Recent events
Recent events tied to this brand in public sources.
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2022
Opposition to POSCO’s Seoul holding-company plan
Presidential candidates and Pohang residents opposed POSCO’s plan to establish its holding company in Seoul. Pohang’s city government organized a task force and began a protest campaign; the article reports that more than 64,000 residents signed a petition within two days.
2021
POSCO retires its first blast furnace
POSCO held a retirement ceremony for its first blast furnace after more than 48 years of operation. The company plans to turn the furnace into a museum.
2021
GM and POSCO announce plan for North American battery materials joint venture
General Motors said it plans to form a joint venture with POSCO to build a battery cathode materials plant in North America by 2024.
2021
POSCO receives KOGAS quality certification for 9 percent nickel steel
POSCO received quality certification from Korea Gas Corp. for its 9 percent nickel steel used in LNG storage tanks.
2021
Posco and Doosan agree to develop ammonia-derived hydrogen technology
Posco and Doosan Heavy Industries & Construction agreed to jointly develop ammonia hydrogen extraction technology and gas turbines that use hydrogen as fuel. Posco will produce and supply ammonia and develop the cracker; Doosan will develop and produce the gas combustion burner and hydrogen-powered gas turbine.
2021
Ravensthorpe to supply nickel to POSCO
Under the deal, Ravensthorpe is to supply POSCO with 7,500 tons of mixed hydroxide precipitate nickel annually starting in 2024; First Quantum said the deal was expected to close in the third quarter of 2021.
2021
POSCO acquires 30% stake in Ravensthorpe
POSCO acquired a 30% stake in the Ravensthorpe nickel mining business for $240 million.
2021
First Quantum announces sale of 30% Ravensthorpe stake to POSCO
First Quantum Minerals announced a binding agreement to sell POSCO a 30% equity interest in its Ravensthorpe Nickel Operation in Western Australia for $240 million. The transaction remains subject to conditions, including Australian Foreign Investment Review Board approval, and was expected to close in the third quarter of 2021.
2021
First Quantum and POSCO agree to explore battery-materials partnership
First Quantum and POSCO entered into a memorandum of understanding to explore a partnership to produce battery cathode precursor materials using mixed nickel-cobalt hydroxide precipitate from Ravensthorpe. They said they would work together over the coming months to advance the potential partnership.
2021
LG Electronics partners on renewable energy technology
LG Electronics said it partnered with Korea Water Resources Corporation and POSCO to develop renewable energy technology, including seawater heating and cooling systems and building-integrated photovoltaic solutions.
2021
POSCO chairman apologizes over fatal accidents
POSCO Chairman Choi Jeong-woo apologized to the bereaved family and the public over a series of fatal accidents at POSCO mills and plants. He said POSCO would cooperate with the government investigation and explore ways to strengthen workplace safety.
2021
POSCO acquires stake in Black Rock Mining
POSCO announced that it acquired a 15% stake in Black Rock Mining, which owns the Mahenge graphite mine in Tanzania, for around $7.5 million.
2020
POSCO wins Steelie sustainability award
POSCO won the World Steel Association's Excellence in Sustainability Steelie Award for its Triton Project.
2020
South Korea FTC fines logistics firms over POSCO contract collusion
South Korea’s Fair Trade Commission imposed a combined 46.04 billion won in fines on seven logistics firms, including CJ Logistics, for colluding on logistics contracts assigned by POSCO from 2001 to 2018. The FTC said the firms selected winning bidders before bidding began; CJ Logistics was fined 9.46 billion won.
2020
POSCO donates COVID-19 protective equipment to Indonesia
POSCO donated personal protective equipment and rapid test kits worth US$1 million to Indonesia as part of efforts to mitigate COVID-19.
2020
POSCO begins 100-day COVID-19 prevention operation
POSCO declared its 100 Days of Operation for War Against COVID-19 operation, which began on April 7 and was scheduled to end on July 15, to implement preventive measures and protect the national steel industry from COVID-19.
2019
Posco wins Steelie innovation prize
Posco announced that it won the innovation prize at the 10th Steelie Awards for its advanced resolution printing technology.