- Business
- Posco International Corporation Posco International Corporation (047050.KS) operates as a global trading company specializing in steel products, energy resources, infrastructure development, and emerging sectors including LNG value chain services and renewable energy solutions; it trades steel raw materials such as iron ore, raw coal, and power generation coal, alongside finished steel products like hot-rolled steel, steel plates, electrical steel, galvanized steel, and cold-rolled steel tailored for automotive, construction, shipbuilding, and renewable energy applications including GIGA STEEL for vehicle bodies and chassis, PosMAC weather-resistant steel for architectural structures, high-manganese steel for LNG carriers, and Hyper NO electrical steel for EV traction motors and wind generators; the company also engages in non-ferrous metals trading encompassing copper, aluminum, zinc, and ferroalloys, food commodities like grain, palm oil, and cotton, resource development in oil, gas, and minerals, logistics via sea, land, rail, air, and coastal transport, power generation from domestic and overseas plants, and energy initiatives in onshore/offshore wind, solar, hydrogen, CCS, and bioplastics. Founded in 1967 and headquartered in Seoul, South Korea, Posco International Corporation serves automotive, construction, shipbuilding, and energy industries across international markets in Asia, North America, Europe, and beyond as a subsidiary of POSCO Holdings Inc. Recent developments include securing management control of Indonesia's Sampoerna Agro in November 2025 through a KRW 1.3 trillion investment adding 128,000 hectares of palm plantations and completing a 500,000-ton annual capacity palm oil refinery on East Kalimantan Island in partnership with GS Caltex; forming a US$765 million lithium joint venture with Mineral Resources Limited in Australia in November 2025 where POSCO Holdings acquires a 30% stake in key lithium operations; acquiring full ownership of its Singapore subsidiary AGPA in November 2025; commencing full-scale development of Tanzania’s Mahenge Graphite Mine targeting 60,000 tons annual production from 2028; completing a drive motor core plant in Poland in October 2025 with 1.2 million unit capacity using Hyper NO steel; expanding energy cooperation with Norway's Equinor across offshore wind, steel supply, and LNG in October 2025; and implementing blockchain payments via JPMorgan Kinexys network as the first Korean company for real-time processing of 40,000 annual trade remittances.