its plan to shut down Pohang Blast Furnace No. 1 in Pohang, about 375 kilometers southeast of Seoul, next year. Pohang [...]
SEOUL, July 21 (Korea Bizwire) — POSCO, South Korea’s top steelmaker, said Tuesday that its second-quarter earnings fell 84.6 percent from a year earlier due to slow demand amid the spreading novel coronavirus. Net profit reached 104.9 billion won (US$87.5 million) on a consolidated basis in the April-June period, compared with a profit of 681.4 [...]
SEOUL, July 9 (Korea Bizwire) – Wearable technology will be used to enhance workplace safety culture at POSCO, the South Korean steelmaking giant announced on Wednesday. POSCO distributed smartwatches to 1200 employees who face occupational hazards at the company’s Pohang and Gwangyang steel mills. The smartwatches will serve as a digital monitoring tool to detect [...]
SEOUL, July 6 (Korea Bizwire) — POSCO has introduced South Korea’s first ‘work-from-home policy for childcare without career interruption’ this month, raising the likelihood of a transformation in work culture across South Korean businesses. The steelmaker began receiving registrations for the work-from-home program from all employees with childcare needs. The program allows any employee with [...]
SEOUL, June 26 (Korea Bizwire) — POSCO, South Korea’s top steelmaker, has introduced a new remote working program that is committed to equal opportunity in promotions and wages between employees who work at home while taking care of children and those who work at the office. The company announced on Wednesday that it was launching [...]
SEJONG, June 17 (Korea Bizwire) — POSCO Energy Co., a unit of South Korea’s top steelmaker POSCO, is set to install solar-panel guardrails at a bridge on the Gyeongin Ara Waterway near Incheon, 40 kilometers west of Seoul, to deter suicide attempts. The company announced on Monday that it had signed a business agreement to [...]
SEOUL, May 29 (Korea Bizwire) — South Korea’s top steelmaker has created a 0.4ha marine afforestation in the offing sea of Ulleung Island in the East Sea. POSCO said Thursday it had installed 100 Triton artificial reefs and 750 Triton blocks made of steel slag, a by-product of steel making, off the coast of Ulleung [...]