POHANG, South Korea, April 18 (Korea Bizwire) – POSCO is investing an additional 50 billion won ($44.1 million) to reduce its greenhouse gas emissions. According to local sources on Monday, the South Korean steel giant plans to boost its environmental measures, including reducing emissions of toxic chemicals and improving maintenance of emissions facilities, by establishing [...]
HANOI, Apr. 3 (Korea Bizwire) — Vietnam’s decision to slap anti-dumping duties on galvanized steel products from South Korea could hurt efforts to expand market presence in the key Southeast Asian country, industry sources in Hanoi said Sunday. According to the Korea Trade-Investment Promotion Agency (KOTRA), Vietnam will be levying stiff import duties on South Korean [...]
WASHINGTON, Mar. 31 (Korea Bizwire) — The U.S. Department of Commerce decided Thursday to impose an 11.7 percent duty on carbon and alloy steel plate imports from South Korea’s steel giant POSCO. The penalty is slightly higher than the department’s preliminary decision made in November to impose a 7.46 percent duty on POSCO products, but [...]
SEOUL, March 29 (Korea Bizwire) – South Korean steelmaker POSCO is introducing new comprehensive birth encouragement policies that will help pregnant employees from pregnancy through to child care. The company’s labor union said yesterday that pregnant employees will receive support through all stages of pregnancy, from childbirth to babysitting, allowing employees to have a healthy [...]
DANBURY, Conn., Mar. 21 (Korea Bizwire) — FuelCell Energy, Inc. (Nasdaq:FCEL), a global leader in delivering clean, innovative and affordable fuel cell solutions for the supply, recovery and storage of energy, today announced a memorandum of understanding with partner POSCO Energy to use an existing FuelCell Energy subsidiary to directly develop the Asian fuel cell [...]
SEOUL, Feb. 20 (Korea Bizwire) – Global steelmaker POSCO said Monday that its output of advanced electrical steel for motors will double following the construction of its new facility. The company said its capacity for hyper non-oriented electrical steel has come to 160,000 tons per year following the construction of its latest production facility in [...]
SEOUL, Feb. 10 (Korea Bizwire) – Reading the morning paper on the bus or subway may soon become a thing of the past. A study by the Korea Information Strategy Development Institute revealed that 86.3 percent of the survey participants used cell phones on public transportation as their favorite go-to medium for killing time – which [...]
POHANG, South Korea, Jan. 10 (Korea Bizwire) – POSCO’s Pohang 1-Goro, or Pohang Blast Furnace No.1, began operations in June 1973. It is symbolic of the history of Korea’s steel production, which became the nation’s key industrial asset, and the unparalleled economic development over the past half-decade. It is currently the longest-operating blast furnace in [...]
SEOUL, Dec. 16 (Korea Bizwire) – POSCO Co., South Korea’s leading steelmaker, and local rivals are moving to raise steel prices in tandem with a rise in the prices of raw materials, industry sources said Friday. According to the sources, POSCO plans to raise hot-rolled steel plates by 120,000 won (US$102) per ton next month, [...]
SEOUL, Dec. 7 (Korea Bizwire) – Samsung vice chairman Lee Jae-yong’s reluctant promise during Tuesday’s parliamentary hearing over the Choi Soon-sil scandal to disband the group’s Future Strategy Office – the key department responsible for the group’s decision-making process for all Samsung affiliates – has raised questions as to how other Korean conglomerate groups’ so-called [...]