BNET Industries

POSCO

PKX is in the Manufacturing Industry

Market Cap:$42.7B

Last Fiscal Year Sales:$34.7B

Public

Dow Jones Description

POSCO proves that, even in Korea, old monopolies can modernize. Founded in 1968 and headquartered in Seoul, South Korea, POSCO (NYSE: PKX (ADR); SEO: 005490) manufactures and sells steel products. The company produces 31 million tons annually, sold mostly to the auto and shipbuilding industries. It makes plate steel, stainless steel, electrical steel, and wire rods. Its stainless steel products are sold to buyers in the chemical, paper mills, aviation, automobile, construction, and food processing industries. The company has annual revenue of about $27.3 billion and employs about 28,853 people. Among the awards the company received in 2005 were Business Week's ranking of No. 6 on the list of The Best Asian Performers and Forbes' selection as One of Asia's Fab 50 Companies.

Number of Employees 1,000

Contact Information

1 Koedong-Dong Nam-Gu

Kyongsangbuk-Do

Pohang 790-600

www.posco.co.kr

(82) 54 220 0114

Peer Companies

NAICS Code All Other Petroleum and Coal Products Manufacturing: 324199

Company News

Recent Events

POSCO NOT INTERESTED IN DAEWOO SHIPBUILDING: CEO

11/09/09 - Merger / Acquisition - View Story
POSCOE&C-IPO/URGENT

10/20/09 - New Investment - View Story
POSCO BUILDS STEEL PLANT IN VIETNAM TO MEET GROWING DEMAND

10/19/09 - Merger / Acquisition - View Story
S. KOREAN CO POSCO Q3 NET SLIPS 6.3 PCT ON LOWER STEEL PRICES

10/14/09 - Merger / Acquisition - View Story
Seoul shares hit 2-mth low; POSCO dives on Q4 woes

10/29/09 - Financial Announcement - View Story
Asia Markets Await U.S. Earnings

10/12/09 - Bond / Stock Rating - View Story
Goldman Sachs Upgraded POSCO PKX to Conviction Buy

10/13/09 - Bond / Stock Rating - View Story
RPT-UPDATE 1-Thainox big shareholder in sale talks, stock surges

10/09/09 - Merger / Acquisition - View Story
Korea, South:POSCO in talks to acquire the largest stainless steel producer in Thailand

10/10/09 - Merger / Acquisition - View Story
South Korean Market Trades Firm; Shipbuilders, Steel Stocks Rally

10/07/09 - Joint Venture / Alliance - View Story
South Korea Freight Transport: Overall Freight Carried Will Grow By A Reduced Annual Average Of...

10/02/09 - Merger / Acquisition - View Story
S.KOREA STEELMAKER POSCO TO LAUNCH TITANIUM JV IN KAZAKHSTAN

9/30/09 - Product Announcement - View Story
Seoul shares seen lower; SK Telecom, POSCO eyed

9/27/09 - New Investment - View Story
David Moenning's Daily State of the Markets: Different This Time Around?

9/25/09 - Bond / Stock Rating - View Story
Seoul shares retreat on exporters, energy issues

9/25/09 - Merger / Acquisition - View Story
Posco joins hands with Jupiter

9/22/09 - Board Member - Entering - View Story
POSCO expands auto steel processing plant in Japan

9/17/09 - Joint Venture / Alliance - View Story

News & Analysis

posco and sk telecom co. - All News and Analysis

Posco to dispose off SKT shares.(KOREA)(SK Telecom)(Brief Article)

- 2006-01-01

South Korea-based Posco, a leading steel company, has decided to dispose off its stake in SK Telecom, amounting to $193 million. Posco's decision is in line with its strategy to sell off assets that are not related to its business. Bae Hyo Seop, an official in the...

Tags: POSCO, SK Telecom Co.
Posco to dispose off SKT shares.(KOREA)(SK Telecom)(Brief Article)

- 2006-01-01

South Korea-based Posco, a leading steel company, has decided to dispose off its stake in SK Telecom, amounting to $193 million. Posco's decision is in line with its strategy to sell off assets that are not related to its business. Bae Hyo Seop, an official in the...

Tags: POSCO, SK Telecom Co.
Kepco fails to sell Powercomm stake.

- 2002-07-09

Jul 09, 2002 The Asian Wall Street Journal ABIX via COMTEX -- An auction offering shares in Powercomm was not successful in South Korea. It was the second attempt by Korea Electric Power Corporation to dispose of a 30 shareholding in the cable group. ...

Tags: POSCO, SK Telecom Co.