Smart factories drive Korea SMEs to reshore overseas plants

Smart factories drive Korea SMEs to reshore overseas plants

South Korea’s small and medium-sized enterprises adopted smart factories for survival as the digitalized facilities improve productivity and q...

POSCO launches holding firm to develop non-steel biz

POSCO launches holding firm to develop non-steel biz

POSCO, the world’s sixth-largest steelmaker, on Wednesday launched a holding company to develop the group into an eco-friendly future material...

US Novelis to build $53 mn aluminum recycle center in Korea

US Novelis to build $53 mn aluminum recycle center in Korea

Novelis Inc., the world’s top aluminum recycler, is set to invest $53 million in another recycling and casting center in South Korea to meet t...

Hyundai Steel supplies high-strength steel for Genesis G80 EV, G90

Hyundai Steel supplies high-strength steel for Genesis G80 EV, G90

Hyundai Steel Co. is supplying its newly developed ultra-high-strength steel sheets for car bodies to Hyundai Motor Co. for its electric vehicles an...

Korean Dongkuk Steel profits surge as Brazil CSP turns profitable

Korean Dongkuk Steel profits surge as Brazil CSP turns profitable

Dongkuk Steel Mill Co., the world’s leading manufacturer of color-coated steel, reported the largest operating profit in 13 years on strong de...

Hyundai Heavy's KSOE posts $1.1 bn loss in 2021

Hyundai Heavy's KSOE posts $1.1 bn loss in 2021

Korea Shipbuilding & Offshore Engineering Co. (KSOE), under Hyundai Heavy Industries Group, on Monday reported a bigger-than-expected operating ...

Doosan to build Saudi Arabia's largest steel casting plant

Doosan to build Saudi Arabia's largest steel casting plant

Doosan Heavy Industries and Construction Co., South Korea's power plant components supplier, signed a preliminary agreement on Wednesday to build Sa...

POSCO to revive India steel mill construction plan

POSCO to revive India steel mill construction plan

POSCO Co. plans to build a steel mill jointly with India's Adani Group in western India, the South Korean steelmaker said on Thursday, after its pre...

POSCO logs record profit on steel supercycle in 2021

POSCO logs record profit on steel supercycle in 2021

POSCO Co., the world’s sixth-largest steelmaker, reported record earnings in 2021, adding to the bullish outlook, as China sustained a policy ...

Hylium, KRISO, POSCO receive initial approval for liquid hydrogen storage tanks

Hylium, KRISO, POSCO receive initial approval for liquid hydrogen storage tanks

Hylium Industries Inc. announced Wednesday that it has been granted an approval in principle (AIP) by the Korean Register for two types of jointly d...

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...

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...

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 November exports top $60 bn for first time to fresh high

Korea’s November exports top $60 bn for first time to fresh high

South Korea’s exports in November exceeded $60 billion for the first time in terms of monthly shipments to an all-time high, although caution ...

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...

Dongkuk eyes $1.7 billion sales from color steel business in 2030

Dongkuk eyes $1.7 billion sales from color steel business in 2030

Dongkuk Steel Mill Co., South Korea’s third-largest steelmaker, said on Monday that it aims to grow its color coated steel business to 2 trill...

Steel scrap in high demand in steelmakers' push to cut emissions

Steel scrap in high demand in steelmakers' push to cut emissions

Steel scrap, once derided as trash, is emerging as a national strategic resource as steelmakers are increasingly recycling metal scrap to reduce rel...

SeAH set for record earnings on steel supercycle, offshore wind projects

SeAH set for record earnings on steel supercycle, offshore wind projects

SeAH Group, a South Korean mid-size special steel conglomerate, is set to post record earnings this year on the back of the global steel supercycle ...

POSCO emerges from pandemic blues with record third-quarter profit

POSCO emerges from pandemic blues with record third-quarter profit

South Korea’s largest steelmaker POSCO is returning even stronger from the pandemic-caused economic slowdown, with an all-time high quarterly ...

POSCO to transfer hydrogen steel tech to industry peers for shared growth

POSCO to transfer hydrogen steel tech to industry peers for shared growth

The Hydrogen Iron & Steel Making (HyIS) Forum led by the steelmaker POSCO officially opened Oct. 6 in Seoul with more than 1,200 industry partic...

POSCO breaks ground on $101 million battery recycling plant

POSCO breaks ground on $101 million battery recycling plant

South Korea’s top steelmaker POSCO on Thursday broke ground on its 120 billion won ($101 million) plant to extract nickel, lithium and cobalt,...

Dongkuk Steel adds another production line of color coated steel

Dongkuk Steel adds another production line of color coated steel

Dongkuk Steel Mill Co., the world’s leading manufacturer of color coated steel, has expanded its production capacity even further. The company...

Hyundai Steel, Samsung develop tech to recycle chip waste for steelmaking

Hyundai Steel, Samsung develop tech to recycle chip waste for steelmaking

Hyundai Steel Co. and Samsung Electronics Co. said on Monday they have developed technology that can recycle the chipmaker’s wastewater sludge...

Carbon neutrality reshapes global commodity markets

Carbon neutrality reshapes global commodity markets

Global moves for carbon neutrality are reshaping commodity markets around the world. Iron ore prices have tumbled, while steel scrap prices have soa...

Steel stocks rally on iron ore price falls, Q3 outlook

Steel stocks rally on iron ore price falls, Q3 outlook

Shares in South Korean steelmakers rose sharply in active trade on Tuesday, on the prospect that the declining iron ore price and Chinese rivals' ou...

Korean shipbuilders find relief in falling iron ore prices, rise in new orders

Korean shipbuilders find relief in falling iron ore prices, rise in new orders

South Korea’s major shipbuilders expect to post improved earnings in coming quarters as falling iron ore prices put them in a stronger positio...

Passing China, S.Korean shipbuilders hold top spot for three months

Passing China, S.Korean shipbuilders hold top spot for three months

South Korea’s shipbuilding industry has maintained the top position worldwide in new orders for three straight months up to July.According to ...

POSCO to build $200 mn nickel refining plant to ramp up battery materials

POSCO to build $200 mn nickel refining plant to ramp up battery materials

POSCO, the world’s fifth-largest steelmaker by output, said on Wednesday it is spending 230 billion won ($200 million) to build a nickel sulfa...

Hanwha Systems to compete with LIG Nex1 for Korean version of Iron Dome NH, KB Securities, Kookmin Bank, Kim & Chang lead capital markets in H1 From G-Dragon to Ibuki: Dongmyo emerges as global fashion hotspot Hyundai helps Korean economy most with $265 bn contribution South Korea issues €1.4 billion in largest-ever euro bond sale