POSCO Group is expected to restore its relations with the Yoon Suk Yeol administration, as company Chairman Chang In-hwa has been invited to a series of recent events hosted by the president, unlike his predecessor, according to industry officials, Wednesday.
POSCO holds global volunteer campaign for local communities both in Korea, abroad koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.
Questions are growing as Dongkuk Steel has yet to rejoin the Korea Iron & Steel Association (KOSA), after the company left the business lobby for steelmakers after its launch of a holding firm structure last year, according to industry officials, Monday.
President Yoon Suk Yeol pledged unwavering commitment to aiding and bolstering small- and medium-sized enterprises (SMEs) and startups as they venture into markets overseas, during an event organized to encourage businesspeople.
POSCO Group executives will start returning up to 20 percent of their wages this month under the leadership of Chairman Chang In-hwa, as part of group-wide efforts to reduce costs amid a slowdown in the global steel and battery industries, the company said Monday.