History

POSCO INTERNATIONAL

Expanding Business Areas
POSCO INTERNATIONAL is a 'Global Integrated Corporation'. Beyond the conventional trading businesses, POSCO INTERNATIONAL runs business directly in the field of investment-related trading businesses including steel, automobile parts, and agro resources, and establishes the energy value chain encompassing resource development to development of power plants.

POSCO INTERNATIONAL

2021
  • 01Signed a Phase 3 EPCIC contract for the Myanmar Shwe Project
  • 03Issued ESG bonds as the first trading company in Korea
  • 03Recognized for excellence in the anti-corruption area by the UN Global Compact
  • 06Recognized for the 2021 Best Labor-Management Culture by the Ministry of Employment and Labor
2020
  • 02Discovered new deep-water gas reserves in Block A-3, offshore Myanmar
  • 03Became the first Korean business to announce the sustainable palm oil business policy (NDPE policy)
  • 04Split off POSCO SPS as a subsidiary
  • 10Initiated the import of feed wheat into the Korean market through the Ukrainian grain terminal
  • 10Received the Grand Prize in the Best ESG Companies category by the Korea Corporate Governance Service (KCGS) for 2 consecutive years
2019
  • 02Signed a contract to acquire a grain terminal in Ukraine
  • 03Changed the company name to POSCO INTERNATIONAL
  • 05Completed Factory 2 of the Rice Processing Complex in Myanmar
  • 09Completed a grain terminal in Ukraine
  • 12Completed a photovoltaic power generation system on Manaung Island in Myanmar
2018
  • 06Signed a Phase 2 EPCIC contract for the Myanmar Shwe Project
  • 08Opened the steel trading platform Steel For You
  • 11Signed an MOU with PetroleumBRUNEI to expand the LNG value chain business
  • 11Signed MOUs with six major grain-consuming companies in China to cooperate on grain sales
2017
  • 03Launched POSCO DAEWOO as a consolidated company (merger with POSCO P&S)
  • 06Initiated the commercial operation of a 34MW power plant in Lae, Papua New Guinea
  • 09Opened a hotel in Myanmar
2016
  • 01Became a member of the Federation of Oils, Seeds and Fats Association (FOSFA)
  • 03Changed the company name to POSCO DAEWOO
  • 07Signed a contract to supply 30MW photovoltaic modules in the US
  • 07Initiated production at the East Sea-2 gas field
2015
  • 01Moved the Headquarters to Songdo, Incheon
  • 07Became a member of the Grain and Feed Trade Association (GAFTA) in London, the UK
  • 08Signed a contract to build a police communications and CCTV network in Papua New Guinea
  • 11Signed a contract with GM Uzbekistan to supply automotive components for final assembly
2014
  • 01Signed a contract on the 60MW independent power generation project in Papua New Guinea
  • 02Signed a contract to build a 3,200MW combined cycle power plant in Algeria
  • 08Signed an equity investment contract for a copper mine in Wetar, Indonesia
  • 09Achieved the highest level of AAA under the Strategic Materials Trader Compliance Program (first in the industry)
2013
  • 06Initiated production under the Myanmar Shwe Project
2012
  • 03Signed a contract for the General Hospital H. Adam Malik facility improvement project in Indonesia
  • 10Initiated the production of bituminous coal in Narrabri, Australia
  • 11Signed a contract to build a 1,200MW combined cycle power plant in Algeria
2011
  • 09Launched palm oil plantation business in Indonesia
2010
  • 11Incorporated into POSCO Group
  • 12Surpassed KRW 15 trillion in sales (on a consolidated basis)