The government recently unveiled a plan to build the world’s largest offshore wind power farm in Sinan, South Jeolla, by 2030. The investment will be worth 48 trillion won ($43.3 billion), which takes up about a third of the total funding for the...
Korean steelmakers have launched talks with shipbuilders over prices of thick steel plates, which are mainly used for shipbuilding, people familiar with the matter said Saturday.
The World Trade Organization (WTO) ruled in favor of Korea in a dispute against the United States' high tariffs on Seoul's steel and transformers.
The third chairman in the steel company’s 52-year history, Chung is credited with leading the construction of Posco production facilities in Korea, which were also the first steel factories in the country.
Posco apologized Wednesday a day after after three people were killed in an explosion at a plant in Gwangyang, South Jeolla.
Posco CEO Choi Jeong-woo expressed his desire to remain in his position for another term.
Production of crude steel in Korea is projected to fall below 70 million tons this year for the first time in four years.
Some Korean businesses are hopeful that a Joe Biden administration will boost their prospects, given the president-elect’s aggressive environmental policies. Others are worried about the very same green initiatives that have been proposed.
Posco CEO Choi Jeong-woo on Tuesday stressed the need for the steel industry to actively transform in line with shifting automobile trends.
Hyundai Steel reported a net loss in the third quarter on falling revenue, through it is predicting a return to profit in the final quarter.