| POSCO | |
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| Type | Public (NYSE: PKX, LSE: PIDD, TYO: 5412) |
| Founded | 1968 |
| Headquarters | Pohang, Republic of Korea |
| Key people | Park Tae-Joon, Founder and Honorary Chairman Lee Ku-Taek, Chief Executive Officer Lee Dong-Hee, Chief Financial Officer Yoon Seok-Man, Chief Marketing Officer Chung Joon-Yang, Chief Operating Officer Lee Youn, General Superintendent of Stainless Steel Division Cho Soung Sik POSCO-India President |
| Industry | Steel |
| Products | Hot Rolled Steel, Steel Plate, Wire Rod, Cold Rolled Steel, Electrical Steel, Stainless Steel |
| Revenue | ▲ $27. A public company usually refers to a company that is permitted to offer its registered securities ( Stock, bonds, etc The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. The London Stock Exchange or LSE is a Stock exchange located in London, England. The, or TSE, located in Tokyo, Japan, is the second largest Stock exchange market in the world by market value second only to the New York Stock Pohang is a city in North Gyeongsang Province South Korea. The built-up area of Pohang is located on the alluvium of the mouth of the Hyeongsan River South Korea, officially the Republic of Korea and often referred to as Korea ( Korean: 대한민국 tɛː For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" Steel is an Alloy consisting mostly of Iron, with a Carbon content between 0 In Marketing, a product is anything that can be offered to a Market that might satisfy a want or need In business revenue or revenues is Income that a company receives from its normal business activities usually from the sale of goods and services 48 billion USD Year to 31 Dec 2005 |
| Operating income | ▲ 6. The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been In financial and business Accounting, earnings before interest and taxes (EBIT is a measure of a firm's profitability that excludes interest and income tax expenses 07 trillion Korean Won (2005) |
| Net income | ▲ 4. Net income is equal to the Income that a firm has after subtracting costs and Expenses from the total Revenue. 10 trillion Korean Won (2005) |
| Employees | 28,853 (2005) |
| Website | http://www.posco.com |
The Pohang Iron and Steel Company, or POSCO (KRXS: 005490) (NYSE: PKX) (TYO: 5412) (LSE: PIDD), based in Pohang, South Korea, is the third largest steel producer in the world. Employment is a Contract between two parties, one being the employer and the other being the employee. A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages Korea Exchange (KRX was created through the integration of the three existing Korean spot & futures exchanges ( Korea Stock Exchange, Korea Futures Exchange and KOSDAQ Korea Stock Exchange was South Korea 's exchange established in 1956. The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. The, or TSE, located in Tokyo, Japan, is the second largest Stock exchange market in the world by market value second only to the New York Stock The London Stock Exchange or LSE is a Stock exchange located in London, England. Pohang is a city in North Gyeongsang Province South Korea. The built-up area of Pohang is located on the alluvium of the mouth of the Hyeongsan River South Korea, officially the Republic of Korea and often referred to as Korea ( Korean: 대한민국 tɛː Steel is an Alloy consisting mostly of Iron, with a Carbon content between 0
Currently, POSCO operates two steel mills in the country, one in Pohang and the other in Gwangyang. Steel Mill was one of Bruce Springsteen 's early bands and performed regularly on the Jersey Shore, in Virginia, and also in California from 1969 Pohang is a city in North Gyeongsang Province South Korea. The built-up area of Pohang is located on the alluvium of the mouth of the Hyeongsan River Gwangyang ( Gwangyang-si) is a city in South Jeolla Province South Korea. In addition, POSCO operates a joint venture with U.S. Steel, USS-POSCO, which is located in Pittsburg, California. A joint venture (often abbreviated JV) is an entity formed between two or more parties to undertake economic activity together The United States Steel Corporation ( is an integrated Steel producer with major production operations in the United States, Canada, and Central Europe Pittsburg California is a city located in eastern Contra Costa County California, the outer portion of the East Bay region
Along with Samsung Electronics, POSCO is viewed by many Koreans as a symbol of national pride and 'can do' spirit. Samsung Electronics (SEC Hangul:삼성전자,,,) is the world's largest Consumer electronics company headquartered in Seocho Samsung Town in With the strong Korean shipbuilding and automobile industry dependent on POSCO for steel, it has been seen as the bedrock of Korea's industrial development over the past 40 years. See also Shipbuilding (song. Shipbuilding is the construction of Ships It normally takes place in a specialized facility known as a Steel is an Alloy consisting mostly of Iron, with a Carbon content between 0
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History
1968–1971
In the 1950s, South Korean President Park Chung-hee's administration concluded that self-sufficiency in steel and the construction of an integrated steelworks were essential to economic development. Park Chung-hee ( November 14, 1917 – October 26, 1979) was a former ROK Army general and the autocratic dictator of the Republic Self-sufficiency refers to the state of not requiring any outside aid support or interaction for survival it is therefore a type of personal or collective autonomy. Since South Korea had not possessed a modern steel plant prior to 1968, many foreign and domestic businesses were skeptical of Seoul's decision to invest so heavily in developing its own industry. Steel Mill was one of Bruce Springsteen 's early bands and performed regularly on the Jersey Shore, in Virginia, and also in California from 1969 Seoul ( soʊl is the Capital and largest City of South Korea. Despite the skepticism, under founder Park Tae-Joon's lead, POSCO began production in 1972 just four years after the company's inauguration in April 1968 with thirty-nine employees.
Japan provided the money for the construction of the initial plant, following an agreement made at the Third South Korea-Japan Ministerial Meeting in 1969. For a topic outline on this subject see List of basic Japan topics. Financing included US$73. 7 million in government grants and loans, US$50 million in credit from the Japan Export-Import Bank, and technical assistance from Nippon Steel and other corporations. Grants are funds dispersed by one party (Grant Makers often a Government Department Corporation Foundation or Trust to a recipient, often (but not always A loan is a type of Debt. This article focuses exclusively on monetary loans although in practice any material object might be lent Credit is the provision of resources (such as granting a Loan) by one party to another party where that second party does not reimburse the first party immediately thereby generating ( also referred to as, was formed in 1970. Nippon Steel Corporation is the world's second-largest steel producer in volume and the second most profitable steel company in This cooperation was one consequence of the normalization of relations with Japan in 1965 and reflected the view of the government of Japan as noted in the Nixon-Sato communique of November 21, 1969, that "the national security of the Republic of Korea is essential to the security of Japan. For a topic outline on this subject see List of basic Japan topics. National security is the entire scope of measures undertaken by the Governments of Nation-states in providing assurance of national Sovereignty "
1972–1992
POSCO first began to sell plate products in 1972 and focused its sales policies on the domestic market to improve steel self-sufficiency at home. Sheet metal is simply Metal formed into thin and flat pieces It is one of the fundamental forms used in Metalworking, and can be cut and bent into a variety It made special efforts to supply quality iron and steel to related domestic companies at below export price to strengthen their international competitiveness. Iron (ˈаɪɚn is a Chemical element with the symbol Fe (ferrum and Atomic number 26 Steel is an Alloy consisting mostly of Iron, with a Carbon content between 0 In Economics, an export is any good or Commodity, Transported from one country to another country in a Legitimate fashion
POSCO produced 6. 2 million tons of raw steel in 1980, recording a 13% increase over the previous year, and was one of the few exceptions when almost all areas of the Korean economy were in economic depression. Domestic industries absorbed POSCO's major products such as automobile and home appliance manufacturers consuming hot rolled products, shipbuilding and construction and engineering companies consuming medium plates, and electric motor and transformer manufacturers consuming electrical sheets. Hot rolling is a Metalworking process where large pieces of Metal, such as slabs or billets are heated above their Recrystallization temperature and See also Shipbuilding (song. Shipbuilding is the construction of Ships It normally takes place in a specialized facility known as a In the fields of Architecture and Civil engineering, construction is a process that consists of the Building or assembling of Infrastructure Engineering is the Discipline and Profession of applying technical and scientific Knowledge and An electric motor uses Electrical energy to produce Mechanical energy. A transformer is a device that transfers Electrical energy from one circuit to another through inductively coupled Electrical conductors Some over-produced products were exported to foreign countries but the significant import of sections for construction left Korea as a net importer. In Economics, an import is any good (eg a Commodity) or Service brought into one country from another country in a legitimate fashion Globally, POSCO was already the most efficient steel producer in certain products.
By the late 1980s POSCO's growth had been immense. It was the fifth biggest steel company in the world, with an annual production approaching 12 million tons worth 3 trillion won. POSCO's continued to expand productivity and size at a time when the steel industries of the United States and Japan were declining. Productivity in Economics refers to measures of output from production processes per unit of input The United States of America —commonly referred to as the For a topic outline on this subject see List of basic Japan topics. POSCO completed its second-phase mill at Gwangyang in August of 1988. Gwangyang ( Gwangyang-si) is a city in South Jeolla Province South Korea. A third-phase mill completed in 1992 further increased crude steel production to a total output of approximately 17. 2 million tons a year. In terms of productivity, POSCO was the world's best steel manufacturer throughout the late 1980s and also was at the top in terms of facilities.
Pohang, previously a fishing port whose major industry was processing fish and marine products, became a major industrial center with almost 520,000 people. The fishing industry includes any industry or activity concerned with taking culturing processing preserving storing transporting marketing or selling fish or fish products ||-||-|-||-||-||-||-||-||-|} A port is a facility for receiving Ships and transferring cargo Fish are aquatic Vertebrate animals that are typically ectothermic (previously Cold-blooded) covered with scales, and equipped with two Marine is an Umbrella term. As an adjective it is usually applicable to things relating to the Sea or Ocean, such as Marine biology, Marine In addition to the huge integrated steel mill, Pohang became an industrial complex housing companies that manufacture finished steel products of raw materials provided. Steel Mill was one of Bruce Springsteen 's early bands and performed regularly on the Jersey Shore, in Virginia, and also in California from 1969 Pohang is a city in North Gyeongsang Province South Korea. The built-up area of Pohang is located on the alluvium of the mouth of the Hyeongsan River A raw material is something that is acted upon or used by Organisms, or by human labour or Industry, for use as a Building material to create some product
1992–1997
Changes in managerial systems and organizational structure accelerated in 1993 when POSCO's president and founder, Park Tae-Joon, who had wielded absolute managerial authority for more than 25 years, resigned. An organizational structure is a mostly hierarchical concept of subordination of entities that collaborate and contribute to serve one common aim President is a Title leaders of Organizations companies, Trade unions universities, and countries.
These changes were not without controversy however. Park Tae-Joon was ousted under the Kim Young-sam government for alleged slush fund building and money laundering, which was later proven to be false, and went into "voluntary exile" in Japan. Kim Young-sam (b 20 December 1927 in Geoje, South Gyeongsang) was the first civilian President of South Korea since a series of Dictatorships Slush fund is a colloquial term which has come to mean an auxiliary monetary account or a reserve fund For a topic outline on this subject see List of basic Japan topics. Most of the top management under him at the time were also fired. After the inauguration of the Kim Dae-Jung government and Park's rehabilitation and climb to power, most of these former managers were returned to their previous posts at the state owned steel maker. Kim Dae-jung (Born December 3, 1925, kim tɛdʑuŋ is a former South Korean president and the 2000 Nobel Peace Prize recipient Then POSCO chairman Ryu Sang-bu and president Lee Ku-taek, and POSCO Development chairman Park Doo-pyo and managing director Cho Yong-kyong, all received support from Park who later went on to become the Prime Minister of Korea.
With the change in leadership -- from Park Tae-Joon to Ryu-Sang Bu, POSCO increased decentralization and diversification. __FORCETOC__ Decentralization or Decentralisation (see Spelling differences) is the process of dispersing Decision-making governance closer to the people POSCO's management emphasized greater flexibility, autonomy, and consensual decision-making processes. Flexibility is the absolute range of movement in a joint or series of joints and muscles that is attainable in a momentary effort with the help of a partner or a piece of equipment Autonomy ( Greek: Auto- Nomos - nomos meaning "law" one who gives oneself his/her own Law) is the right to Self-government The chairman also moved to devolve more autonomy to the profit centres and changing from a strictly hierarchical organizational structure to one based on teams. In the study of organizations and how they work it is often suggested that there are only three ways of "getting things done" Hierarchy, Heterarchy and responsible An organizational structure is a mostly hierarchical concept of subordination of entities that collaborate and contribute to serve one common aim
In July 1994, POSCO created two subsidiary companies, POSTEEL and POSTRADE. POSTEEL is the domestic sales and service arm of the company, while POSTRADE handles international trading of POSCO products. Both subsidiaries commenced full operation in September 1994, with all international POSCO affiliates transferred to POSTRADE by the end of that year. The landmark Posteel Tower on Tehran Street, in Seoul's Gangnam district (not to be confused with the POSCO Center, also on Tehran Street) was completed in 2003. Teheranno (alternatively Teheran-ro, translation “ Tehran Street” is a street in the Gangnam district of Seoul, South Korea. Gangnam-gu is one of the 25 gu (local government districts which make up the city of Seoul, South Korea.
1997–2000
In 1997, Seoul announced that it was going to transform POSCO into a private company in line with the government's new policy of privatizing government-owned corporations. The term privately held company refers to ownership of a business company in two different ways first referring to ownership by non-governmental organizations and second Privatization is the incidence or process of transferring ownership of business from the Public sector (government to the Private sector (business A government-owned corporation, state-owned enterprise or government business enterprise is a legal entity created by a Government to undertake commercial The government planned to retain a majority share of the stock; initial reports in the South Korean press in 1998 indicated that the sale of public shares was going slower than anticipated. Software for Fixed assets management and Stock control developed in 2004. In financial markets, a share is a Unit of account for various financial instruments including Stocks Mutual funds Limited partnerships However, the administration led by Kim Young Sam changed the initial policy direction of privatization of POSCO and decided not to sell government-owned stock to keep it as a government investment enterprise. Kim Young-sam (b 20 December 1927 in Geoje, South Gyeongsang) was the first civilian President of South Korea since a series of Dictatorships Privatization is the incidence or process of transferring ownership of business from the Public sector (government to the Private sector (business
But, the Kim Dae Jung administration following the Kim Young Sam administration listed privatization of public enterprise as a high priority policy in economic policy agenda to implement mainly because of outbreak of the economic crisis. Kim Dae-jung (Born December 3, 1925, kim tɛdʑuŋ is a former South Korean president and the 2000 Nobel Peace Prize recipient Kim Young-sam (b 20 December 1927 in Geoje, South Gyeongsang) was the first civilian President of South Korea since a series of Dictatorships Privatization is the incidence or process of transferring ownership of business from the Public sector (government to the Private sector (business A public company usually refers to a company that is permitted to offer its registered securities ( Stock, bonds, etc Economic policy refers to the actions that Governments take in the economic field. The new administration decided to privatize POSCO and by 1998, the South Korean government had reduced its ownership of shares in POSCO to less than 20%, and more than 50% of the shares in POSCO were in the hands of foreign investors. Privatization is the incidence or process of transferring ownership of business from the Public sector (government to the Private sector (business Ownership is the state or fact of exclusive rights and control over Property, which may be an object, land/real estate, Intellectual property In financial markets, a share is a Unit of account for various financial instruments including Stocks Mutual funds Limited partnerships Investment or investing is a term with several closely-related meanings in Business management, Finance and Economics, related to saving In 2000, full privatization of POSCO was completed. Privatization is the incidence or process of transferring ownership of business from the Public sector (government to the Private sector (business
2001–2006
As part of the privatization process, new Chairman Lee Ku-Taek began efforts to introduce a professional management and governance system of global standards for POSCO. Privatization is the incidence or process of transferring ownership of business from the Public sector (government to the Private sector (business Management (covering theory practice and scope of management and Manager' (covering the people who manage might help clarify and systematise Governance relates to decisions that define expectations, grant power, or verify performance. Under the new governance system, management made accountability to shareholders a priority. Accountability is a concept in Ethics with several meanings It is often used synonymously with such concepts as answerability enforcement responsibility, blameworthiness POSCO also introduced a new performance-based evaluation and compensation system. Throughout most of its privatization drive, POSCO increased its revenue and business profit. Privatization is the incidence or process of transferring ownership of business from the Public sector (government to the Private sector (business In business revenue or revenues is Income that a company receives from its normal business activities usually from the sale of goods and services Thanks to robust demand at home and in China, POSCO recorded the largest profits in the global steel industry in 2004. Supply and demand is an Economic model describing effects on price and quantity in a Market. China ( Wade-Giles ( Mandarin) Chung¹kuo² is a cultural region, an ancient Civilization, and depending on perspective a National Net earnings from POSCO's array of steel products - used in everything from screws to skyscrapers - shot up 80% to $1. Income, refers to consumption opportunity gained by an entity within a specified time frame which is generally expressed in monetary terms A screw is a shaft with a helical groove or thread formed on its surface and provision at one end to turn the screw A skyscraper is a tall continuously habitable Building. There is no official definition or a precise cutoff height above which a building may clearly be classified as a skyscraper 66 billion in 2004 from the previous year.
With increasing global competition, POSCO looked to China and India for new opportunities. China ( Wade-Giles ( Mandarin) Chung¹kuo² is a cultural region, an ancient Civilization, and depending on perspective a National India, officially the Republic of India (भारत गणराज्य inc-Latn Bhārat Gaṇarājya; see also other Indian languages) is a country South Korean wages were too high to support a whole range of activities and POSCO looked elsewhere for new projects while keeping the areas where they have a comparative advantage in South Korea. A wage is a compensation workers receive in exchange for their labor. In international trade the principle of comparative advantage refers to the fact that although one country may have an absolute disadvantage with another value can be created for both South Korea, officially the Republic of Korea and often referred to as Korea ( Korean: 대한민국 tɛː By 2006, POSCO had 26 subsidiaries and invested over $2. A subsidiary, in business matters is an entity that is controlled by a bigger and more powerful entity 4 billion in fresh investment on mainland China, especially in galvanized and stainless steel to supply global auto and appliance makers that have opened plants there. Investment or investing is a term with several closely-related meanings in Business management, Finance and Economics, related to saving Mainland China, Continental China, the Chinese mainland or simply the mainland, is a geopolitical term synonymous with the area that is under the jurisdiction In Metallurgy, stainless steel is defined as a Steel Alloy with a minimum of 11 The automotive industry is the industry involved in the design development manufacture marketing and sale of Motor vehicles In 2007 more than 73 million motor vehicles In 2006, POSCO started operating the Zhangjiagang Pohang Stainless Steel(ZPSS) steel mill capable of producing 600,000 tons of stainless steel and hot-rolled products annually in China’s Jiangsu Province. Steel Mill was one of Bruce Springsteen 's early bands and performed regularly on the Jersey Shore, in Virginia, and also in California from 1969 Units of mass There are three similar units of Mass called the ton: Long ton (simply ton in countries such as the United In Metallurgy, stainless steel is defined as a Steel Alloy with a minimum of 11 Hot rolling is a Metalworking process where large pieces of Metal, such as slabs or billets are heated above their Recrystallization temperature and ( Postal map spelling: Kiangsu) is a province of the People's Republic of China, located along the east coast of the country As a result, POSCO became the first foreign firm operating an integrated stainless steel mill in China, handling the entire production process from smelting iron ore to finished products, including the cold rolled stainless plant it already operates. In Metallurgy, stainless steel is defined as a Steel Alloy with a minimum of 11 China ( Wade-Giles ( Mandarin) Chung¹kuo² is a cultural region, an ancient Civilization, and depending on perspective a National Iron ores are rocks and Minerals from which Metallic Iron can be economically extracted Cold rolling is a Metal working process in which metal is deformed by passing it through rollers at a temperature below its Recrystallization temperature
In June of 2005, POSCO signed a memorandum of understanding with the State of Orissa in India. A memorandum of understanding ( MOU or MoU) is a Document describing a Bilateral or multilateral Agreement between parties Orissa (ଓଡ଼ିଶା is a state located on the east coast of India, by the Bay of Bengal. India, officially the Republic of India (भारत गणराज्य inc-Latn Bhārat Gaṇarājya; see also other Indian languages) is a country Under the agreement, POSCO plans to invest US$12 billion to construct a plant with four blast furnaces, an electricity plant, housing, and an annual production capacity of 12 million tons of steel, which is slated to start production in 2010. A blast furnace is a type of metallurgical Furnace used for Smelting to produce metals generally Iron. Units of mass There are three similar units of Mass called the ton: Long ton (simply ton in countries such as the United Steel is an Alloy consisting mostly of Iron, with a Carbon content between 0 The project, which would start with a 3 million tonne capacity initially, would fetch revenue for the government to the tune of Rs 700 crore to Rs 800 crore (Rs 7-8 billion) annually. Units of mass There are three similar units of Mass called the ton: Long ton (simply ton in countries such as the United In business revenue or revenues is Income that a company receives from its normal business activities usually from the sale of goods and services A crore is a unit in the Indian numbering system and was formerly a unit in the Persian numbering system still widely used in Bangladesh, India, Maldives It would also provide direct employment to 13,000 people and ensure indirect employment for another 35,000. The Orissa State government also promised to provide a total of 600 million tons of iron sources, and will allow POSCO to use iron ore from these sources over the next 30 years. Orissa (ଓଡ଼ିଶା is a state located on the east coast of India, by the Bay of Bengal. Iron ores are rocks and Minerals from which Metallic Iron can be economically extracted If the project goes ahead, it will be the single largest foreign direct investment in India as well as being the world's biggest greenfield steel plant ever. Foreign direct investment ( FDI) in its classic definition is defined as a company from one country making a physical investment into building a factory in another country India, officially the Republic of India (भारत गणराज्य inc-Latn Bhārat Gaṇarājya; see also other Indian languages) is a country In Software engineering Jargon, a greenfield is a project which lacks any constraints imposed by prior work
Despite that the people of the proposed site for the factory have protested against the acquisition of their lands. Unable to break the resistance armed goons with the aid of pro-POSCO police and district adminstration attacked the villagers protesting peacefully. Crude bombs were hurled at an assembly of elderly women of the village. Several activists have bean brutaly beaten up by police and goons.
POSCO have pursued investment opportunities in other developing countries such as Vietnam and Mexico. Investment or investing is a term with several closely-related meanings in Business management, Finance and Economics, related to saving Developing countries are countries that haven't reached Western-style standards of democratic government free market economy industrialization social programs and human rights guaranties Vietnam (ˌviːɛtˈnɑːm Việt Nam) officially The United Mexican States ( or commonly Mexico (ˈmɛksɪkoʊ () is a federal constitutional Republic in North America. It was announced in August of 2006 that POSCO will build a large-scale steel mill in southern Vietnam. Steel Mill was one of Bruce Springsteen 's early bands and performed regularly on the Jersey Shore, in Virginia, and also in California from 1969 Vietnam (ˌviːɛtˈnɑːm Việt Nam) officially POSCO plans to build the US$1 billion plant in two phases for hot-rolled and cold-rolled products by 2012. Hot rolling is a Metalworking process where large pieces of Metal, such as slabs or billets are heated above their Recrystallization temperature and Cold rolling is a Metal working process in which metal is deformed by passing it through rollers at a temperature below its Recrystallization temperature When completed, the mill is expected to produce three-million tons of steel products annually. Units of mass There are three similar units of Mass called the ton: Long ton (simply ton in countries such as the United Posco also plans to build a $250 million plant in the city of Altamira, Mexico, to produce 400,000 tons of galvanized steel sheet a year for automakers . Altamira is a municipality and city in the Mexican state of Tamaulipas. The United Mexican States ( or commonly Mexico (ˈmɛksɪkoʊ () is a federal constitutional Republic in North America. The automotive industry is the industry involved in the design development manufacture marketing and sale of Motor vehicles In 2007 more than 73 million motor vehicles The venture will be Posco's first wholly owned steel-plate plant in North America. Posco plans to begin construction in early 2008, and start operations in 2009, producing galvanized and galvannealed steel. In the fields of Architecture and Civil engineering, construction is a process that consists of the Building or assembling of Infrastructure Galvannealed or Galvanneal, Is the result from the combined process of Galvanizing and Annealing the steel
On June 30 of 2006, POSCO completed the construction of its sixth continuous galvanizing line (CGL) at its Gwangyang mill in the South Jeolla Province. Gwangyang ( Gwangyang-si) is a city in South Jeolla Province South Korea. Jeollanam-do (South Jeolla is a province in the southwest of South Korea. With this new addition, POSCO becomes the no. 2 producer of sheet-steel just behind ArcelorMittal. ArcelorMittal (,,) is the largest steel company in the world with 310000 employees in more than 60 countries [1]
Management organization
Head Office
POSCO's Headquarters, along with the POSCO Center, form the 'brain' of the company, overseeing major tasks, such as the management, planning, and finances of the steelworks at Pohang and Gwangyang. Teheranno (alternatively Teheran-ro, translation “ Tehran Street” is a street in the Gangnam district of Seoul, South Korea. Management (covering theory practice and scope of management and Manager' (covering the people who manage might help clarify and systematise Planning in Organizations and Public policy is both the organizational process of creating and maintaining a Plan; and the psychological process of The field of finance refers to the concepts of Time, Money and Risk and how they are interrelated Pohang is a city in North Gyeongsang Province South Korea. The built-up area of Pohang is located on the alluvium of the mouth of the Hyeongsan River Gwangyang ( Gwangyang-si) is a city in South Jeolla Province South Korea. The construction of POSCO headquarters at 1 Goedong-dong, Nam-gu, Pohang, was completed on April 1, 1987, and has since become a structure that symbolizes the entire company. Headquarters (HQ denotes the location where most if not all of the important functions of an organization are concentrated Pohang is a city in North Gyeongsang Province South Korea. The built-up area of Pohang is located on the alluvium of the mouth of the Hyeongsan River
POSCO Center
Winner of the 1995 Seoul Architectural Award for its progressive combination of modern design and eco-friendly engineering, POSCO Center is regarded as Korea's first state-of-the-art intelligent building. "Building automation" can also refer to Build automation, the practice of programmatically Compiling Software programs This landmark in the heart of southern Seoul's Teheran Valley high-tech venture corridor also hosts a wide variety of free cultural programs, events, and exhibitions throughout the year. Gangnam-gu is one of the 25 gu (local government districts which make up the city of Seoul, South Korea. Teheranno (alternatively Teheran-ro, translation “ Tehran Street” is a street in the Gangnam district of Seoul, South Korea.
Pohang and Gwangyang Steelworks
Pohang - Constructed in four phases between April 1970 and February 1981 along Korea's southeast coast, the nation's first integrated steelworks has produced 230 million tons of pig iron through March 2004 - enough to build some 250 million compact cars. Pig iron is the intermediate product of Smelting Iron ore with coke, usually with Limestone as a flux A compact (North America small family (European or c-segment car is a classification of cars which are larger than a supermini Crude Steel Production (2004) = 12. 67 million tons
Gwangyang - Constructed in four phases between September 1982 and October 1992 on land Korea's southern coast, the nation's second integrated steelworks is among the world's most advanced. Gwangyang ( Gwangyang-si) is a city in South Jeolla Province South Korea. Gwangyang focus on manufacturing automotive steel, high-strength structure steel, API line pipe steel, and other strategic product categories. Crude Steel Production (2004) = 16. 23 million tons
Subsidiaries
- POSCON
- POSBRO - A WiMAX/WiBro Mobile Internet terminal manufacturer.
- POSDATA - An IT solutions provider
- POSCO Engineering & Construction
Competitors
See also
References
- ^ Korea. POSDATA is a comprehensive IT service provider established in 1989 as a subsidiary of world-renowned steelmaker POSCO] POSDATA delivers products and services to telecommunications ArcelorMittal (,,) is the largest steel company in the world with 310000 employees in more than 60 countries ( also referred to as, was formed in 1970. Nippon Steel Corporation is the world's second-largest steel producer in volume and the second most profitable steel company in is a Corporation headquartered in Tokyo, Japan. It was formed in 2002 by the Merger of and. A corporation is a separate legal entity usually used to conduct business Nucor Corporation ( is one of the largest steel producers in the United States and the largest of the "mini-mill" operators (those using Electric arc furnaces Tata Steel, formerly known as TISCO (Tata Iron and Steel Company Limited) is the world's 5th largest and India's largest steel company with an annual crude steel This article summarizes the world Steel production by company. This is a list of major companies based in South Korea. Please note that the list is highly incomplete and does not have thousands of companies of different sizes Pohang is a city in North Gyeongsang Province South Korea. The built-up area of Pohang is located on the alluvium of the mouth of the Hyeongsan River The Economy of South Korea is the third-largest in Asia and the 13th-largest in the world by GDP ( PPP) as of net
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