SEOUL, April 12 (Korea Bizwire) — POSCO Holdings Inc., South Korea’s top steelmaker, said Wednesday it has signed a memorandum of understanding with Japanese carmaker Honda Motor Co. to cooperate in the electric vehicle (EV) battery materials business. Under the initial deal, the two agreed to explore technical exchanges on key battery materials, such as [...]
SEOUL, March 30 (Korea Bizwire) — POSCO DX Co., a unit of South Korea’s leading steelmaker POSCO, said Wednesday it would develop a roadkill prevention system for wild animals that incorporates artificial intelligence (AI) technology in tandem with the Korea National Park Service. The company, formerly POSCO ICT Co., will set up LiDAR sensors around [...]
SEOUL, March 24 (Korea Bizwire) — South Korean steelmaker POSCO is taking proactive measures to improve the food served at company cafeterias to promote the well-being of its employees. Since January, the company’s steel plant in the southeastern city of Pohang has been holding a weekly event at the cafeteria in which it introduces a [...]
POHANG, March 20 (Korea Bizwire) – South Korean steelmaker POSCO is offering special hiring benefits to service members from the Marine Corps who joined the relief efforts when super Typhoon Hinnamnor hit the country. The company decided to exempt service members recommended by the commander of the 1st Marine Division, stationed the southeastern city of [...]
SEOUL, March 17 (Korea Bizwire) — Shareholders of POSCO Holdings Inc. approved a proposal Friday to relocate the headquarters of the country’s top steelmaker. Last month, the company’s board of directors proposed the relocation of its headquarters to Pohang, 272 kilometers southeast of Seoul. In 2022, the steelmaker transformed into a holding company, and faced [...]
SEOUL, March 15 (Korea Bizwire) — POSCO Holdings Inc., the country’s leading steelmaker, said Wednesday it has decided to donate 4 billion won (US$3.1 million) to support a plan floated by the South Korean government to compensate the victims of forced labor under Japan’s 1910-1945 occupation. In 2012, POSCO promised to donate 10 billion won [...]
SEOUL, Feb. 24 (Korea Bizwire) — POSCO Holdings Inc., South Korea’s top steelmaker, said Friday it has signed a preliminary deal with a Chinese firm for the production of nickel in Indonesia. Under the deal with Chinese resource trading and mining firm Ningbo Liqin, POSCO will build a plant to produce 120,000 tons of mixed [...]
SEOUL, Feb. 14 (Korea Bizwire) — POSCO Holdings Inc., South Korea’s top steelmaker, said Tuesday it has signed a memorandum of understanding with an Australian firm to look into a lithium project in the United States. Under the non-binding pact, POSCO and Jindalee will launch joint research on Jindalee’s wholly owned McDermitt lithium project in [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korea’s top steelmaker, POSCO, has fully restored its facilities damaged by a September typhoon and its production was put back on track, the steelmaker said Friday. The superstrong Typhoon Hinnamnor pounded POSCO’s steel mill in Pohang, 372 kilometers southeast of Seoul, leading to the suspension of its major [...]
SEOUL, Jan. 10 (Korea Bizwire) — POSCO, South Korea’s top steelmaker, said Tuesday it has raised US$2 billion by selling debts overseas, its largest-ever overseas debt sale. The three-tranche debt comprises three-year bonds worth $700 million, five-year bonds worth $1 billion and 10-year debts valued at $300 million, according to the steelmaker. POSCO’s bond sale [...]