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Electric vehicle battery maker leads consortium in mining-to-manufacturing push to reduce reliance on China
Samsung and LG representatives joined regime civil servants at event organised by Korean embassy
Campaign groups press multinationals to be ready to leave empty-handed
Industry alarmed by reliance on imports, particularly from China, as electric vehicles take off
Activists say institutions are guilty of hypocrisy on ESG by ignoring industrial accidents
Funds raised concerns Posco’s military ties undermined responsible investing commitments
International pension funds pressure company over joint venture with military-controlled conglomerate
Private equity groups plan investment into Australian steelmaker in administration
Flagging steel prices weigh on South Korean manufacturer
Protectionism does seem to work for this industry
South Korean group beats forecast while European mills struggle
World’s fifth largest steelmaker suffers from cheap exports
Pressure from government and investors finally spurs payouts
Urgent need for action highlighted by massive losses in shipbuilding sector
Selling nearly half the Korean company’s divisions will reduce debt, much of it in US dollars
Earnings at fifth-largest steelmaker also dragged down by writedowns and currency moves
Exporters grapple with shrinking margins and market share as Chinese and Japanese encroach
Slowing growth in China is wreaking havoc on the South Korean steelmaker’s business model
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