STX Energy Archives | Be Korea-savvy

POSCO Energy Cements Its No. 1 Position by Acquiring Tongyang Power

SEOUL, June 24, 2014 (Korea Bizwire) – As POSCO Group acquires Tongyang Power, the company holding the license to build a thermal power plant in Samcheok, Gangwon Province, its energy unit POSCO Energy will be able to earn a stable stream of income from the power generation business. According to industry sources on June 20, the [...]

Energy Companies Compete Hard to Get Bigger by Buying up Assets

SEOUL, June 9 (Korea Bizwire) – A competition to get bigger by gobbling up rivals in the energy industry is getting fiercer. As GS Group has closely caught up with the industry leader POSCO Energy by acquiring STX Energy, POSCO Energy responded by betting big on trying to take over Tongyang Power. The power generation business, [...]