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KRX:005490

13 stories mentioning KRX:005490Updated 17h ago

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Asia

Posco Files SEC Form SD on 2025 Resource Development Payments Made to Governments

Posco Holdings (KRX:005490) filed Form SD with the U.S. Securities and Exchange Commission (U.S. SEC) disclosing payments made to governments in 2025 for the commercial development of oil, natural gas, and minerals, according to a Monday filing with the Korea Exchange.The disclosure covers four projects--the Sal de Oro lithium project in Argentina, Malaysia's PM524 offshore oil and gas project, Indonesia's Bunga offshore oil and gas project, and Australia's Atlas, Roma North and Range gas projects, the filing said.The disclosure reports total government payments by project, government department and payment type. All amounts are reported in U.S. dollars based on the 2025 year-end exchange rate and represent total project payments without adjusting for Posco Holdings' equity ownership, it said.Shares of Posco fell nearly 1% in recent trade.

KRX:005490
Asia

Market Chatter: Posco Union Workers Start Second Partial Strike Over Wage Dispute

Posco (KRX:005490) union workers began a second partial strike on Wednesday after negotiations with management over wages and other compensation failed in South Korea, Yonhap News reported the same day.Workers began a 120-hour walkout, with 60 workers each from the Pohang and Gwangyang plants expected to join the strike, the company said.The union is seeking a 7.1% base pay hike, a 600% performance bonus, 50 company shares per worker and a 200% holiday bonus, while management has proposed a 2% wage hike, the report said.Meanwhile, the steelmaker said it expects no major disruption to production and plant operations.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

KRX:005490
Asia

Market Chatter: Posco Union Workers Start Two-Day Partial Strike Over Wage Dispute

Posco (KRX:005490) union workers began the first day of their two-day partial strike on Wednesday after negotiations with management over wages and other compensation failed in South Korea, Yonhap News reported the same day.Workers began a 48-hour partial strike, with 40 participating employees at the Pohang plant and 80 at the Gwangyang plant. The union is seeking a 7.1% base pay raise, a 600% performance bonus, 50 company shares per worker and a 200% holiday bonus, while management has proposed a 2% wage hike, the report said.The steelmaker expects negligible impact on production due to the lower worker participation and plans measures to prevent overall operational disruptions, it said.Posco did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

KRX:005490
Asia

Hyundai Motor Group to Invest $5.8 Billion in Louisiana Electric Arc Furnace Steel Mill

Hyundai Motor Group, the parent of Hyundai Motor (KRX:005380) and Kia (KRX:000270), will invest $5.8 billion in an electric arc furnace steel mill in Louisiana, jointly constructed by Hyundai Steel (KRX:004020) and Posco (RX:005490), Hyundai Steel said Friday.Speaking at the groundbreaking ceremony, Hyundai Motor Group Executive Chair Chung Euisun said that the new facility will supply low-carbon, high-grade steel. The facility is expected to begin production in early 2029, with an annual capacity of 2.7 million tons of hot-rolled and cold-rolled steel sheets, primarily for automotive applications, the release said.Hyundai Motor Group will hold an 80% stake in the new facility, called Hyundai-Posco Louisiana Steel, while Posco will own the remaining 20%.Shares of Hyundai Motor rose nearly 2%, Kia added 1%, while Hyundai Steel added over 1%, and Posco shed 1% in recent trade.

KRX:000270KRX:004020KRX:005380KRX:005490
Asia

POSCO Secures $700 Million IDB Credit Line for Lithium Expansion

POSCO (KRX:005490) has secured a $700 million short-term borrowing facility from IDB Invest, the private-sector arm of the Inter-American Development Bank Group, to support its lithium brine operations in Argentina.The credit line, approved on Aug. 4, will provide flexible working capital for POSCO Argentina's first lithium plant and its second facility, which is scheduled for completion in the second half, according to a statement on Friday.The financing structure combines a direct A-loan of up to $250 million with the potential mobilization of an additional $450 million from international financial institutions.The IDB facility offers tax breaks on interest and transaction fees under its intergovernmental framework, lowering financing costs and bolstering project profitability after POSCO Argentina posted its first quarterly operating profit in the second quarter.

KRX:005490
Asia

POSCO Strikes Lithium Supply, Battery Recycling Deal with China's Ningbo Ronbay

POSCO (KRX:005490) has signed a strategic framework agreement with China's Ningbo Ronbay New Energy (SHA:688005) to cooperate across the entire secondary battery value chain, including lithium supply and waste battery recycling.The deal covers battery-grade lithium from POSCO's Australian ore operations, Argentine brine projects, and recycled lithium extracted from waste batteries through its subsidiary POSCO HY Clean Metal, according to a statement on Wednesday.The two companies aim to complete quality certification for battery-grade lithium hydroxide from POSCO's domestic production facility by the fourth quarter of this year to enable mass production and supply.They also plan to strengthen resource circulation cooperation by building a closed-loop system for global waste battery recovery and recycling, building on an existing partnership in nickel, cobalt, and manganese supply.

KRX:005490SHA:688005
Asia

Posco Holdings to Sell Stake in POSCO DX for KRW 482 Billion

Posco Holdings (KRX:005490) has decided to dispose of 23.4 million common shares of its affiliate POSCO DX, valued at approximately 481.7 won, with the block trade scheduled for Sept. 7.The divestment, representing 0.77% of the company's consolidated equity, aims to reduce the holding company discount and secure strategic investment capital, according to a bourse filing on Friday.Alongside the share sale, Posco Holdings will enter a three-year Price Return Swap contract based on a reference price of 20,600 won per share, with settlement tied to the actual disposal value.Post-transaction, Posco Holdings will retain a 50.0% stake in POSCO DX, maintaining control over the IT services and engineering subsidiary.

KRX:005490
Asia

Posco to Divest KRW 2.02 Trillion Stake in Posco International

Crude steel manufacturer Posco (KRX:005490) has resolved to dispose of 36.4 million common shares of its affiliate Posco International, valued at 2.018 trillion won, with the block trade scheduled for Sept. 7.The divestment, representing 3.24% of the company's consolidated equity, aims to reduce the holding company discount and secure strategic investment capital.Alongside the share sale, Posco Holdings will enter into a three-year Price Return Swap contract based on a reference price of 55,400 won per share, with settlement tied to the actual disposal value.Post-transaction, Posco Holdings will retain a 50.04% stake in Posco International, maintaining control over the trading and energy subsidiary.

KRX:005490
Treasury

Posco Holdings Adjusts Exchange Price on Forex-Denominated Exchangeable Bonds After Cash Dividend

Posco Holdings (KRX:005490) lowered its exchange price on its foreign currency-denominated exchangeable bonds after declaring a cash dividend, according to a bourse filing on Friday.The exchange price was adjusted to 414,343 won from 419,025 won, applicable from Aug. 25.Shares of Posco Holdings added nearly 4% at market close.

KRX:005490
Asia

Posco Targets KRW 87.9 Trillion in Revenue by 2028

Posco (KRX:005490) is targeting consolidated revenue of 87.9 trillion won by 2028, representing a compound annual growth rate of 8.4%, according to a bourse filing on Thursday.To achieve this, the company plans to establish 10 million tonnes per annum of overseas steel production capacity by 2031, expand its lithium business to become a top global supplier, and grow its LNG value chain.A mid-term investment plan of 29.1 trillion won between 2026 and 2028 will support these initiatives, while low-profit assets are targeted for restructuring.The company also aims to deliver shareholder returns of 35% to 40% of adjusted controlling-interest net income over the same period.

KRX:005490
Asia

Market Chatter: Posco Holdings Mulls Scaling Down Titanium Business

Posco Holdings (KRX:005490) is mulling scaling down its titanium business, including a complete exit, as its production shrinks to about one-third of 2015 levels amid growing cheaper exports from China, Pulse News reported Wednesday.The company, Korea's first domestic producer of titanium sheets, maintains that falling profitability has impacted its operations; however, no decision has been finalized yet, the report said.Meanwhile, the industry observers believe that any change in the company's titanium business strategy may impact Korea's domestic supply chain, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

KRX:005490
Asia

Posco Holdings Reports One Death in Shinansan Line Accident

Posco Holdings (KRX:005490) disclosed a serious industrial accident at its Shinansan Line l, which left one worker dead, according to a Wednesday filing with the Korea Exchange.The worker fell from a height during electrical work preparation in a vertical shaft on Tuesday. The cause of the fall hasn't been identified yet, the filing said.Police and the Ministry of Employment and Labor are investigating the incident, and accident prevention measures are being written to prevent a recurrence, it said.

KRX:005490
Asia

Woojin I&S Wins Construction Equipment Works Contract from Posco E&C

Woojin I&S (KRX:010400) secured a contract to provide construction equipment works at the Seoripul mixed-use business complex project from Posco (KRX:005490) subsidiary Posco E&C, according to a Tuesday filing with the Korea Exchange.The contract, valued at 25.6 billion won, is valid till June 30, 2030.Shares of Woojin I&S rose more than 1% in recent trade, while those of Posco jumped over 11%.

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