SEOUL, Oct. 10 (Korea Bizwire) — South Korean steel giant POSCO Holdings Inc. said Tuesday it has received 85 billion won (US$63.2 million) in third-quarter dividends from an Australian iron ore company. The receipt follows a recent decision by the board of Australia’s Roy Hill Holdings to pay AU$800 million (US$514 million) in total third-quarter [...]
POSCO is connecting with younger audiences by creating unique content, “Fantasteel – The Beginning of the New Iron Age,” in partnership with Nexon’s online game “Wars of Pracia”. SEOUL, Oct. 9 (Korea Bizwire) – Businesses in the so-called ‘junghujangdae’ industries, unfamiliar to the general public, are striving to craft a friendly image by creating compelling [...]
SEOUL, Sept. 26 (Korea Bizwire) — POSCO International Corp. said Tuesday it has signed a preliminary agreement with a U.S. grain company to push for a joint venture and other related investment in the grain supply. The joint venture framework agreement, signed with Bartlett and Company, commit the two companies to establishing a joint venture [...]
SEOUL, Sept. 5 (Korea Bizwire) — South Korean steelmaker POSCO is currently facing its first labor strike crisis since its foundation. The labor union at POSCO, which is affiliated with the Korean Metal Workers’ Union under the Federation of Korean Trade Unions umbrella, will hold an inaugural ceremony for its Dispute Countermeasures Committee at the [...]
SEOUL, Aug. 24 (Korea Bizwire) — South Korean builder POSCO E&C Co. said Thursday it has signed an initial agreement with Norway’s state energy firm Equinor on cooperation in a massive floating wind farm project off the southeastern port of Ulsan. The memorandum of understanding (MOU) calls for bilateral collaboration in the construction and development [...]
SEOUL, July 24 (Korea Bizwire) — South Korea’s top steelmaker POSCO Holdings Inc. said Monday its second-quarter earnings tumbled nearly 56 percent on-year amid sluggish sales. Consolidated net profit came to 800 billion won (US$621.4 million) in the April-June period, down 55.6 percent from a year earlier, the company said in a regulatory filing. Sales [...]
SEOUL, July 18 (Korea Bizwire) — POSCO Holdings Inc. on Tuesday reported that its second-quarter operating profit had narrowly exceeded expectations due to “normalized” sales and higher product prices. Its consolidated operating income came to 1.3 trillion won (US$1 billion) for the April-June period, down 38.1 percent from a year earlier, South Korea’s top steelmaker [...]
SEOUL, July 13 (Korea Bizwire) — South Korea’s steelmaking giant POSCO Holdings Inc. said Thursday it is aiming to achieve combined sales of 100 trillion won (US$78.4 billion) by boosting the competitiveness of its core steel business and focusing on future growth sectors. Unveiling its long-term growth vision at its headquarters in the southeastern port [...]
SEOUL, July 11 (Korea Bizwire) — South Korea’s steelmaking giant POSCO Holdings Inc. said Tuesday it will sharply expand its production of key rechargeable battery materials over the next seven years to generate more than 60 trillion won (US$46.4 billion) in sales from the sector. POSCO Holdings said it is aiming to generate 62 trillion [...]
SEOUL, July 9 (Korea Bizwire) — POSCO Holdings Inc., South Korea’s leading steelmaker, said Sunday it has built a secondary battery recycling plant in the southwestern city of Suncheon as part of its push to expand its battery materials business. The plant will be operated by POSCO HY Clean Metal — the joint venture between [...]