POSCO Inaugurates a New Lithium Carbonate Plant and Plans to Expand Sal de Oro to 100,000 Tonnes

POSCO International is expanding its energy business in Alaska, moving into a 200-MW geothermal project. The U.S. Department of Energy is reviewing the project for federal funding. The company also acquired a shale gas asset in the Marcellus Basin for $550 million. POSCO International is exploring green methanol production using geothermal power.

POSCO Group sold 20.28 million shares (2.7%) of Woori Financial Group for 676.5 billion won, a 4.4% discount. The sale, handled by HSBC, Bank of America, and Samsung Securities, yields a 160% profit. POSCO aims to reduce holding company discount and fund future investments. Woori's stock closed down 4.73%.

POSCO sold its 20.28M shares in Woori Financial Group for ₩676.5B ($497.8M), a 4.3% discount to the prior close. The sale, led by BofA, HSBC, and Samsung Securities, generated a 160% gain. Woori shares fell 4.87% on the news. POSCO aims to monetize assets for future growth.

POSCO sold 20.28 million shares of Woori Financial Group, raising 676.5 billion won. The sale, at a 4.4% discount, yielded a 160% profit. POSCO plans to use proceeds for investments and financial stability, according to the company. POSCO Holdings recently sold stakes in subsidiaries to secure funds.

Korea Line (005880.KS) secured a 72 billion won, 3.5-year cargo transport deal with POSCO FLOW, shipping iron ore and coal for steelmaking. This adds to recent contracts totaling 187 billion won, stabilizing earnings. The company operates 32 vessels and has a debt-to-equity ratio of 64%.

POSCO sold 20.28M Woori Financial Group shares (2.7%) for 676.5B won, a 4.3% discount. The sale, managed by foreign brokerages, resulted in a 160% gain. Woori's shares fell 4.87% post-deal. POSCO aims to fund strategic investments according to analysts.