Half a century ago, Korea was an impoverished postwar country with a gross domestic product per capita below $200.
Posco's shares declined almost 5 percent when it announced the formation of a holding company on Friday.
Workers at Hyundai Heavy Industries, Korea's top shipbuilder, stopped their weeklong walkout after a tentative deal was struck, the union said Wednesday.
SK Holdings will change its name to SK Inc. and shift its investment direction as it aims to reach a market cap of 140 trillion won ($123.6 billion) by 2025, the company said Monday.
Hyundai Heavy Industries Holdings (HHIH) said Tuesday a private placement for its wholly-owned ship repair unit has attracted 800 billion won ($720 million).
The government announced a legislative reform plan that will ease conditions that restrict the creation of corporate venture capital, which has not been possible under laws that prevent non-financial companies from owning financial companies