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 [...]
SEOUL, Dec. 29 (Korea Bizwire) — South Korea’s top steelmaker, POSCO, has restored most of its facilities damaged by a September typhoon and normalized production, the industry ministry said Thursday. The superstrong Typhoon Hinnamnor pounded POSCO’s steel mill in Pohang, 272 kilometers southeast of Seoul, leading to the suspension of its major facilities. All three [...]
SEOUL, Dec. 18 (Korea Bizwire) — South Korean steelmaker POSCO said Sunday it has resumed operations at a key steel plant after a three-month-long suspension due to a typhoon. On Thursday, POSCO restarted the No. 2 hot-rolled steel production plant in Pohang, 374 kilometers southeast of Seoul, bringing the number of normalized plants to 13 [...]
SEOUL, Dec. 14 (Korea Bizwire) – South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Wednesday it has signed a business partnership agreement with top local steelmaker POSCO on the development of new shipbuilding materials. The deal calls for joint efforts to develop new shipbuilding materials and welding technologies that will be applied [...]