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POSCO Daewoo becomes POSCO International

Steel News - Published on Tue, 19 Mar 2019

Image Source: wikipedia.org
POSCO Daewoo has changed its name to POSCO International as part of efforts to enhance its connectedness as a unit of POSCO Group effective March 18th 2019. At its shareholders meeting in Incheon, POSCO Daewoo shareholders approved the name change and other issues including dividend policy and reappointing CEO Kim Young-sang as an inside director. It said “The name change will enhance its connectedness as a unit of POSCO Group and promote the company's identity as a global trader.”

POSCO Daewoo, founded as Daewoo Industrial in 1967, became a member of POSCO Group in 2010 and grew to be one of the group's cash cows, shattering earnings records in 2017 and 2018. It changed its name to POSCO Daewoo in 2016.

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Posted By : Rabi Wangkhem on Tue, 19 Mar 2019
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