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Tag: posco
POSCO probe poses problems and opportunities for conglomerate with checkered history
2015-03-19 05:45:44| Steel - Topix.net
The focus of the investigation seems to be on M&A deals signed under Chung who led the company from 2009 to 2014. Some of the deals have been cited as bad decisions.
Tags: history
problems
opportunities
probe
POSCO ex-head may face summons over slus...
2015-03-15 17:19:18| Steel - Topix.net
Former POSCO chairman Chung Joon-yang, who stepped down from his post in March 2014, is likely to face a summons from investigators over the group's alleged slush funds. The prosecution recently issued travel bans on some incumbent and former executives of POSCO as it widens its scope of inquiry into the allegations that the conglomerate engaged in irregularities involving embezzlement at its construction unit.
Charlie Munger Reduces Stake in Posco
2015-02-10 11:20:35| Steel - Topix.net
About two months ago, Barron's reported that Warren Buffett thought stock in Posco , one of the world's top five steelmakers, was "cheap." Buffett, Barron's observed, had been investing in PKX since 2007 and held a 5% stake in the South Korean steel company at that time.
Tags: reduces
charlie
stake
posco
Posco faces another setback in India
2015-02-05 21:26:21| Steel - Topix.net
The project to be set up by the world's sixth-largest steelmaker has been caught up in a regulatory maze for the past decade, but the company had waited in the hope of getting preferential access to iron ore in Odisha. But steel and mines minister Narendra Singh Tomar on Thursday ruled out an exception to an executive order mandating auctions for all new mines.
Tags: india
faces
setback
posco
Posco, SAIL to set up Rs18K-cr integrated plant in Jharkhand
2015-01-21 06:12:37| Steel - Topix.net
South Korean steel major Posco and state-run SAIL would jointly set up a 3-million-tonne integrated plant in Jharkhand with an estimated investment of about Rs 18,000 crore. Posco's global CEO Kwon Oh-Joon, India CMD Gee Woong Sung and South Korea's Ambassador to India Joon-gyu Lee met Prime Minister Narendra Modi on Tuesday and is learnt to have briefed him about the company's investment plans in Jharkhand.
Tags: set
integrated
plant
sail
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