October 23, 2016 6:01 AM ET

Metals and Mining

Company Overview of POSCO

Company Overview

POSCO manufactures and sells steel rolled products and plates in South Korea and internationally. The company operates through four segments: Steel, Construction, Trading, and Others. It offers hot rolled steel, steel plates, wire rods, cold rolled steel, galvanized steel, electrical galvanized steel, electrical steel, automotive materials, stainless steel, titanium, magnesium, and aluminum-plated products. The company is also involved in the planning, designing, and construction of industrial plants, civil engineering projects, and commercial and residential buildings; steel sales and trading; computer hardware and software distribution; economic research and consulting business; business f...

POSCO Center West Wing

16th Floor




South Korea

Founded in 1968


82 2 3457 2114

Key Executives for POSCO

POSCO does not have any Key Executives recorded.

POSCO Key Developments

POSCO Reportedly Seeks To Sell Engineering Unit

POSCO (KOSE:A005490 might sell its engineering unit. Posco is reportedly tapping into various plans on how to deal with its engineering unit, such as putting it up for sale or merging it with POSCO Engineering & Construction Co., Ltd.

Posco Opens Automotive Steel Plant in Pluak Daeng, Rayong Province (Thailand)

Posco has opened an automotive steel plant in Pluak Daeng, Rayong Province (Thailand), to strengthen its presence in Southeast Asia. The new USD 300 million plant, inaugurated on 31 August, will have annual production capacity of 450,000 tones of automotive plates. Posco will supply automotive steel plates produced at the Thai plant to Toyota, Nissan, Ford and other automaker operating in the region.

Kyobo Life, Hanwha Life And Korea Investment Confirm Bidding For Woori Bank

Kyobo Life Insurance Co., Ltd., Hanwha Life Insurance Co., Ltd. (KOSE:A088350) and Korea Investment Holdings Co., Ltd. (KOSE:A071050) confirmed that they are considering buying splinter stakes in Woori Bank Co., Ltd. (KOSE:A000030), in the privatization sale by Korea Deposit Insurance Corp. of 30% out of a 48.09% held by it to multiple investors. The bid is slated to open on September 23, 2016. Besides the three, National Pension Service, KT Corp. (KOSE:A030200) and some foreign private equity funds are also showing interest in the sale. POSCO (KOSE:A005490) was said to be interested in taking part in the bidding, but it officially withdrew the plan due to its internal restructuring process going forward. Affinity Equity Partners, Baring Private Equity Asia and ORIX Private Equity Korea Corporation, which Lee Kwang-goo, Chief Executive Officer of Woori Bank contacted in person at recent investor relations meetings, are also being considered as possible bidders.

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