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POSCO to invest 480 bln won in automotive steel plant by 2028
6+ day, 1+ hour ago (203+ words) SEOUL, Sept. 8 (Yonhap) -- South Korean steelmaker POSCO said Tuesday it will invest 480 billion won (US$359 million) to build an automotive steel plant as it seeks to expand its high-end steel products business. The plant, which POSCO plans to complete by…...
Industry minister urges U.S. to ease tariffs on hard-to-source steel mill equipment
1+ week, 2+ day ago (433+ words) SEOUL, Sept. 5 (Yonhap) -- South Korea's industry minister urged the United States on Saturday to ease tariffs on equipment that Korean companies will need to import for a US$5.8 billion steel mill in Louisiana they are investing in. Industry Minister Kim…...
S. Korea creates domestic guidelines on NATO standards to help boost defense exports
3+ week, 5+ hour ago (269+ words) SEOUL, Aug. 24 (Yonhap) -- South Korea has established a set of new guidelines to help defense companies better meet technical standards required by North Atlantic Treaty Organization (NATO) nations for arms exports, the arms agency said Monday. The guidelines will allow…...