POSCO SAW A RECORD INCREASE IN NET PROFIT BY 162% IN Q1

Highlights –

• POSCO saw a record increase in net profit by 162% in Q1.
• Net profit for the three months that ended in March soared to US$1.02 billion.
• The company’s operating profit in Q1 rose 1.55 trillion won.
• POSCO r...

POSCO CHEMICAL SOLD SHARES TO RAISE $1.1 BILLION FOR RECHARGEABLE BATTERY BUSINESS

Highlights –

• POSCO Chemical sold shares to raise $1.1 billion for rechargeable battery business.
• POSCO Chemical Co. sold 16.47 million shares at 77,300 won.
• The new shares are said to be listed on the Seoul bourse on Feb. 3.

POSCO CHEMICAL CO. JOINT VENTURE WITH OCI CO.

Highlights –

• POSCO Chemical Co. joint venture with OCI Co.
• Production of high-purity hydrogen peroxide
• The commercial operation to start in 2022

South Korean steel giant POSCO’s refractory and secondary batter...