Will we be able to consider POSCO as a steel company 50 years later? The steelmaker plans to raise its sales in the non-steel sector to 60 percent of its total sales by 2068 as it believes that it cannot to rely on the steel business alone for growth in the next 50 years.On the contrary, Hyundai Ste
POSCO, which took the secondary battery material business as a new growth engine, succeeded in securing a salt lake for lithium production.The Korean stealmaker announced on August 27 that it has signed an agreement with Galaxy Resources, a resource development specialist in Perth, Australia, to pur
The day of July 30 was POSCO chairman Choi Jung-woo’s first day of work at the POSCO Center in Gangnam-gu after his inauguration on July 27. Choi said, “We will raise our share of the global material market, including lithium, to 20 percent by 2030 and earn more than 15 trillion won (US$13.41 billio
As POSCO Chemtech president Choi Jeong-woo was tapped as new chairman of POSCO, the nation’s largest steel manufacturer is expected to step up its efforts to implement the 100-Year-Old Enterprise project.The project calls for shifting the steel giant's strategic focus from steel production and s
POSCO has joined a global scramble for lithium, a key material for electrical vehicle batteries. The Korean steelmaker is promoting its lithium business as a next-generation growth engine.POSCO is pushing hard to acquire a salt lake in Argentina which has large lithium deposits, a move that follows