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Korean firms falter amid rising counterparts of China, Japan
Korean firms falter amid rising counterparts of China, Japan . JULY 22, 2014 03:34.
REFILE-Posco, Chongqing Iron & Steel group sign agreement for $3.3 bln investment
South Korean steelmaker Posco and the parent group of China's Chongqing Iron & Steel Co.
Posco, Chongqing Iron & Steel sign agreement for $3.3 bln investment
South Korean steelmaker Posco and China's Chongqing Iron & Steel Co. have signed a memorandum of understanding for a $3.3 billion investment, South Korea's trade ministry said on Friday.
POSCO Looks Serious About Building Value
POSCO appears to be serious about divesting non-core assets and avoiding further diversification and acquisitions that dilute shareholder value.
UPDATE 1-POSCO drops plan to buy Dongbu's steel, power units
South Korean steelmaker POSCO said on Tuesday that it will not buy two of the units of cash-strapped conglomerate Dongbu Group, citing financial burdens and differences over asset prices.