steelmaker Archives | Be Korea-savvy

Steelmakers Vow to Work with Gov’t to Respond to U.S. Tariffs

SEOUL, March 7 (Korea Bizwire) — South Korean steel companies said Friday they will closely cooperate with the government and related agencies to minimize the impact of planned U.S. tariffs on all steel and aluminum imports from next week. U.S. President Donald Trump has announced a series of levies on some of his country’s trading [...]

Turning 50, POSCO Seeks to Diversify to Energy, Materials Businesses

SEOUL, Apr. 1 (Korea Bizwire) — POSCO said Sunday it will diversify its business portfolio to include infrastructure, biotechnology and new materials as South Korea’s No. 1 steelmaker marked the 50th anniversary of its foundation. Laying out its long-term vision, the company said it aims to increase its sales by twentyfold to 500 trillion won [...]