Steelmaking Archives | Be Korea-savvy

Pohang Blast Furnace No. 1 Closes After 48 yrs

SEOUL, July 23 (Korea Bizwire) — South Korea’s oldest blast furnace, in operation for close to 50 years, will be closed. At the Q2 performance brief held on Tuesday, South Korean steelmaker POSCO announced its plan to shut down Pohang Blast Furnace No. 1 in Pohang, about 375 kilometers southeast of Seoul, next year. Pohang [...]

S. Korea to Accelerate Restructuring of Shaky Industries in 2017

SEJONG, Jan. 25 (Korea Bizwire) – South Korea will accelerate its corporate restructuring drive in shaky industries like shipbuilding and steelmaking in 2017 in a bid to gain a foothold for the future industrial revolution, the government said Wednesday. At a ministerial-level meeting in Seoul chaired by Finance Minister Yoo Il-ho, the government reviewed action [...]