Posco Group affiliates vow to raise order bids to 75%
Executives of the group’s major affiliates in the procurement division and nearly 100 CEOs of supplier companies held a signing event and discussed future collaborative projects at the group’s headquarters in southern Seoul. The Korean Fair Trade Commission Chairman Jeong Jae-chan also attended. Posco Group also plans to gather a 423 billion won fund to offer lending to its suppliers at an interest rate at least 1 percent cheaper than the market average.
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