(LEAD) POSCO to invest 480 bln won in automotive steel plant by 2028

World 1 source 1 country 🔦 Under-reported 4m ago

South Korean steelmaker POSCO announced on Tuesday that it plans to invest 480 billion won into the construction of a new automotive steel plant. The project is scheduled for completion by 2028. This investment marks a significant expansion of the company's production capabilities within the automotive sector. The initiative reflects the company's strategic focus on strengthening its supply chain for vehicle manufacturing.

In-depth summary · AI, neutral

Read the full story at the source Yonhap English (Seoul, South Korea) · KR ↗ Get the news on TelegramTop stories & under-reported picks, straight to your feed — free. Join →

(LEAD) POSCO to invest 480 bln won in automotive steel plant by 2028

More in World

NTSB chair calls Amazon cargo plane crash scene ‘devastating’ and says flight and voice recorders have been recovered

Australia is drafting laws that will allow social media users to turn off algorithms

The government is moving forward with measures regarding the Falkland Islands, while polarizing with Kicillof and awaiting the possible visit of a magnate.

Hurricane Lowell expected to pass near one Hawaiian island and cause major rains statewide