POSCO breaks ground on China automotive steel plant with HBIS

POSCO breaks ground on China automotive steel plant with HBIS

China’s HBIS Group Co., the world’s third-largest steelmaker, and South Korea’s POSCO Co., the No. 6 player, broke ground on an au...

Hyundai Motor to set up metaverse factory with Unity

Hyundai Motor to set up metaverse factory with Unity

Hyundai Motor Co., South Korea’s top automaker, is set to establish a digital virtual factory in a metaverse space with Unity, a US-based real...

POSCO plans to cancel treasury shares in its holding firm

POSCO plans to cancel treasury shares in its holding firm

Top management of South Korea's POSCO Co. has decided to cancel treasury shares in its to-be-launched holding company, in an effort to win sharehold...

Korea’s CHA Biotech to triple US CDMO capacity

Korea’s CHA Biotech to triple US CDMO capacity

CHA Biotech, South Korea’s stem cell therapeutics developer, is set to expand its biomaterials contract development and manufacturing organiza...

Korea to join Egypt’s 1st nuclear power plant project

Korea to join Egypt’s 1st nuclear power plant project

South Korea is set to participate in Egypt’s first nuclear power plant project built by Russia as a state-run Korea Hydro & Nuclear Power ...

Korea 2021 steel output set to top 70 mn tons on supercycle

Korea 2021 steel output set to top 70 mn tons on supercycle

South Korea’s steel output last year was estimated to have topped 70 million tons as the industry enjoyed a steel supercycle for the first tim...

POSCO mothballs Korea’s oldest blast furnace for carbon neutrality

POSCO mothballs Korea’s oldest blast furnace for carbon neutrality

Park Tae-joon, the late honorary chairman of POSCO Co., and other key founding members of the global steel giant celebrated on June 9, 1973, when So...

POSCO puts stability above reform in management overhaul

POSCO puts stability above reform in management overhaul

South Korea’s steel giant POSCO has chosen stability over reform in its latest management overhaul, retaining most chief executives at group a...

Hyundai Oilbank to build LNG-hydrogen power plant for $335 mn

Hyundai Oilbank to build LNG-hydrogen power plant for $335 mn

South Korean refiner Hyundai Oilbank Co. plans to build an eco-friendly power plant fueled with liquefied natural gas (LNG) and blue hydrogen to mee...

POSCO to build mini mills for carbon neutrality

POSCO to build mini mills for carbon neutrality

POSCO Co., the world’s No. 5 steelmaker, plans to build mini mills, electric arc furnaces for hot rolled steel, in South Korea as part of it...

Korean steel mills rush to secure metal scrap from abroad

Korean steel mills rush to secure metal scrap from abroad

South Korean steelmakers, led by POSCO Co., are rolling up their sleeves to secure metal scrap as they are shifting into less carbon-intensive steel...

Korea’s DL Energy to expand US power plant business

Korea’s DL Energy to expand US power plant business

South Korea’s DL Energy is set to expand its power plant business in the US.DL Energy, formerly known as Daelim Energy, said on Dec. 17 that i...

POSCO to spend $830 mn to build lithium plant in Argentina

POSCO to spend $830 mn to build lithium plant in Argentina

South Korea's POSCO Group has earmarked $830 million for spending on a new plant in Argentina to extract lithium hydroxide, a material for electric ...

LG Energy to adopt Siemens' digital factory technology

LG Energy to adopt Siemens' digital factory technology

South Korea's LG Energy Solution Ltd. plans to adopt Siemens AG's smart factory technology to accelerate the digitization of its battery manufacturi...

POSCO CEO says split-off units will never be listed

POSCO CEO says split-off units will never be listed

POSCO Group Chairman and Chief Executive Choi Jeong-woo on Monday reaffirmed the group's determination not to list on the stock market the steelmaki...

POSCO approves holding company plan for eco-friendly business

POSCO approves holding company plan for eco-friendly business

South Korea’s POSCO Co. is set to split off the company to launch an investment holding firm, 21 years after its privatization. The move aims ...

Korea's EcoPro BM to build first overseas plant in Hungary

Korea's EcoPro BM to build first overseas plant in Hungary

EcoPro BM Co., South Korea’s top cathode materials producer, has decided to set up its first overseas plant in Hungary.EcoPro BM on Dec. 9 ann...

POSCO International signs parts supply deal with US EV startup Rivian

POSCO International signs parts supply deal with US EV startup Rivian

POSCO International Corp., the trading unit of South Korea’s steel giant POSCO, said on Thursday it has signed a $6 million contract to supply...

POSCO Chemical, GM to launch new battery material JV in US

POSCO Chemical, GM to launch new battery material JV in US

South Korea’s POSCO Chemical Co. said on Thursday it is forming a new joint venture with US top automaker General Motors Co. to produce cathod...

POSCO mulls holding company structure to raise enterprise value

POSCO mulls holding company structure to raise enterprise value

South Korea's largest steelmaker POSCO is considering splitting up the company to launch an investment holding firm as part of efforts to enhan...

S.Korea to build solar power plants in Chile for $130 mn

S.Korea to build solar power plants in Chile for $130 mn

South Korea is planning to build solar photovoltaic power plants in Chile, investing $130 million, in a move to help local companies expand their re...

SK On seeks $2.5 bn in new funding for battery plants

SK On seeks $2.5 bn in new funding for battery plants

SK On Co., one of South Korea's top three rechargeable battery makers, plans to raise around 3 trillion won ($2.5 billion) in a pre-IPO share sale n...

Samsung’s $17 billion new chip plant in Taylor aims to rein in TSMC

Samsung’s $17 billion new chip plant in Taylor aims to rein in TSMC

Samsung Electronics Co. has officially announced its plan to build a $17 billion chipmaking plant in Taylor, Texas, as the tech giant aims to overta...

Korea's SK, LX, Daesang to invest $151 mn in eco-friendly plastics

Korea's SK, LX, Daesang to invest $151 mn in eco-friendly plastics

South Korea’s conglomerates SK, LX and Daesang have joined hands on the eco-friendly plastics business, utilizing their respective strengths i...

Robots, AI replace human workers at Kia’s EV6 manufacturing factory

Robots, AI replace human workers at Kia’s EV6 manufacturing factory

Kia Corp., South Korea’s second-largest automaker, has unveiled the automated manufacturing process at its smart factory for the EV6, its firs...

Korea’s SKC to build $761 mn copper foil plant in Poland

Korea’s SKC to build $761 mn copper foil plant in Poland

South Korea’s SKC Co. decided to build a copper foil factory for $761 million in Poland, its first European plant to produce the core electric...

POSCO to quadruple steel sheet production for eco-friendly cars

POSCO to quadruple steel sheet production for eco-friendly cars

South Korean steelmaking giant POSCO Co. is slated to quadruple its production of non-grain-oriented electrical steel sheet, a key material in the...

POSCO Chem's rise from brickworks to EV materials leader

POSCO Chem's rise from brickworks to EV materials leader

POHANG, South Korea - When POSCO Chemical Co., better known as a refractory brick manufacturer until the early 1990s, announced its entry into the a...

Pulmuone to expand alternative meat business in the US

Pulmuone to expand alternative meat business in the US

South Korea’s major food company Pulmuone. Co. is slated to expand sales of its in-house developed meat alternatives in the US market. The foo...

Sartorius to invest $300 mn in bio material, equipment plant in Korea

Sartorius to invest $300 mn in bio material, equipment plant in Korea

Sartorius AG, German laboratory equipment and raw material maker, is slated to invest $300 million in the next three years to build a plant in South...

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