A group of big Korean business groups are banding together to promote the transition to hydrogen-based energy, pledging a combined 43 trillion won ($36.9 billion) of investment to make it happen.
Posco Chairman Choi Jeong-woo, left, and GS Group Chairman Heo Tae-soo meet at GS Tower in Gangnam, southern Seoul, on Tuesday.
Posco’s plan to achieve carbon neutrality by 2050 is noteworthy as a positive example in the worldwide steel industry, a group of global institutional investors said.Climate Action 100+ and Institutional Investors Group on...
SK Telecom and Posco signed a business agreement on Friday that will allow the two companies’ workplaces to be safer through the use of automated machines and artificial intelligence (AI) programming, the two companies said on Sunday. According ...
Posco concluded negotiations over steel plate prices with major shipbuilders earlier this week, according to local media reports, and agreed on a price of around 1.1 million won ($950) per ton, a jump of almost 60 percent.
Posco has partnered with Korea Hydro & Nuclear Power (KHNP) for the generation of electricity from hydrogen.
Posco reported 1.81 trillion won ($1.6 billion) in consolidated net profit in the second quarter, up more than 1,700 percent on year.
Posco reported operating profit of 2.2 trillion won ($1.9 billion) for the second quarter, a 1,212 percent increase on year. This was Posco’s best performance since 2010 in terms of consolidated operating profit.
Posco Chemical will invest 600 billion won ($522.9 million) in a cathode plant in Pohang with an annual capacity of 60,000 tons. Construction will start next year on the 120,000-square-meter plot. Completion is aimed for 2025.
Posco has successfully wrapped up its 2021 Global Good Citizen Week, the company said Launched in 2010, Posco Global Good Citizen...