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• Posco Chemical partners with Britishvolt for battery development, supply

  Posco Chemical, a chemical materials provider under South Korean steel giant Posco, has joined hands with UK’s sustainable, low-carbon battery company Britishvolt to co-develop battery materials and expand presence in the European market, according to the firm on Thursday. Under the partnership, the two firms will work on developing battery materials for Britishvolt’s EV batteries and push ahead...

• Posco opens sample house for Geochang project

  Posco Engineering & Construction, a construction unit under steel giant Posco, opened a second sample house of The Sharp Geochang Porsiel as it prepares to start its official sale, the company said Friday. The second Sharp Geochang Porsiel complex comprises six 20-story buildings, and a total of 443 households. Interior designs and sizes vary from medium-sized flats to penthouses, the company sa...

• [Best Brand] Samsung C&T enters SMR, eco-friendly energy biz

  ...n its experience in building combined cycle power plants and liquefied natural gas storage tanks. It will also utilize its design technology and network of key clients. In January, Samsung C&T and Posco signed an agreement with Saudi Arabia’s sovereign wealth fund on green hydrogen production. In February, Samsung C&T and five other Korean companies including Posco, GS Energy and Korea National Oil Corp. inked a deal to jointly promote clean energy businesses, starting with the construction of a clean energy storage and supply facility in the East Sea area. ...

• Posco apologizes for sexual violence in workplace

  South Korean steelmaker Posco apologized Thursday for a recent case of sexual violence that occurred within the workplace. “We sincerely apologize to the victim and her family for the recent unsavory sexual violations in the company, and the company feels deeply responsible,” Posco Vice Chairman Kim Hak-dong said in a written statement. According to police in Pohang, North Gyeongsang Province, ...

• Posco hosts companywide community service event

  Posco said Thursday that it kicked off its annual community service event, “Global Model Citizen Week,” on June 14. The 12-day event will have 63,000 Posco employees worldwide participating. It cons...ity, said Posco. Meanwhile, Posco‘s group companies also participated in the event. Employees of Posco Holdings carried out environmental projects to remove invasive plant species, while Posco Intern...

• Posco, Brazil’s Vale donate $100,000 to Korea Food for the Hungry International

  Posco said Wednesday that it has teamed up with Brazil’s largest raw material supplier, Vale, to donate $100,000 to Korea Food for the Hungry International, an international relief program, as part o... an NGO, have teamed up with the same goal; helping young students to achieve their dreams,” said Posco’s head of raw materials business Shin Soo-cheol. Posco’s GEM fund started in 2019 to achieve so...

• Seoul stocks snap 7-day losing streak on eased Fed policy uncertainty

  ...won. Chemical giant LG Chem jumped 4.1 percent to 584,000 won, and Samsung SDI surged 3.98 percent to 549,000 won. Samsung Biologics also climbed 2.15 percent to 807,000 won, and major steelmaker POSCO advanced 2.29 percent to 267,500 won. But No. 2 chipmaker SK hynix shed 0.51 percent to 97,400 won. Carmakers also lost ground on profit-taking, with Hyundai Motor falling 0.57 percent to 173,00...

• Posco International expands eco-friendly energy business in Australia

  Posco International, the trading arm of Posco Group, is seeking to triple sales at two of its gas fields in Australia by 2025 by leveraging its recently acquired Australian energy company Senex Energy, the Korean firm said Thursday. Posco International CEO Joo Si-bo visited the Senex Energy headquarters on Tuesday and Wednesday to look around the natural gas plants and meet with employees there,...

• Seoul stocks dive to fresh 19-month low amid woes over Fed's rate decision

  ...2 chipmaker SK hynix lost 1.21 percent to 97,900 won. Major battery maker LG Energy Solution tumbled 1.52 percent to 420,000 won, and LG Chem went down 0.53 percent to 561,000 won. Top steelmaker POSCO decreased 0.76 percent to 261,500 won, and Samsung SDI shed 0.56 percent to 528,000 won. Internet portal giant Naver sank 3.36 percent to 244,500 won, and platform operator Kakao dived 5.09 perce...

• SK On, Posco Holdings ink strategic partnership on batteries

  SK On and Posco Holdings said Wednesday that they have forged a strategic partnership in a move to secure a stable ecosystem for their burgeoning battery business amid deepening worries over global s...th. Early this year, the firm also set up a new solid-state electrolyte production entity, called Posco JK Solid Solution. “I expect great synergy between Posco Group’s strong capability and infra ne...