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SummaryUpdated Jun 1, 2026
POSCO Holdings Inc. (KRX:005490) is a South Korean multinational conglomerate founded in 1968 and headquartered in Pohang, South Korea. Originally established as Pohang Iron and Steel Company, POSCO has evolved from a state-owned steel producer into one of the world's largest steel manufacturers and a diversified industrial holding company. The company went public in 1994 and transitioned to a holding company structure in March 2022. Today, POSCO Holdings operates through multiple business segments including steel production, energy materials (particularly battery materials for electric vehicles), infrastructure development, and trading operations across domestic and international markets.
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The labor union of South Korean steelmaker POSCO held its first strike since the company's founding in 1968 on September 9, 2026, demanding higher bonuses and a 7.1% base pay increase, with about 100 workers participating at steel processing plants in Pohang and other locations; production was unaffected.4d agoChina's State Administration for Market Regulation unconditionally approved a list of business concentration cases from August 24-30, 2026, including the new joint venture between Jingrui Electronic Materials and Sinopec Shanghai Gaoqiao Petrochemical, and other acquisitions.9d ago