South Korea's Posco Acquires Australian Senex

Posco International, a trading company based in South Korea, has agreed to take over cash offer with Senex Energy, an Australian gas company. The cash offer has valued Senex at 850 million Australian dollars.

100 percent shares of Senex will be acquired by Posco at a value of 4.60 Austr...

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...

S. KOREA CONGLOMERATES TO INVEST $38.2 BILLION IN THE HYDROGEN INDUSTRY

Highlights –

• S. Korean conglomerates to invest $38.2 billion in the hydrogen industry.
• SK, Hyundai Motor, POSCO, Hanwha, and Hyosung are ready to invest in a wide range of hydrogen infrastructure.
• SK Group plans to invest 18.5 trillio...

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.

SOUTH KOREA GEARS UP INVESTMENTS IN HYDROGEN BUSINESS ACROSS VARIOUS SECTORS

Highlights –

• South Korea gears up investments in Hydrogen business across various sectors.
• South Korea is aimed at going carbon neutral by 2050 through its Green New Deal initiative.
• Hyundai Motor Corp. has been developing hydrogen fu...

AUSSIE MINING COMPANY TEAMS UP SOUTH KOREA’S POSCO

HIGHLIGHTS

• Black Rock Mining of Australia wants to collaborate with POSCO of South Korea.
• This collaboration is for a graphite mining in Tanzania.

Listed in Australian Stock Exchange (ASX), Black Rock Mining has signed a memorandum o...

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...

More car manufacturers entering into the Korean Auto Industry

With every passing day, technology is evolving around us and is enhancing. The number of firms entering the industry is also increasing at a substantial rate. A vast majority of these entrants are inclusive of automakers. Because of this, the automaking industry is not just thriving, but also mov...