Korea Joongang Daily
Korea JoongAng Daily

Posco steels against uncertainty with financial support for trading companies

Posco is stabilizing the steel supply chain by backing its trading companies with financial support to boost export competitiveness as global uncertainty rises on tariff hikes, Chinese steel oversupply, a weak won and high oil prices.

2026-04-29

Hana Financial, others team up on overseas money transfer service powered by blockchain

Hana Financial Group, Posco International and the crypto exchange operator Dunamu signed an agreement on Wednesday to jointly develop blockchain-based, real-time cross-border money transfer services for global trade firms.

2026-04-29

From factories to data centers: Korea's heavy industries pivot to meet surging AI demand

Korea's heavy industries are slowly wading into the business of building AI data centers by repurposing factory sites and core technologies to meet surging demand for their power-hungry infrastructure.

2026-04-24

Top court upholds ruling ordering Posco to directly hire 200 subcontract workers

The Supreme Court on Thursday upheld a ruling that ordered steelmaker Posco to directly hire over 200 subcontract workers who had worked for the company for more than two years.

2026-04-16

Posco acquires full ownership of lithium mining company in Argentina

Korean steelmaker Posco Group said on Thursday it has acquired full ownership of a lithium mining firm in Argentina as part of efforts to strengthen its rechargeable battery materials business.

2026-04-09

Stepping up at work

A Posco employee holds up a phone displaying the group’s internal app on a staircase at the Posco Center in Gangnam District, southern Seoul, on April 6.

2026-04-06

Posco to fire up ‘full value chain’ industrial gas factory as market heats up

With the importance of industrial gas rising as the semiconductor, aerospace and secondary battery industries developing, Posco is responding to the shift with the pending completion of its first “full value chain” domestic rare gas factory in April.

2026-03-31

Posco Future M inks 1 trillion won battery anode supply deal for auto industry

Posco Future M has inked a 1 trillion won ($670 million) deal to supply anodes, critical materials for batteries, to an undisclosed global automaker.

2026-03-16

Posco transforming steelmaking and office work through AI and automation

Posco is rolling out its digital transformation (DX) strategy in all facets of the company to aid in its future competitiveness. The company’s strategy aims to transform its workplaces into “intelligent factories” and “intelligent offices.”

2026-02-26

Posco Holdings looks to lithium, steel for rebound as profit slides 15% in 2025

Posco Holdings reported a 15 percent drop in operating profit for 2025, despite strong performance in steel. They aim for recovery through rising lithium prices and expanded production, while facing challenges in materials and construction.

2026-01-29