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POSCO (formerly Pohang Iron and Steel Company) is a South Korean steel manufacturer headquartered in Pohang, South Korea. It had an output of 42,000,000 metric tons (41,000,000 long tons; 46,000,000 short tons) of crude steel in 2015, making it the world's sixth-largest steelmaker by this measure . [ 2 ]
Japan's Nippon Steel said on Tuesday it would sell a total of 2.9 million shares in South Korea's Posco Holdings in an effort to "improve asset efficiency". The timing of the sale and its impact ...
POSCO International Corporation (Korean: 포스코인터내셔널 [5]) is South Korea's largest trading company [6] and a subsidiary of POSCO.. The company was founded by Kim Woo-choong in 1967 as Daewoo Industrial Co., Ltd, which ran its business in trading and construction.
POSCO India Private Limited (commonly POSCO India or Posco-India) is an Indian subsidiary of Korean conglomerate POSCO. Its parent company POSCO signed a memorandum of understanding in June 2005 with the state government of Odisha to construct a $12 billion steel plant . [ 1 ]
In May 2012, Nippon Steel filed a lawsuit against POSCO, a Korean steelmaker established in the 1960s with technical assistance from Nippon Steel, for illegally acquiring the technology for grain-oriented electrical steel sheets developed by Nippon Steel. It was alleged that POSCO hired ex-employees of Nippon Steel to obtain the technology.
The next major development in Pohang's growth came in 1968 with the inauguration of the steel maker POSCO, and the local plant's commencement of production in 1972. The introduction of heavy industry to the city brought the local economy to a blend of iron, steel, shipbuilding and fisheries through the end of the 20th century. [3]
POSTECH was established in 1986 in Pohang, Korea by POSCO, a steel company. [2]POSTECH hosted POSCO's Research Institute of Science and Technology (RIST) on campus. In 1994, POSTECH set up the Pohang Accelerator Laboratory (PAL), a 3rd-generation synchrotron light source and now a national facility.
When he was chief of Gwangyang steel mill, he succeed in domestically producing advanced automotive steel sheet which became a major profit center for POSCO. Advanced automotive steel to produce a stable operating state-of-the-art equipment and technology led to the development of a newly equipped Gwangyang steel and automobile production ...