[THE INVESTOR] POSCO Daewoo announced on Sept. 13 that it has signed a memorandum of understanding with cosmetics company Caolion to jointly expand to overseas markets.
The trading arm of South Korean steelmaker Posco will provide sales channels worldwide from Europe -- including the UK, Germany and Poland -- and Asia -- including China and Thailand -- to Central and South America.
“Through our local network across the world, we will present quality products in global cosmetics markets,” said the company adding that it will expand the items and promote goods made by homegrown small and medium enterprises.
