South Korea’s Hyundai Motor Co. and steel giant POSCO have agreed to jointly develop technology that uses hydrogen instead of coking coal to produce steel as the companies strive to achieve carbon neutrality.The agreement is part of a deal Hyundai and POSCO reached last week to cooperate
HMM Algeciras is the world's largest container ship with a capacity of 24,000 TEU. South Korea's state-run bank is considering selling HMM Co., the country's largest container line, to steelmaker POSCO as the shipping industry experiences its biggest boom in a decade, making it an opportune tim
Hot-rolled steel plates produced at the Pohang steel mill (Courtesy of POSCO Newsroom) South Korea's largest steelmaker POSCO may see its operating profit climb to the 1 trillion won ($906 million) range as domestic steel companies expect to benefit from rising steel product prices driven by
POSCO Chem researcher runs quality test on battery cell (Courtesy of POSCO Chem) South Korea-based POSCO Chemical Co. has begun preparations for its rights offering, to the delight of shareholders as the company’s share price has been on a solid uptrend backed by the thriving secondary ba
Electric car batteries are often dubbed as "another semiconductor" in South Korea, a reference to the importance of semiconductor chips, key drivers in the country’s economic growth for decades.With competition heating up in the global race for eco-friendly vehicles, Korea’s thre
POSCO, the world’s fifth-largest steelmaker, has swung to an operating profit in the third quarter from the second quarter, when it reported its first-ever loss due to the fallout from the COVID-19 pandemic.The South Korean steelmaker reported in an Oct. 23 regulatory filing that it posted 261